Nigeria earns N289.3bn from export of 10 Agric produce – NBS
 Posted Date : 2020-08-12

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.

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

Giving the breakdown of Nigeria’s top agricultural exports and top destination countries, Sesame 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 % of the top 10 agricultural products. However, top destinations for the product include Japan, China, Turkey, India and Vietnam.

For cocoa beans, 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% of the top agricultural exports.  While its top destinations include Germany, Netherlands, Spain, Indonesia, Belgium, Malaysia and Estonia.  

Meanwhile, cashew nuts are Nigeria’s 3rdbiggest 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 as well as the Netherlands.





Daily Sun, August 10, 2020