Nigeria spent $2.34bn on food imports in 2025, fresh data from the Central Bank of Nigeria has shown.
The figure was contained in the CBN’s latest quarterly statistical bulletin on sectoral utilisation of foreign exchange.
An analysis of the data showed that the 2025 food import bill was lower than the $2.53bn recorded in 2024 by $186.4m, representing a 7.37 per cent decline.
Despite the drop, the figures indicate that food imports remained a major source of foreign exchange demand, with monthly spending staying above $140m throughout the year.
The highest monthly food import expenditure in 2025 was recorded in September at $248.60m, followed by December with $245.86m and July with $229.70m.
