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Nairaland Forum / Nairaland / General / Politics / Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). (1765 Views)
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Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by MetaPhysical: 5:52am On May 05, 2020 |
Cocoa sells for over $2,000 per metric tonne but is not harvested daily. Oil on the other hand is mined daily and sells for between $15 and $28 per barrel, thus ranks higher than cocoa in revenue generation. Nigeria is the 4th largest producer of Cocoa in the world. Nigeria is 15th oil producer in the world by output. The largest cocoa producing state in Nigeria is Ondo. Other leading producing states are Ogun, Ekiti, Osun, Edo, Akwa Ibom. When taken together, both Ondo and Akwa Ibom produce Cocoa and Oil, these two should be the richest states in Nigeria, outside Lagos which earns income aggressively through port duties and commerce. Gold sells for $1,657 per ounce. There are gold deposits in Nigeria but its exploration and mining is not managed and so we are not on the world production list. 7 Likes |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by Ereolamide: 8:35am On May 05, 2020 |
The discovery of oil stunted the growth of cocoa driven economy of ondo state and southwest at large, till date cocoa farming is the 2nd mainstay of ondo state, except from corrupt politicians, cocoa farmers are among the well-to-do in ondo, more should be done to help farmers in the state. Take note that agriculture is very tedious, youth prefer white collar jobs to laboring in the sun, oil is easier to exploit and its needed in almost every country of the earth. 3 Likes |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by Sammy07: 8:38am On May 05, 2020 |
Thank God say, I still get one unused land in Ore. Make I go prepare for planting. Cocoa just usually take long b4 e grow. 2 Likes |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by sweetsell: 8:43am On May 05, 2020 |
How come the jews are yet to infect this thread ? 4 Likes |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by orisa37: 9:19am On May 05, 2020 |
ADD COCOA DRINK AT NINE TO YOUR COVID19 VACCINES. YOU WILL BE GLAD YOU DO. |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by mrvitalis(m): 9:27am On May 05, 2020 |
If at this point we still export cocoa means we are just dumb Ivory coast earned 2.6 billion dollars fr cocoa in one year ... Nestle earns 26 billion dollars from chocolate .....we should be the number importer of cocoa in the world n top exporter of chocolates in the world 4 Likes |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by adadike(f): 9:33am On May 05, 2020 |
Make I balance here. This thread seems interesting |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by MetaPhysical: 12:36am On May 06, 2020 |
mrvitalis: That was the same approach we took with importing crude oil to refine and resell. See where it has landed us. There is a cocoa production plant in Ede, Osun State. We should put tarriff on foreign chocolate and cocoa products so our locally produced brands can make money. 1 Like |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by LarryBee1k: 12:45am On May 06, 2020 |
U 4 Likes |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by Southwest2023: 1:09am On May 06, 2020 |
It's really sad that southeast are not in any way useful to Nigeria...this people are not bring anything to the table...yet they are shouting biafra republic...how do you want to survive when you are finally get your biafra. Anyway their elites don't support their stupidity Because they know that nothing is on ground. Nobody own you guys down...if your elites support your struggle you will definitely get your own country. Yoruba people supposed to be the one threatening the unity of Nigeria that other tribes get worry not you igbo. 4 Likes |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by Kyase(m): 2:42am On May 06, 2020 |
Southwest2023:dem no talk una start to talk about them, wetin join dem come this thread now 3 Likes |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by Proudlyngwa(m): 7:15am On May 06, 2020 |
mrvitalis: What is stopping you as a person to import the cocoa , process it and then export chocolate |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by princemillla(m): 8:07am On May 06, 2020 |
Nigeria hate diversification infact anything done under the diversification of our economy is false ND pretence. The money from the oil Don sweet their belle. If Na lie check the kind attention they r giving to non oil sector 1 Like |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by temptnow: 8:11am On May 06, 2020 |
MetaPhysical: yes, only in your dreams. Ghana and Ivory Coast have form cartel on cocoa industry, and they're doing everything to protect it like warriors. Federal government is not intrested in cocoa again 1 Like |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by Aidlyfe: 8:31am On May 06, 2020 |
Southwest2023: Lol. Afonja 1 Like |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by Nobody: 8:36am On May 06, 2020 |
They have to make cocoa farming lucrative so that the youths will take it up. |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by Gandollar(f): 8:36am On May 06, 2020 |
