Nigeria is currently reviewing a deal with Russia that could make it easier and cheaper to import wheat and fertiliser. On the surface, this seems like good news. Lower costs for wheat could ease bread prices, and more affordable fertiliser could help farmers grow more crops—both steps that may reduce the high cost of food across the country.
However, economic experts urge caution. While the deal might bring short-term relief, relying too heavily on one country for essential food and farm supplies can be risky. Political tensions, supply disruptions, or price changes abroad could hit Nigeria hard.
The key for Nigeria is balance. Leveraging this deal to boost local production and food security is wise, but the government must also continue to diversify its sources and invest in homegrown agriculture. Otherwise, what seems like a solution today could become a problem tomorrow.
Nigeria has a chance to benefit—but only if it treads carefully.
