Nigerian farmers are facing some of their worst margins in years as the prices of maize, rice, and cassava fall, leaving them unable to cover rising input costs. Despite recent foreign exchange (FX) stability and a strengthening naira, the cost of key agricultural inputs has surged. Fertiliser prices are up more than 41 percent, while seeds and seedlings have nearly doubled. Herbicides and pesticides have risen by over 20 percent, piling pressure on farmers already struggling to stay afloat. The surge in input prices is straining farmers'
Nigerian farmers are facing some of their worst margins in years as the prices of maize, rice, and cassava fall, leaving them unable to cover rising input costs. Despite recent foreign exchange (FX) stability and a strengthening naira, the cost of key agricultural inputs has surged. Fertiliser prices are up more than 41 percent, while seeds and seedlings have nearly doubled. Herbicides and pesticides have risen by over 20 percent, piling pressure on farmers already struggling to stay afloat. The surge in input prices is straining farmers'