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Food imports drop by 7% – CBN data

Nigeria's food import bill decreased by 7% to $2.34bn in 2025, according to CBN data, signaling a shift in economic priorities and reduced import reliance.

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vanguardngr.com1 mesi fa

Nigeria spends $2.34bn on food imports in 2025, down 7.4%

Nigeria cut food imports 7.4% to $2.34bn while total imports surged 28%, reallocating toward capital goods and infrastructure. For Africa tech expansion, this import shift signals growing capex appetite and infra modernization—core drivers of emerging-market digital growth.

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punchng.com1 mesi fa

Food imports gulp $2.34bn in 2025 – CBN

Nigeria spent $2.34bn on food imports in 2025, a 7.37% decline from 2024's $2.53bn, with H2 accounting for 54.6% of total spend and September peaking at $248.6m. The persistent forex demand — above $140m/month — signals that structural import dependency (driven by agricultural underinvestment and insecurity) remains unresolved, keeping Nigerian food-sector businesses exposed to exchange-rate and commodity price volatility.

Timeline cronologica

sabato 30 maggio 2026·punchng.com
Food imports gulp $2.34bn in 2025 – CBN
Nigeria spent $2.34bn on food imports in 2025, according to CBN data. Discover the reasons behind the continued reliance on food imports and its economic i
domenica 31 maggio 2026·thisdaylive.com
CBN: External Reserves Rise to $49.34bn as Naira Holds Firm Amid Stable Market Conditions
*Says $2.34bn spent on food imports in 2025 despite decline in forex demand

Nigeria spends $2.34bn on food imports in 2025, down 7.4%

Food imports gulp $2.34bn in 2025 – CBN

Timeline cronologica

Food imports gulp $2.34bn in 2025 – CBN

CBN: External Reserves Rise to $49.34bn as Naira Holds Firm Amid Stable Market Conditions

CBN: External Reserves Rise to $49.34bn as Naira Holds Firm Amid Stable Market Conditions

Food imports drop by 7% – CBN data

Nigeria spends $2.34bn on food imports in 2025, down 7.4%