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Sub-Saharan Africa’s voracious appetite for imported agricultural goods is a direct result of the region’s robust growth in gross domestic product (GDP) and population.
In April 2015, the GON passed the lingered biosafety bill into law and created the National Biosafety Management Agency (NBMA).
MY2015/16 domestic sugar production is estimated at 70,000 tons (raw value), a decline of over seven percent from the 2014/15 estimate of 75,000 tons.
Post estimates U.S. 2015/16 wheat exports to Nigeria at 2.3 million tons, a 17 percent decrease largely due to existing import levies.
The passage of a bio-safety bill has faced many hiccups in Nigeria, the country’s policy makers now appear to be set for the passage of the bill and subsequent executive assent.
On January 27, 2015, the government of Nigeria (GON) in Abuja, Nigeria’s capital city, inaugurated: 1) Inter-Ministerial Committee on Food Safety and 2) National Food Safety Management Committee.
Nigeria would begin the implementation of ECOWAS Common External Tariffs beginning January 1, 2015 to comply with ECOWAS Heads of State’s adoption of a five-band regional CET.
Nigeria’s wheat demand continues to rise and is attracting more third-country suppliers of inexpensive wheat. Imports for 2013/2014 have been adjusted to 4.55 million metric tons.
Nigeria’s food processing sector offers significant market potential and FAS-Lagos can assist interested U.S. food/ingredients suppliers in establishing business relationships with local buyers.
A strong economic outlook, growing middle class and surging demand for consumer-oriented foods make Sub-Saharan Africa one of the fastest-growing regions for U.S. agricultural exports.