US–Nigeria wheat trade to hit US$700M by 2025

Nigerian-American agricultural trade, mainly driven by wheat imports, is on track to exceed US$700 million by the fall of 2025, according to officials of the United States Mission in Nigeria. The outlook was announced during the recent visit to Apapa Port by the US Consul General in Lagos, Rick Swart, and the US Agricultural Counsellor, Chris Bielecki. The delegation’s visit was to witness the unloading of 50,000 metric tonnes of US-grown wheat valued at about US$15 million, purchased by Flour Mills of Nigeria (FMN), one of the country’s largest food and agro-processing companies and a major importer of American wheat. Nigeria is currently the third-largest export market for US wheat, reflecting the country’s reliance on imports to meet demand for flour, bread, pasta, and other wheat-based foods. According to the official, the US agricultural trade with Nigeria continues to support American farmers while enabling Nigerian manufacturers to sustain jobs across milling, baking and ...