Nigeria

Nigeria’s tariff cuts and falling rice prices shift trade flows across West Africa.

The new facility, located in Ilorin, is designed to process large volumes of soybeans into edible oil and high-protein feed, supporting both Nigeria’s food security agenda and its growing livestock sector.

The country looks to raise yields and cut imports through regional cooperation and new local projects.

The initiative, which aligns with the Renewed Hope Agenda, will focus on expanding oil palm cultivation, modernizing processing facilities, and strengthening market linkages for smallholder farmers. It will also encourage private sector investment to enhance competitiveness and drive exports.

This growth underscores the company’s resilience and strategic expansion within the Nigerian and regional food markets despite a complex macroeconomic environment.