The Minister of Agriculture and Rural Development, Sabo Nanono, has disclosed that Nigeria generated $150 million from the export of coconut oil and its derivatives in 2020.
He also disclosed that coconut accounts for 10 percent of the nation’s agricultural exports and is expected to generate about $250 million by 2021. Nanono made this known during the training of coconut farmers organised by the Federal Ministry of Agriculture and Rural Development(FEMARD) in collaboration with the Nigerian Institute for Oil Palm Research (NIFOR) in Benin. Represented by Mr. Bernard Ukattah, Deputy Director, FEMARD, Nanono said coconut was a major non-oil export foreign exchange earner for Nigeria which provides livelihood for over 500, 000 families mostly women and youths in the country…
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