Agriculture

Africa Spends $20 Billion Annually on Wheat Imports - Report

African countries collectively spend approximately $20 billion each year on wheat imports. This is according to Dr. Solomon Gizaw, the Head of Technologies for African Agricultural Transformation (TAAT) Clearinghouse.

He said this during a Train-the-Trainer workshop on wheat seed production in Kano.

Dr. Gizaw said the ongoing crisis between Ukraine and Russia has resulted in supply disruptions and a surge in wheat prices across Africa, imposing significant financial burdens on the continent.

“The conflict between Russia and Ukraine has impacted the entirety of Africa.

Africans, being the major importers of wheat across the continent, have experienced a lot of supply disruption due to the fight between these two countries located in Europe,” said Gizaw.

Food Insecurity Concerns

The situation underscores the lack of food security in Africa, as the continent’s food security is dependent on others.

“Annually, Africa spends nearly $20 billion to import wheat from other parts of the world. They import both fertilizer and wheat from Ukraine and Russia, and as a result, the war between the two has disrupted the supply of wheat and fertilizer,” he added.

He said Nigeria has the potential to achieve self-sufficiency in wheat production and that it has the necessary resources to cultivate wheat domestically and supply neighboring African nations.

Nigeria spent around $692 million on wheat imports between October 2022 and September 2023.

From January to September 2023, Nigeria’s wheat imports amounted to $59.4 million, marking an increase of $20.4 million compared to the corresponding period in 2022.

Wheat flour is a primary raw material in the production of bread, pasta, noodles, and other essential Nigerian food items.

The prices of these products have recently surged due to the conflict between Russia and Ukraine, which disrupted global supply chains and caused a spike in the commodity’s price on the global market.

A preivew of wheat production

Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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