Nigeria Spent $2.34 Billion on Food Imports in 2025 Despite Decline in Foreign Exchange Demand
Nigeria spent a total of $2.34 billion on food imports in 2025, according to the latest quarterly statistical bulletin released by the Central Bank of Nigeria (CBN), highlighting the country’s continued dependence on imported food products despite efforts to boost local agricultural production. The report showed that the country’s food import bill declined by $186.4…