MetaPhysical:After tariff, the farmers should be aggressively supported like rice and animal farmers. Nigeria should be a force in the chocolate industry! The state governors should take the lead or is cocoa on the exclusive list? |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by Gandollar(f): 8:41am On May 06, 2020 |
Southwest2023:Oh puleeeese stuff it where the sun don't shine! Allow them to go. Start by initiating a serious discussion about it with them, not this morbid fear ravaging through your system. If they go and discover they can't survive, shebi they will run back to you that has everything for support and you will earn more revenue for your country. So why are you Wailing? 1 Like |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by MetaPhysical: 9:14pm On May 06, 2020 |
Southwest2023: Wallahi! Oil we get Cocoa we get Gold we get Ports we get. Refinery is under construction. Yoruba should be the one harrassing everyone else and ontop of the harrassment we get whatever we demand. Our accomodation of the whole is ancestral. Our leaders today do not want to deviate from principles and philosophies of living that benefitted our past and continues today to benefit us. To continue getting the benefit in future we must adhere to those principles, however dire and deeply offensive it is. Imagine Sanusi Lamido for instance. Same person that said Yorubas are the problem of Nigeria.....when problem of Ganduje visited him where did he run for cover? Yorubaland. Ibo said Lagos is no man's land but when election palava visisted them in Oshodi and Ikotun and they were caught on video stoning a Yorubaman what did they do? They called on Yoruba elders to intervene and calm street boys. We are dominant...but we dont dominate! 5 Likes |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by Sammy07: 12:28am On May 07, 2020 |
mrvitalis: In addition to what metaphysical said. You've never been to Ondo, there are cocoa factories, where it is been turned to Chocolate. , 1in Oke igbo, 2 In Ondo City, I think there are some in Ore, Okitipupa and Akoko side. This are the ones In Akure Olam Coop Cocoa Factory, Plantation Industries Limited Centre for Cocoa Development Initiative Stanmark Cocoa Processing Company Ltd We also have Oluji Pure Cocoa Powder Oda Single Estate Chocolate Bars. Sunshine Chocolate Factory,Alade Idanre can't remember all, all in Ondo State 5 Likes |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by helinues: 12:46am On May 07, 2020 |
mrvitalis: Heh heh, so you knew how to generate money from cocoa? And we still have other agricultural products to.. Our present leaders are not creative at all |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by mrvitalis(m): 2:12am On May 07, 2020 |
helinues:The only way to generate money from agriculture is tax 2 Likes |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by totit: 2:37am On May 07, 2020 |
MetaPhysical: This, the bolded is DEEP! I dey feel mehn!!! 2 Likes |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by ItooWorWor(m): 7:57am On May 07, 2020 |
Southwest2023:Bro, please let them be. |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by ItooWorWor(m): 8:00am On May 07, 2020 |
Sammy07:Wow! Intresting 1 Like |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by 9japride(m): 8:27am On May 07, 2020 |
Southwest2023:[color=#006600][/color] Since South East don't earn much, leave them to go their separate way or are you not tired of feeding them? That's how you guys lie that Nigeria is not dependent on oil. That cocoa revenue will be shared equally amongst all the states of the federation. |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by Yorubaskullmine: 8:42am On May 07, 2020 |
Some south waaste dogs cannot breath without mentioning their Lords from the East. I tire for this race. 2 Likes |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by Beautifulminde3: 9:07am On May 07, 2020 |
MetaPhysical:You started please can you tell me what Nigeria earned in Cocoa last year, Osun state ranked very poor in Agriculture, services contributed more to GDP than Agriculture. |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by Beautifulminde3: 9:13am On May 07, 2020 |
MetaPhysical: Sesame oil and its fraction made the top 10 agricultural export you guys should stop fooling yourselves |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by Beautifulminde3: 9:22am On May 07, 2020 |
Sesamum seeds have remained Nigeria’s biggest earner of all agricultural exports. The four major states that produce this commodity in Nigeria are Taraba, Jigawa, Nasarawa and Benue. 1 Like |
Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by Sammy07: 9:33am On May 07, 2020 |
Beautifulminde3:After Sesamum seeds is what? Look at the chart below. Most of them are from SW.
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Re: Cocoa, Highest Income Earner For Nigeria, After Oil Products (crude & Gas). by Beautifulminde3: 9:40am On May 07, 2020 |
Sammy07: So you agreed Sesamum is top agro export, so why didn't the dumb brain didn't research before opening this thread? Services contributed to gdp than Agriculture and industry 2 Likes 1 Share |
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