In Nigeria, the consumption of soybean has increased over the years driven by the poultry, fishery and edible oil
industries. Between 2012 and 2020, the Federal Ministry of Agriculture of Nigeria forecasted a growth of 51% for
the fishery industry and 20% of the poultry industry under its Agricultural Transformation Agenda. Soybean meal is a
vital and preferred source of protein in compound feed and accounts for 20%-30% in poultry feed and 20% of fish
feed composition. Furthermore, soybean oil is currently recognized as alternative to palm oil by various industries.
There is a growing trend in soybean consumption as it is the second most consumed and produced vegetable oil in
the world, accounting for 28% of oils produced after palm oil at 37% .