Nigeria is one of Africa’s leading soybean producers, and its unrefined (crude) soybean oil industry is expanding rapidly. Government programs (e.g. the Central Bank’s Anchor Borrowers Program) and private investment have driven soybean output into the millions of tonnes. For example, the USDA forecasts Nigeria’s soybean crush reaching 800,000 MT in 2021/22 (yielding roughly 140,000 MT of oil) as new large-scale crushers come online. Nigeria’s soybeans are grown under a strict non-GMO policy, giving its crude oil a premium niche in markets demanding identity-preserved oil. Leading local soybean processors (e.g. SALMA Oil Mills, Grand Cereals, Karma Foods, ECWA Feeds, etc.) are actively extracting oil and meal, and investments from IITA, USAID and USSEC are boosting yields and quality. Overall, Nigeria’s crude soybean oil supply is growing steadily (supported by favorable prices and farm support programs), positioning it as a viable exporter.
Kosona Chriv - 2 November 2025
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