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-

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.

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!

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!

kudos

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

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

Good for Nigeria. God bless Nigeria. Sai Buhari.

Seun lalasticlala ishilove, Afam4eva, OAM4J, Ikenna351, obinoscopy,mogidi




Move to fp

haul:
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!

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

ELTON123:
Seun lalasticlala ishilove, Afam4eva, OAM4J, Ikenna351




Move to fp

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