• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, September 13, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Wheat Import Costs Nigeria N753.bn In 9 Months, Drops By 16%

by Bukola Idowu
3 years ago
in Business
Reading Time: 2 mins read
Share on WhatsAppShare on FacebookShare on XTelegram

 

Advertisement

A total of N753.597 billion was used to import durum wheat, in the first nine months of 2022, into the country, making it the country’s highest imported food item.

Wheat is the third most imported item in the country after petrol and gas oil.

Durum wheat is a variety of spring wheat that is typically grinded into semolina and used to make pasta, couscous, bulgur, noodles, and bread, all of which are highly consumed meals in Nigeria.

The three quarters worth of durum wheat import in 2022 is however less than what was spent on importing the food item in the firth three qarters of 2021.

Importation of durum wheat in the first three months of 2021 stood at N898.19 billion with N258.3 billion worth imported in the first quarter while N324.72 billion and N315.17 billion was spent on importing the food item in the second and third quarter of 2021 respectively.

Last year, N258.31 billion, N242.66 billion and N252.62 billion was spent on importation of durum wheat in the first, second and third quarters of last year, according to trade data by the National Bureau of Statisitcs(NBS).

The amount spent on the importation of wheat in the first three quarters of 2022 was 16.1 per cent lower than what was spent in the same period of 2021.

In 2021, total durum wheat importation in the country for the whole year sttod at N1.29 trillion representing a 71.1 per cent increase compared to N756.92 billion recorded in 2020. The cost of wheat had soared with the Russia-Ukraine war, spiking a surge in food prices.

Minister of Agriculture and Rural development, Mahmood Abubakar, had stated that, with the growing population and consumption rate of wheat and its products, Nigeria had no option than to boost its productivity to meet the country’s increasing demand.

RELATED

Ginger Farmers Lose N12bn To 2023 Blight Epidemic

Investing In Ginger Farming For Export

1 hour ago
Helen: Excelling In Event Planning Industry Through Passion

Helen: Excelling In Event Planning Industry Through Passion

1 hour ago

Abubakar said: “the wheat industry has been of serious concern to the Federal Government. This is because of the national requirement for wheat is 5.7 million metric tonnes annually, while our production is 420,000 metric tonnes.

“The Central Bank of Nigeria Statistical Report 2020 shows that Nigeria imported $6bn worth of wheat from 2016 to 2020. This is worrisome and unsustainable for a crop that could be produced locally.”

The minister, however, noted that, the draft National Wheat Strategy Document was developed as a policy framework to increase production, incomes and the competitiveness in local production for smallholder wheat farmers.

Join Our WhatsApp Channel

SendShare10183Tweet6364Share
ADVERTISEMENT
Previous Post

Employers Lament 50 Multiple Taxations, Seek Federal Govt’s Intervention

Next Post

Polaris Bank Sale: We Didn’t Reject N1trn Offer – CBN

Bukola Idowu

Bukola Idowu

You May Like

Ginger Farmers Lose N12bn To 2023 Blight Epidemic
Business

Investing In Ginger Farming For Export

2025/09/13
Helen: Excelling In Event Planning Industry Through Passion
Business

Helen: Excelling In Event Planning Industry Through Passion

2025/09/13
Leveraging Benefits Of AI For Nigerian Businesses
Business

Leveraging Benefits Of AI For Nigerian Businesses

2025/09/13
How Businesses Can Navigate Marketing Complexity — Expert
Business

Sustaining Profit As Small Business Owner

2025/09/13
BUA Foods Declares N111.5bn Profit After Tax For 2023
Business

BUA Foods Commits To Sugar Self-sufficiency With Backward Integration Project

2025/09/13
‘Kerojet Services Opens Will Accelerate National Growth’
Business

‘Kerojet Services Opens Will Accelerate National Growth’

2025/09/13
Leadership Conference advertisement

LATEST

Handball: HFN Unveils Squad For U-18 African Tourney

Tobi Amusan Slams Team Nigeria’s World Championships Kit

Draped In Power: The Unstoppable Allure Of Black

BBN S10: I Will Launch My Food Business And Cooking Show In Lagos – Big Soso

BBN S10: Doris Reflects on House Experience, Plans Film Production Venture

How Data Can Grow Indie Artistes Career – Experts

Experts Proffers Solutions To Effect of Piracy On Movies Despite Increase In Online, Streaming Platforms

Going Down Memory Lane With Bonet @ 90

Nature’s Healing Power And The Reality Of Herbal Medicine

What To Know And How To Protect Yourself As Ebola Resurfaces

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.