17/10/2025
                                            Dynamics Of Grain Prices: Cheap Grains, Costly Future
By: BUHARI HABIBU 
Before 2015, investment and interest in Nigeria’s agricultural sector were quite low. This was due to the low profitability of crop production, so most prospective and potential farmers preferred to buy grains that were mostly imported from foreign countries. It was cheaper to buy grains in the market than to grow them. At that time, the national borders were open and cheaper grains flowed freely into the country.
In 2015, the Buhari administration closed the borders and stopped the importation of maize, rice, soybeans, and other crops. This led to a surge in the prices of grains due to lower local production and higher demand. 
Read more in comments