Effects of the Iran conflict on fuel, fertilizer, and food prices in Nigeria

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dc.creatorKirui, Oliver K.
dc.creatorFasoranti, Adetunji
dc.creatorBamiwuye, Temilolu
dc.creatorBalana, Bedru
dc.creatorGlauber, Joseph W.
dc.creatorHebebrand, Charlotte
dc.creatorOmamo, Steven Were
dc.date2026-06-17
dc.date2026-06-18T13:23:45Z
dc.date.accessioned2026-06-27T15:33:16Z
dc.descriptionNigeria faces a new wave of economic pressure from the ongoing Iran conflict, with disruptions around the Strait of Hormuz causing sharp increases in global oil and fertilizer prices and threatening to reverse the recent decline in Nigeria’s food inflation. Although Nigeria could benefit from higher oil and fertilizer export revenues due to its expanding domestic refining and urea production capacity, the country remains heavily dependent on imported refined fuel, potash, phosphate, and other fertilizer inputs. Rising transport, logistics, and production costs are already increasing pressure on farmers, food systems, and household welfare. At the same time, however, the crisis presents a strategic opportunity for Nigeria to strengthen domestic refining, expand fertilizer production, deepen regional trade, and reposition itself as a major supplier of fuel and fertilizer across Africa.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/183398
dc.identifier.urihttp://hdl.handle.net/123456789/107645
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.rightsOpen Access
dc.sourceKirui, Oliver K.; Fasoranti, Adetunji; Bamiwuye, Temilolu; Balana, Bedru; Glauber, Joseph W.; et al. 2026. Effects of the Iran conflict on fuel, fertilizer, and food prices in Nigeria. NSSP Policy Note 58. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/183398
dc.subjectconflicts
dc.subjectimpact
dc.subjectfuels
dc.subjectfertilizers
dc.subjectfood prices
dc.subjectinflation
dc.subjectvalue chains
dc.titleEffects of the Iran conflict on fuel, fertilizer, and food prices in Nigeria
dc.typeBrief

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)