General news

Nigeria generates $150m from coconut oil



By Nefishetu Yakubu

Agriculture and Rural Development Minister Sabo Nanono said Nigeria generated $ 150 million from the export of coconut oil and its derivatives in 2020.

Nanono said this on Wednesday during the training of coconut producers organized by the Federal Ministry of Agriculture and Rural Development (FEMARD) in collaboration with the Nigerian Institute for Oil Palm Research (NIFOR) in Benin. .

The Minister, represented by Mr. Bernard Ukattah, Deputy Director of FEMARD, said that coconut was one of the main sources of non-oil foreign exchange for Nigeria.

He explained that the coconut provided livelihoods for more than 500,000 families, mainly women and young people in the country.

Nanono noted that coconut made up 10% of the country’s agricultural exports, adding that it is expected to generate more than $ 250 million by 2021.

“Due to the awareness of its value and extent of use, Nigeria has, in recent times, increased the volume of coconut production to an average of 250,000 metric tons per year.

“In 2016 Nigeria produced 283,774 metric tonnes and demand for the crop has increased, reaching over 500 percent in the past decade.

“Available data shows that coconut is grown in 22 states across the country, with Lagos being the largest producer.

“Other major producing states include Ogun, Ondo State, Edo, Delta, Akwa-Ibom, Rivers, Cross Rivers, Imo and Benue, among others,” he said.

According to Nanono, President Muhammadu Buhari is committed to reorganizing the agricultural sector by supporting farmers and empowering women and youth through capacity building.

Also speaking, NIFOR Acting Executive Director Dr Celestin Ikuenobe said coconut was an exotic crop that was not developed in the state like oil palm.

Ikuenobe said, “I am happy that the ministry is trying to develop coconut as it is a very important tree crop in Nigeria.

“Our job here is to research the crops and come up with the best varieties for maximum yield.

“Oil palm is our main crop, coconut, date palm, raffia and shell all arrived later in 1964”.

According to him, NIFOR is researching very important crops in Nigeria in order to create wealth for the country and create opportunities for people to invest in these crops for a living.

Mr. Kelvin Uwaibi, head of Edo’s investment promotion office, said coconut has shown potential benefits in the value chain.

“Coconut production is a new area that has shown significant benefits for farmers who want to get started.

“This is a new area that interests us a lot because it has shown potential in the tree crops value chain.

“For us, coconut has been innovative because it can put food on the table and grow the economy.

“We’re here because we want to work with different stakeholders to look at the opportunities for coconut.

“As you already know, commercially we are already promoting palm oil and rubber in the state, so coconut is also something that interests us,” Uwaibi said. (NOPE)


Short Link:


NNN: :is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]

Africa performs nearly 42 million COVID-19 tests – Africa CDC Abuja Master Plan Almost Completed – Official SEC accuses traders of frustrating electronic dividend registration EU condemns terrorist attack on Damasak, says humanitarian crisis looms Sub-Saharan Africa needs 245 billion dollars in external financing in 5 years – IMF NANNM seeks better wellness program for nurses Minister FCT honors traffic controller The FG reconstitutes the boards of directors of NABTEB, NSSEC SEC accuses traders of frustrating electronic dividend registration Correctional center controller recommends amnesty for some inmates Society defines May 5 as National Bible Day SEC instructs CMOs to update investor information Coronavirus – Zambia: COVID-19 update (April 14, 2021) FG distributes inputs to 7,500 women farmers Intelligence gathering is key to resolving insurgency -GOC Coronavirus – Namibia: COVID-19 update (April 14, 2021) More than one million confirmed COVID-19 deaths in Europe – WHO Broadband is crucial for Nigeria’s economic growth – Osinbajo Coronavirus – Malawi: COVID-19 update (April 14, 2021) How 24 private companies dump garbage in Kaduna every day Coronavirus – Eritrea: Announcement from the Ministry of Health (April 14, 2021) Coronavirus – Nigeria: COVID-19 update (April 14, 2021) Retailers, Others List Factors Affecting Cement Prices Cement We can’t say when the second hits of COVID-19 will arrive – Africa CDC Coronavirus – Ethiopia: COVID-19 update (April 14, 2021) Buhari returns to Abuja after medical check-up Governor of Kano, others reconcile Dangote and BUA on a candy Coronavirus – South Africa: COVID-19 update (April 14, 2021) NPA suspends ETO ticket at APM terminal Lawmaker lists obstacles to women’s empowerment Cooking gas prices rise in March – NBS AWF and Best Nature Photography announce call for nominations for Benjamin Mkapa African Wildlife Photography Awards Minister apologizes to Nigerians for power outages British Queen enters debate over Philip’s funeral outfits Police deploy 17,500 for LG Rivers election Russia, Ukraine hold military exercises, NATO responds FG reacts to location of Twitter’s African headquarters in Ghana German Constitutional Court drops controversial Berlin rent ceiling Coronavirus – Kenya: COVID-19 update (April 14, 2021) Buhari saddened by killing of soldiers in Bénoué, says Magashi Edo 2020 release: Okowa congratulates the Delta team Residents of Kano and Katsina accuse manufacturers of cement price Coronavirus – Rwanda: COVID-19 update (April 14, 2021) Greece lifts quarantine requirement for tourists NAFDAC impound vehicle loaded with unhealthy drugs and vaccines Afghanistan respects US troop withdrawal – Presidential Aid Stepping up vigilance as Africa deploys COVID-19 vaccines NOA to organize youth summit in Bauchi state IG dissolves surveillance units in Lagos, Port Harcourt NSF: Why I took Naija Ratels FC to Benin – Edeh