FORFAITFEASIBILITYSUBSCRIBER

Nigeria Food Security, Market Resilience and Agricultural Development Programme

Public dossier — an independent feasibility read on a balanced, local-first, import-triggered food-security programme for Nigeria

AFRICA

02 SEPT 202618 MINCLOSED

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The Challenge — and the Doctrine of a Balanced Programme

Nigeria's food crisis is a paradox of two economies. The macro economy is visibly recovering: headline inflation fell to 15.43% in July 2026 from 24.94% a year earlier, external reserves reached a 17-year high of US$52.66 billion in August 2026, and the naira has stabilised near ₦1,350 to the dollar. Yet the household food economy is moving the other way. Food inflation re-accelerated to 20.31% year-on-year in July 2026 — its highest in ten months — and the joint Government–FAO Cadre Harmonisé analysis (presented October 2025) counts 27.2 million people already in crisis-level food insecu…

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