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Nairaland Forum / Nairaland / General / Politics / Nigeria Earns N472bn From Cocoa, Others (768 Views)
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Nigeria Earns N472bn From Cocoa, Others by ELTON123(m): 12:43am On Jul 26, 2015 |
The country earned a total sum of $2.4bn (N472bn) from the exportation of cocoa, rubber, and other non-oil commodities within the 2014 fiscal period, figures obtained from the Nigerian Export Promotion Council have revealed. The country’s export figure of $2.4bn for 2014, according to trade statistics from the NEPC, represents a decline of 19.19 per cent over the $2.97bn (N585bn) earned in the previous year. A breakdown of the non-oil receipts of $2.4bn showed that cocoa exports with a total amount of $666.45m accounted for the highest non-oil export earnings, followed by raw hides, skins and leather with $487.97m. Others are oil seeds, grains and plant/straw, amounting to $389.78m; aluminium, $113.35m; tobacco, $109.05m; tins, $96.32m; edible fruits and nuts, $75.24m; rubbers, $70.03m and footwear, $62.89m. The rest are copper, $59.6m; fish and crustaceans, $55.68m; plastics, $54.63m; lead, $46.65m; nickel, $27.35m; cottons, yarns and woven, $21.87m. In terms of country of destination, the NEPC document indicated that Netherlands, with a total amount of $456.96m, accounted for Nigeria’s highest non-oil export revenue. Others are ECOWAS, $350.8m; Italy, $344.21m; Japan, $211.25m; India, $209.4m; Turkey, $116.8m; Spain, $102.2m; Germany, $100.97m; China, $86.3m; Vietnam, $85.4m and the United States, $81.6m. Similarly, Nigeria’s total exports to South Korea stood at $74.2m in 2014; Hong Kong, $62.3m; Malaysia, $41.7m while Belgium, the United Kingdom and Canada stood at $39.6m, $39.5m and $29.7m, respectively. The Chief Executive Officer, NEPC, Mr. Olusegun Awolowo, said the agency had been at the forefront of the diversification of the Nigerian economy, adding that this had been further reinforced by the recent decline in the price of crude oil in the global market. While admitting that the drop in the price of oil had led to reductions in government revenue with pronounced negative effects on different sectors of the economy, he said that NEPC had identified 13 National Strategic Export Products to replace oil. The 13 products are palm oil, cocoa, cashew, sugar, rice, iron ore, metals, aluminium, and auto parts. Others are petroleum products, fertilizer/urea, petrochemicals and methanol. He said, “The expectations we have is to explore the possibility of investing in priority areas that we have highlighted. “We need to attract counterpart investments into priority areas by investors such as the agricultural sector. We need to fastback trade event information and we want to support capacity development for exporters.” He said the potential of the 13 products, which cut across key sectors of the economy would be maximised through investments, capacity development, innovation and formidable partnerships. http://www.punchng.com/business/nigeria- |
Re: Nigeria Earns N472bn From Cocoa, Others by Ghost01(m): 12:53am On Jul 26, 2015 |
Not an unwelcome news. There's the need to do more though. Hopefully the Abuja-straight state governments will focus more attention on cash crop production. And... It's nice to see "footwear" on the list. It tells that the Aba industry is going someplace. I hope Fayose is serious with his promise to send ndi Ekiti to obodo Aba to go and learn how to manufacture things. 3 Likes |
Re: Nigeria Earns N472bn From Cocoa, Others by PRYCE(m): 1:00am On Jul 26, 2015 |
The Masturbaters will swarm this thread now and say things like ' Buhari's bla bla bla starting to pay off' Just like they said he fixed our refineries within three week before their pay master came out to bust em lies! 1 Like |
Re: Nigeria Earns N472bn From Cocoa, Others by haul: 1:12am On Jul 26, 2015 |
