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Nigeria is the most populous country in Africa, and has the largest economy on the continent. Demographically, its population is relatively young and urbanizing.

Despite the private sector's support for biotechnology, Venezuela maintains a ban on the domestic use and research of modern biotechnology-derived agriculture. Venezuela’s basis for the ban is through the Seed Law of December 2015, which also prohibits the importation of genetically engineered (GE) seeds.

In July 2023, President Tinubu declared an "immediate state of emergency on food insecurity" to address high food prices and lackluster agricultural production. Nigeria is considered by some in Africa to be a leader in agricultural biotechnology as it has researched, tested, evaluated, and commercialized several biotech products, including cowpea, a staple crop for smallholder farmers across West Africa.

In 2023, food and agricultural imports have become increasingly expensive as the government has been largely unsuccessful at stemming the naira’s decline relative to the U.S. dollar.

In the nine-year period from 2012 to 2020, Venezuela's economy declined 88 percent, which led to a drop in demand for agricultural products.

This report provides the latest updates in Nigeria’s Hotel, Restaurant, and Institutional (HRI) sector and provides a road map for U.S. exporters wishing to enter the market. While Nigeria has Africa's largest potential consumer base, consumer...

FAS (Post) revises Venezuela corn and rice production higher for market year (MY) 2023/2024 due to improved access to higher-quality agricultural inputs and seeds, and favorable weather conditions.

Since 2013, Venezuela’s total meat consumption has declined 66 percent due to prolonged economic collapse. However, since 2019, an improved economic environment has led to stabilized beef production and significant growth in the poultry sector.

Post estimates marketing year (MY) 2023/24 wheat consumption to decrease to 4.5 million metric tons (MMT) or 10 percent from USDA's official estimate.

This report outlines Venezuela’s food and beverage market conditions, which highlights growing opportunities for U.S. food and agricultural exporters to enter and expand in the market.

In 2022, the Venezuelan artificial insemination market was estimated at 170,000 doses per year, with 43 percent of doses imported.

The Federal Executive Council approved the extension of the National Sugar Master Plan (NSMP) by 10 years (2023-2033). NSMP is an effort of the Government of Nigeria to ensure self-sufficiency in local sugar production.