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

Nigeria’s spending on food imports declined by 7.4 per cent, year-on-year to $2.34 billion in 2025, signaling a moderation in the country’s dependence on imported food products despite a sharp increase in overall import expenditure. Data on food imports obtained from the Central Bank of Nigeria, CBN, quarterly statistical bulletin, fourth quarter 2025. Q4’25 showed that food imports fell to $2.343 billion in 2025 from $2.530 billion recorded in 2024, representing a decline of $186.42 million of 7.4 per cent year-on-year.

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