Tooooooooo low for a country like nigeria! That's just 1.9billi dollars? Tooo small! There is arable land! All our governors are dumbfucicks!!!! Why will you expect money from the federal or borrow loan when you can generate money by investing to you agriculture,natural resources!? A state in nigeria will make times 4 of this if they are serious to work! Bleep you governors that keep piling loans for generation unborn! Borrowing loans to just pay salaries ! Inflating figure for project! Wahalaitahali koni dafun yin eyin gomina te baluje! Alele ilu yi koni gbeyin! They all blame the central! What do they do? Just sit down to command! Something a university student will do! Regionalism is the best way for the country to succeed! Let there be competition,you gain from what you've got! And to mend,opc,bh,massob fu-ck you all! All your kids don't grow! Yall think you will blow up pipelines? Fuccking blow it up! All the sw,se,nw,ne,nc,ss will all suffer it, if you think you harming the government! Nobody cares, nobody begs! Blow it will all goto starvation! Bokoharam continue blowing yall won't know peace until nobody cares,continue the pogrom e dey una body na una land! Continue raping and ritual in the west nobody is begging you! Rape your mamas and daughters buy the time we all done e go clear for all of us eye and go back to slavery on plantation to the white And to the secessionist in the east nobody cares! You free to declare we all gon suffer it! By the time you start the war and the europeans fuel the war to sell arms he go clear for all of us eye! Say we go dey learn for syria side! And nigeria if you still sleeping! Nobody cares you can snore! No expect we citizen to pour water for your face wake you up! Na your wahala! Na you go shame amongst your fellow sisters! GOOooodddd nnnniiiiigggghhhhttt! 1 Like |
Re: Nigeria Earns N472bn From Cocoa, Others by Nobody: 1:45am On Jul 26, 2015 |
kudos |
Re: Nigeria Earns N472bn From Cocoa, Others by Nobody: 4:52am On Jul 26, 2015 |
Agricultural developement was one area where the Great humble democrat GEJ invested so much in. We will keep enjoying its dividends for quite some time. I just hope that Bubu will not reverse or slow down the many successes made in the agricultural sector by the past administration. Masturbating Mastubators Over 1 Like |
Re: Nigeria Earns N472bn From Cocoa, Others by signz: 5:10am On Jul 26, 2015 |
One question I believe we should ask Is, how do we become exporters? This is d best time to become exporters because of the free fall of the Naira. We have importers thread here in Nairaland started by the likes of Elmatteo, Ymodulus, etc. But no one has been able to let us know how we can break into exportation business. Is it that there are no exporters in this forum? Please don't even mention the information marketers most of whom have not exported a pen from lagos to Ogun. Please if u r an exporter, Kindly help us out. Thanks 1 Like |
Re: Nigeria Earns N472bn From Cocoa, Others by egift(m): 5:13am On Jul 26, 2015 |
Good for Nigeria. God bless Nigeria. Sai Buhari. |
Re: Nigeria Earns N472bn From Cocoa, Others by ELTON123(m): 6:50am On Jul 26, 2015 |
Seun lalasticlala ishilove, Afam4eva, OAM4J, Ikenna351, obinoscopy,mogidi Move to fp |
Re: Nigeria Earns N472bn From Cocoa, Others by Demmocrats(m): 6:58am On Jul 26, 2015 |
Re: Nigeria Earns N472bn From Cocoa, Others by AshiwajuFoward: 7:17am On Jul 26, 2015 |
haul: That figure for Cocoa alone is actually $10billion, according to the former Agric minister. http://businessdayonline.com/2014/11/nigeria-exports-10bn-raw-cocoa-annually/#.VbR64IRwapV |
Re: Nigeria Earns N472bn From Cocoa, Others by AshiwajuFoward: 7:18am On Jul 26, 2015 |
ELTON123: That figure for Cocoa alone is actually $10billion, according to the former Agric minister Adesina. http://businessdayonline.com/2014/11/nigeria-exports-10bn-raw-cocoa-annually/#.VbR64IRwapV |
Re: Nigeria Earns N472bn From Cocoa, Others by englishmart(m): 7:21am On Jul 26, 2015 |
so can we do away with oil for now? 1 Like |
Re: Nigeria Earns N472bn From Cocoa, Others by Obinoscopy(m): 7:35am On Jul 26, 2015 |
ELTON123:https://www.nairaland.com/2477696/nigeria-earns-n472bn-cocoa-others 1 Like |
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