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Reading: Sesamum Seeds, Cocoa Tops List Of 10 Agricultural Exports, As Nigeria Earns N289.3 Billion
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News

Sesamum Seeds, Cocoa Tops List Of 10 Agricultural Exports, As Nigeria Earns N289.3 Billion

Tobias Sylvester
By Tobias Sylvester
Published: August 10, 2020
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The National Bureau of Statistics (NBS) has said that Nigeria earned about N289.3 billion from exporting top 10 agricultural produce between April 2019 and March 2020.

Sesamum Seeds, Cocoa Tops List Of 10 Agricultural Exports, As Nigeria Earns N289.3 Billion 1

The bureau said that sesamum seeds and cocoa beans are two Nigeria’s agriculture produce most sought after internationally, as both commodities jointly accounting for over 60 per cent of the entire exports from the country.

Giving the breakdown of Nigeria’s top agricultural exports and top destination countries. Sesamum seeds, the tiny, oil-rich seeds, have been Nigeria’s agricultural export biggest earner for some years.

During the period under review, Nigeria made the sum of N112.8 billion from the export of the produce and this accounted for 38.9 per cent of the top 10 agricultural products. However, top destinations for the product include Japan, China, Turkey, India, and Vietnam.

READ:  Nigeria Needs Political Will And Action To Turn Its Population Into An Asset - Obasanjo

For cocoa beans, cocoa (Fermented, superior quality raw cocoa) is Nigeria’s second largest agricultural export. During the period under review, cocoa export was estimated to be N109.6 billion, accounting for 37.8 per cent of the top agricultural exports. While its top destinations include Germany, Netherlands, Spain, Indonesia, Belgium, Malaysia and Estonia.

Meanwhile, cashew nuts are Nigeria’s 3rd biggest agricultural export product. Between March 2019 and March 2020, Nigeria generated a total sum of N38.2 billion from cashew nuts export. While its top export destinations include Vietnam, India, USA, Russia and as well as the Netherlands.

Frozen shrimps and prawns, which ranked 4th on the list, accounted for 3.4 per cent of the biggest export in Nigeria and estimated to be N9.85 billion in the last one year. However, Netherlands, Belgium, France, Vietnam, and the USA are top destinations for their export.

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Sesamum Seeds, Cocoa Tops List Of 10 Agricultural Exports, As Nigeria Earns N289.3 Billion 2

KanyiDaily recalls that the Minister of Agriculture, Sabo Nanono had described the cry by some Nigerians of hunger in the land as laughable, insisting that there is no hunger in Nigeria.

Nanono said Nigeria is producing enough food to feed itself and send to neighbouring countries, adding that it is wrong to promote the idea that there was hunger in Nigeria.

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Read Also:👇🏾

  1. “Produce More, Nigeria Has No Money To Import Food” – President Buhari Tells Farmers
  2. Buhari Approves Creation Of Farm Estates In 108 Senatorial Districts Across Nigeria
  3. Price Of Rice In Nigeria To Crash To N9000 In 3 Weeks, As Rice Farmers Record A Bumper Harvest
  4. Nigerians To Start Buying A Bag Of Rice For N19,000 Beginning From December 14th

TAGGED:AgricultureFarmFarmersFoodNBSNewsNigeria
ByTobias Sylvester
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Tobias Sylvester is the news editor for Kanyi Daily News and is based in Lagos.Contact Tobias at [email protected] a confidential tip? Submit it here
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