Nigeria Reliant on U.S. for Wheat, Ethanol as Domestic Farming Lags Despite Ample Land
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Nigeria is the 38th largest market for U.S. agricultural exports, worth over $631 million in 2022.
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Top U.S. agricultural exports to Nigeria include wheat, ethanol, food preparations, wine, and fish/seafood.
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Nigeria has abundant natural resources but underutilized agricultural potential, with 56% of arable land uncultivated.
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Food inflation in Nigeria reached an alarming 30.64% in September 2022.
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Nigeria relies heavily on food imports due to inadequate domestic production, with the U.S. as a major source.