Mar 15 β€’ 00:00 UTC πŸ‡³πŸ‡¬ Nigeria Punch

Food and beverage imports jumped by N1.07tn in 2025 – NBS

Nigeria's food and beverage import bill increased by N1.07 trillion from 2024 to 2025, according to the National Bureau of Statistics.

According to the National Bureau of Statistics (NBS), Nigeria's food and beverage import bill rose significantly by N1.07 trillion over the course of 2025. This increase lifted the total value of food and beverage imports from N6.58 trillion in 2024 to N7.65 trillion in 2025, marking a year-on-year growth of 16.34 percent. The rise in food and beverage imports is part of a broader trend, with Nigeria's total import bill also experiencing an uptick, climbing from N60.59 trillion in 2024 to N67.35 trillion in 2025, which reflects an overall increase of 11.15 percent.

The impact of food and beverage imports on Nigeria's economy is noteworthy, as they accounted for a growing portion of the country's total imports. The percentage of imports attributed to food and beverages increased from 10.86 percent in 2024 to 11.36 percent in 2025. Moreover, these imports were responsible for 15.91 percent of the total growth observed in Nigeria's import bill during the same period, underscoring their significance in the economic landscape.

The detailed breakdown of data indicates that primary food and beverage imports experienced considerable growth, highlighting the increasing reliance on imported goods to meet domestic consumption demands. This trend raises important implications for local food production, food security, and economic policy, as the dependency on imports could pose challenges for Nigeria's agricultural sector and its efforts to achieve self-sufficiency in food production.

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