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Crisis Looms as Food Import Bill Skyrockets to N677 Billlion

Nigeria’s ambition for food sovereignty has been dealt a staggering blow, with new data confirming a sharp and unsustainable escalation in food import dependency. The country’s bill for imported food and beverages ballooned to N677.3 billion in the first half of 2025, representing a devastating 44.48 percent rise from the N468.76 billion spent during the same period in 2024.

This frantic reliance on foreign sources is not only draining Nigeria’s scarce foreign exchange reserves but is exposing the deep structural failures crippling local agricultural output. The latest findings from the National Bureau of Statistics (NBS) reveal that the total agricultural import bill surged to N2.22 trillion in H1 2025. This massive figure points to a market that is increasingly unable to feed itself, forcing industrial players and household consumers to look abroad.

Stakeholders are clear on the cause: the current crisis is a direct consequence of a debilitating mix of security failure on farmlands and a failure of policy execution. Leaders across the Organized Private Sector (OPS) lament that persistent insecurity has made large swathes of fertile land inaccessible, pushing farmers off their land and severely limiting the supply of primary raw materials.

This scarcity then cascades through the economy. The Chairman of the Lagos Chamber of Commerce and Industry’s (LCCI) Agricultural Group observed that this environment has cultivated a pervasive “trust deficit,” where buyers routinely favor imports over local produce, perceiving them as more reliable in quality and quantity. This is not merely a household consumption issue.

The data shows that processed food imports for industrial use climbed by a significant 7.28 percent to N1.06 trillion, underscoring the inability of the local value chain to supply manufacturers adequately. The increased import of vital inputs like wheat continues to deepen the country’s vulnerability to global price shocks, further eroding the Naira’s value.

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The reasoning behind government intervention policies has also come under intense scrutiny. The emergency 150-day duty waiver on selected food items, implemented in 2024 to stabilize supply, did little to address the core problem. A report released in September 2025 by the US Department of State unequivocally stated that the well-intentioned policy failed to achieve its goals due to a lack of transparency and bureaucratic rigidity.

The slow, opaque implementation process—marked by reliance on manual customs processes—prevented the waiver’s benefits from reaching consumers and ultimately failed to temper the upward trajectory of prices. Furthermore, policy inconsistency, such as the late distribution of essential inputs like fertilizers long after the peak wet season had passed in 2025, has eroded farmer confidence and investment.

This environment forces smallholder farmers, who form the backbone of the nation’s food production, to bear exorbitant input costs, which are then passed on to consumers. As the food import bill continues to bleed the nation’s foreign exchange, experts who convened at the National Council on Agriculture and Food Security meeting in November 2025 are asserting that the path to reversal requires structural overhaul, not temporary fixes.

The consensus from the meeting focused on building long-term confidence. The first step is an immediate and effective clearance of farmlands to allow agricultural activities to resume at scale. This must be coupled with the recapitalization of specialized agricultural banks to provide easily accessible, single-digit interest loans to producers.

Crucially, the government must invest massively in cold chain logistics, silos, and storage facilities to significantly reduce wastage and stabilize prices year-round. Finally, establishing functional commodity boards to guarantee the purchase of local produce at competitive prices will remove risk for farmers and ensure consistent supply.

Until the government shifts from intermittent interventions to a disciplined, sustained commitment to reducing production costs and eliminating the security threat, Nigeria’s food import crisis—and the resulting economic pain—will only intensify.

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