Grapevine

By Punch
Oct 12, 2024

Local maize production costs rise by 69.7% – NARLS

He added that rice production costs have surged by 37.8 per cent, from N423,400 per hectare in 2023 to N583,505 in 2024.

“This dramatic increase in production costs will create significant barriers for many families in Nigeria, making it more difficult for them to access these essential food items,” Ikani stated during the report’s presentation in Abuja.

The report emphasized the difficult agricultural environment influenced by unfavourable weather conditions.

The rainfall data indicated a substantial decrease in 2024, resulting in a widespread dry spell across 33 states and escalating pest and disease infestations that have devastated various crops.

Ikani noted, “The dry conditions have led to lower yields, compounding the already high production costs.”