Minister of Agriculture and Rural Development Sabo Nanono says Nigeria generated $150m from the export of coconut oil and its derivatives in 2020.
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Minister of Agriculture and Rural Development Sabo Nanono says Nigeria generated 150 million dollars from the export of coconut oil and its derivatives in 2020. Nanono said this on Wednesday during the training of coconut farmers organised by the Federal Ministry of Agriculture and Rural Development (FEMARD) in collaboration with Nigerian Institute for Oil Palm Research (NIFOR) in Benin. The minister, represented by Mr Bernard Ukattah, Deputy Director, FEMARD, said that coconut was a major non-oil export foreign exchange earner for Nigeria. He explained that coconut provided livelihood for more than 500,000 families, mostly women and youths in the country. Nanono noted that coconut accounted for 10 per cent of the nation’s agricultural exports, adding that it was expected to generate more than 250 million dollars by 2021. “As a result of the awareness of its value and degree of uses, Nigeria has in recent times, increased the volume of production of coconut to average of 250,000 ...
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