Nigeria set to boost corn, wheat imports in 2025/26: USDA

Nigeria is expected to increase its wheat and corn imports in the 2025/26 marketing year as a more stable foreign exchange rate, improved consumer purchasing power, and lower global grain prices support trade flows. This is according to the latest Grain and Feed Update published by the Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture (USDA). Wheat imports are projected to reach 6.7 million tonnes in 2025/26, an increase from 6.25 million tonnes the previous year. The report notes that Nigeria’s 2024 temporary zero-duty import policy provided millers with cheaper and more accessible wheat in the early months of 2025, a move that significantly improved their profit margins. “As a result, many businesses have seen improved profit margins following the implementation of the temporary zero-duty import policy,” the FAS said. Nigeria’s milling sector remains heavily reliant on wheat, with approximately 70% of flour consumed in the country used for bread ...