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Nairaland Forum / Nairaland / General / Agriculture / What Is Nigeria's Biggest Agricultural Export Now? (29948 Views)
Come In For Genuine Foreign Buyers For Your Agricultural Export / Demystifying Mini And Agricultural Export / Nigeria Agricultural Export Has Reduced Drastically (2) (3) (4)
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Re: What Is Nigeria's Biggest Agricultural Export Now? by mariahAngel(f): 9:33pm On Jun 26, 2023 |
Biola67: Ads. It's usually products you've searched for, right? It's so on my end. |
Re: What Is Nigeria's Biggest Agricultural Export Now? by mariahAngel(f): 9:35pm On Jun 26, 2023 |
Cromagnon: Not all agricultural produce are for consumption. Some are raw materials. |
Re: What Is Nigeria's Biggest Agricultural Export Now? by Biola67: 9:38pm On Jun 26, 2023 |
mariahAngel:Yes.. crazy algorithm.. |
Re: What Is Nigeria's Biggest Agricultural Export Now? by Cmeo(m): 9:50pm On Jun 26, 2023 |
Trust me, our export is not so much a problem but our undying appetite for foreign goods. Those days when the economy was good, there was little or no appetite for foreign goods, so our foreign currency earnings then were with us and was not pursuing foreign goods, unlike now. 2 Likes 1 Share |
Re: What Is Nigeria's Biggest Agricultural Export Now? by mickyeddi(m): 9:53pm On Jun 26, 2023 |
A G B A D O ! |
Re: What Is Nigeria's Biggest Agricultural Export Now? by BreconHills(m): 10:08pm On Jun 26, 2023 |
mariahAngel: In one word - oil. Modified Add cotton and palm oil. In 1970's the naira was stronger than the pound. When I started work - my salary as a lawyer was 500 naira per month. My rent for a 3BR in Anthony was 3000 and a return ticket to the UK was 320-350 naira ( no thousands - three figures) We should have continued with agriculture and saved a large portion of our oil revenue as reserves as Norway did. But no, we increased salaries, built some infra ( good) paid salaries of civil servants in the west indies and supported freedom fighters and hosted all manner of international events. Population started drifting from rural areas yo the cities...agric production fell. The rest is history. 8 Likes 2 Shares |
Re: What Is Nigeria's Biggest Agricultural Export Now? by Bioboy1213(m): 10:24pm On Jun 26, 2023 |
Ihenzy:which country do you intend to export to ? You get a buyer first, agree on LC payment terms and make sure the LC is verified, lot of scammers out there, SGS verify and certifies the quality of the goods.... |
Re: What Is Nigeria's Biggest Agricultural Export Now? by OyinO: 10:29pm On Jun 26, 2023 |
What happened to domestic industries to process them into finished goods? Yeye people and con3 |
Re: What Is Nigeria's Biggest Agricultural Export Now? by cobby14(m): 10:42pm On Jun 26, 2023 |
Lol 😂 Ghana is second in Cocoa export and almost same with Gold. layovin: 1 Like |
Re: What Is Nigeria's Biggest Agricultural Export Now? by IJEYdiamond(f): 10:54pm On Jun 26, 2023 |
LegendHero: So Nigeria get Lobster..... wonderful... no be scam ni ![]() |
Re: What Is Nigeria's Biggest Agricultural Export Now? by Gerrard59(m): 3:07am On Jun 27, 2023 |
ednut1: The problem is that he was doing initial gra-gra without ensuring his country was open for investment. For instance, American companies are setting up factories in Ecuador because the government liberalised the sector. Two, the Ghanaian president went on a borrowing spree, employing lots of government workers and aides and building a big church using loans. He depended on high oil prices, as interest rates shot up and oil did not produce enough revenues as expected, everything collapsed. The Chinese don't consume chocolates like that, if not he should have paired with them. Even if the Chinese consumed it, Indonesia is closer than Ghana. 4 Likes |
Re: What Is Nigeria's Biggest Agricultural Export Now? by Gerrard59(m): 3:08am On Jun 27, 2023 |
Ihenzy: Export sesame seeds? |
Re: What Is Nigeria's Biggest Agricultural Export Now? by Orwasen: 3:31am On Jun 27, 2023 |
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Re: What Is Nigeria's Biggest Agricultural Export Now? by Ihenzy(m): 3:59am On Jun 27, 2023 |
Bioboy1213:I don't really know how the import and export market works but I will be willing to supply to someone who is into it. Trusted person though |
Re: What Is Nigeria's Biggest Agricultural Export Now? by ednut1(m): 4:58am On Jun 27, 2023 |
Gerrard59:just looks like the black man is bleeped. Can’t dictate or control trade 2 Likes 1 Share |
Re: What Is Nigeria's Biggest Agricultural Export Now? by IbeOkehie: 5:58am On Jun 27, 2023 |
OyinO: Natural2Heal: So WHY do Nigeria, Ghana and Ivory Coast choose to export raw cocoa? What is stopping them from processing and adding value in within their borders? Curious to know, it seems this should be a simple problem to solve. The technology is surely NOT new or difficult to copy. Build cocoa processing factories, make chocolate bars and powder and sell. This will also create so many jobs and tax revenue. I wish someone could explain the REASON why these countries export raw and import products made from the same raw products. Cmeo: So I'd like someone to explain WHY Nigerians prefer imported goods. Thanks in advance to ANYONE who can tackle these related subjects. 2 Likes |
Re: What Is Nigeria's Biggest Agricultural Export Now? by onuman: 6:00am On Jun 27, 2023 |
