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Nigeria agribusiness report Q4/2018 includes 5-year forecasts to 2021-2022
- 作者：
- Business Monitor International Ltd
- 年份：
- 2018
- 学科分类：
- F343.74
- 出版地：
- London
- 总页数：
- 54
- 语种：
- English
- 信息来源：
- BMI Research
- 摘要：
- improving balance of payments dynamics present an attractive opportunity for much-needed exchange rate reform, it also makes the reform less necessary and Buharfs candidacy in upcoming elections means that policymakers will likely prioritise political considerations. A further devaluation of the currency would mean that Nigerian households have been paying more for imported wheat which, in turn, has stunted consumption growth in the short term. Other grains, including corn, have also increased in price dramatically, according to the Food and Agriculture Organization of the United Nations (FAO). The gain to farmers from higher prices for their crops has been counterbalanced by higher prices for imported pesticides and fertilisers, so we do not see much upside risk to our short-term forecasts.