mariahAngel:From your first paragraph which excluded palm oil, the then greatest export earner for Nigeria, I dismissed the rest of your article as one from one of those ethnic bigots parasiting on proceeds from crude oil and gas deposits in the delta. |
Re: What Is Nigeria's Biggest Agricultural Export Now? by IbeOkehie: 6:06am On Jun 27, 2023 |
onuman: I think Nigeria is a net importer of palm oil now and has been for a long time. https://businessday.ng/agriculture/article/palm-oil-producers-drawn-to-dollars-amid-unmet-local-demand/#:~:text=Nigeria%20is%20the%20world's%20fifth,it%20has%20huge%20local%20demand. Nigeria is the world’s fifth-largest palm oil producer but is a net importer of the commodity as it has huge local demand. Thanks. |
Re: What Is Nigeria's Biggest Agricultural Export Now? by onuman: 6:08am On Jun 27, 2023 |
favor914: A hard drugs trader who America has in its records has been your political leader in Nigeria. Unfortunately, INEC allowed him contest presidential election; INEC also stole the presidential election on his behalf. |
Re: What Is Nigeria's Biggest Agricultural Export Now? by ozome15(m): 6:13am On Jun 27, 2023 |
Bioboy1213:please what is LC and SGS |
Re: What Is Nigeria's Biggest Agricultural Export Now? by onuman: 6:14am On Jun 27, 2023 |
IbeOkehie: Semi-illiterates everywhere. The poster mentioned the major products Nigeria exported back in the olden days but didn't include palm oil. |
Re: What Is Nigeria's Biggest Agricultural Export Now? by IbeOkehie: 6:17am On Jun 27, 2023 |
onuman: Oh, so it was about olden days. Sorry, I didn't notice that aspect of the comment. I just read yours and added my piece. Thanks. |
Re: What Is Nigeria's Biggest Agricultural Export Now? by Gerrard59(m): 6:17am On Jun 27, 2023 |
ednut1: We can't control/dictate because we no get money, but with China being wealthy, we now have a different market to sell our products. The problem, however, is that East and Southern African countries stand to benefit the most. 2 Likes 1 Share |
Re: What Is Nigeria's Biggest Agricultural Export Now? by IbeOkehie: 6:21am On Jun 27, 2023 |
Gerrard59: So could you explain WHY Nigeria still doesn't add value to it's cocoa locally and still imports lots of manufactured cocoa products? I don't think it's about controlled trade...that's my opinion. I think there's something else at work. Thanks. |
Re: What Is Nigeria's Biggest Agricultural Export Now? by RevenuesBoost(f): 6:26am On Jun 27, 2023 |
Agriculture is the best investment 1 Like 1 Share |
Re: What Is Nigeria's Biggest Agricultural Export Now? by Gerrard59(m): 6:43am On Jun 27, 2023 |
IbeOkehie: The same could be said of Ghana and Ivory Coast. These chocolate firms generate money because they spend a lot on marketing. It is like Nike or Adidas - make the shoes somewhere in China, and sell them in the West at high prices due to marketing. Two, the major consumers are Westerners, and the companies selling chocolates are theirs. So it won't be easy to disrupt the system. This is unlike electric vehicles, where China is a major consumer, so she can engineer homegrown EV companies. Since Africans don't consume chocolates like Westerners and the major companies are in the West, the best alternative is to sell to rich Asians - Japanese, Chinese and South Koreans. Also, target Emiratis and Indians. Another alternative is to encourage private investors to establish companies semi-processing cocoa. The final production takes place in the West. Ednut mentioned having constant electricity to preserve it in good condition. That is another issue. But then, compared to cassava where the West does not participate, Thailand is the major exporter of value-added products, not Nigeria, which is by far the biggest producer globally. That is where successive governments have to support the private sector to add value to it because the Thai folks did the same thing. The major advantage the Thai enjoy is proximity to China - the major consumer of products derived from cassava. Companies are doing the same in Nigeria, but there is so much work to be done. But it is way easier than upsetting the West in chocolate manufacturing. Palm oil is also a case study - we don't have homegrown companies like Wilmar and Sime Darby, which dominate the industry, even though it is said that Malaysia built their industry with oil palm seeds from Nigeria. The major companies behind palm oil production in Nigeria are dominated by foreigners - Europeans, especially Belgians and South East Asians (Malaysians, Thais and Indonesians). In conclusion, Nigerians are not really as good at long-term entrepreneurship as we claim to be. 6 Likes 1 Share |
Re: What Is Nigeria's Biggest Agricultural Export Now? by onuman: 7:13am On Jun 27, 2023 |
IbeOkehie:Now you have confessed your sins, pardon. But next time read first and understand a post before making comments. |
Re: What Is Nigeria's Biggest Agricultural Export Now? by imagrg(m): 7:34am On Jun 27, 2023 |
Yahoo! |
Re: What Is Nigeria's Biggest Agricultural Export Now? by imagrg(m): 7:34am On Jun 27, 2023 |
Yahoo! ![]() |
Re: What Is Nigeria's Biggest Agricultural Export Now? by Bioboy1213(m): 7:38am On Jun 27, 2023 |
Ihenzy:I will advice you deal with reputable companies if that's the case, e g Valency international Ltd and many more, can put you through anytime you ready. |
Re: What Is Nigeria's Biggest Agricultural Export Now? by Uten9z(m): 7:41am On Jun 27, 2023 |
favor914: Nigeria was deceive to become gaint of Africa because it forfeited its other sector to allow them strive. It's wasn't abt size |
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