Post by Trade facilitator on May 8, 2014 12:10:47 GMT 1
Nigeria’s non-oil exports for which total earnings in 2013 was largely driven by agricultural raw materials, are further putting a spotlight on the vital manufacturing sector.
It also exposes gaps in availability of value-adding firms that will maximise the diverse and enormous raw materials in the country.
The 2013 non-oil exports data obtained from the Nigerian Export Promotion Council (NEPC) showed that the total earnings by end of 2013 were $2.97 billion.
Of the total non-oil exports within the year, earnings from cocoa and its preparations amounted to $758.64 million. This implies that the agricultural commodity made up 26 percent of the total non-oil exports within the year, which is over one-quarter of the total.
NEPC data revealed that this was followed by sheep, goat skin and leather, sesame seeds, aluminium, rubber, tobacco products, cotton yarn and woven fabrics. Also on the list were copper, cashew nuts, edible nuts, prawns, shrimps, fish and crustaceans.
A closer look at the items listed above shows that apart from leather, aluminium, rubber, tobacco products, and cotton yarn and woven fabrics, others are agricultural products, some of which serve as raw materials for manufacturing firms in countries where they are exported to.
For instance, the International Cocoa Organisation (ICO) says cocoa is used in many beverage companies in the production of soft and alcoholic drinks, chocolates and in soap manufacture (potash from cocoa pod husk).
Manitoba Goat Association, Canada, revealed that goat skin can be used as leather for shoes and bags manufacturing. Goat milk soap, paint, candles (from goat tallow), beer, among others, can also be made from goats. Sesame oil is produced from sesame seeds. It often serves as cooking oil and flavour enhancer in Asian countries, particularly South-East Asia.
Umesh Rudrappa, technical specialist at Mind Tree Limited, a health firm, confirmed that oil cereal seeds are used in manufacture of drugs and are sources for some phyto-nutrients such as omega-6 fatty acids, flavonoid phenolic anti-oxidants, vitamins and dietary fiber with potent anti-cancer. Prawns can be eaten as well as used in food industries.
Science Daily confirms that in many Asian countries, shrimp waste is converted to chitosan, a commercially valuable compound with a myriad of applications ranging from use as a biopesticide to biomedical solutions in tissue engineering, non-viral gene delivery and enzyme immobilisation.
A European Union (EU)-funded research project called ChiBio is planning to convert crustacean shell waste into basic building blocks, or monomers, which would serve as precursors for plastics industries. Current industry standards rely on petroleum-based sources to produce these materials. Though cashew nuts are eaten as snacks in some countries, they are used in fruits production.
Source: businessdayonline.com/2014/05/nigerias-non-oil-exports-expose-weak-manufacturing-sector/#.U2tlrRg1h1s
It also exposes gaps in availability of value-adding firms that will maximise the diverse and enormous raw materials in the country.
The 2013 non-oil exports data obtained from the Nigerian Export Promotion Council (NEPC) showed that the total earnings by end of 2013 were $2.97 billion.
Of the total non-oil exports within the year, earnings from cocoa and its preparations amounted to $758.64 million. This implies that the agricultural commodity made up 26 percent of the total non-oil exports within the year, which is over one-quarter of the total.
NEPC data revealed that this was followed by sheep, goat skin and leather, sesame seeds, aluminium, rubber, tobacco products, cotton yarn and woven fabrics. Also on the list were copper, cashew nuts, edible nuts, prawns, shrimps, fish and crustaceans.
A closer look at the items listed above shows that apart from leather, aluminium, rubber, tobacco products, and cotton yarn and woven fabrics, others are agricultural products, some of which serve as raw materials for manufacturing firms in countries where they are exported to.
For instance, the International Cocoa Organisation (ICO) says cocoa is used in many beverage companies in the production of soft and alcoholic drinks, chocolates and in soap manufacture (potash from cocoa pod husk).
Manitoba Goat Association, Canada, revealed that goat skin can be used as leather for shoes and bags manufacturing. Goat milk soap, paint, candles (from goat tallow), beer, among others, can also be made from goats. Sesame oil is produced from sesame seeds. It often serves as cooking oil and flavour enhancer in Asian countries, particularly South-East Asia.
Umesh Rudrappa, technical specialist at Mind Tree Limited, a health firm, confirmed that oil cereal seeds are used in manufacture of drugs and are sources for some phyto-nutrients such as omega-6 fatty acids, flavonoid phenolic anti-oxidants, vitamins and dietary fiber with potent anti-cancer. Prawns can be eaten as well as used in food industries.
Science Daily confirms that in many Asian countries, shrimp waste is converted to chitosan, a commercially valuable compound with a myriad of applications ranging from use as a biopesticide to biomedical solutions in tissue engineering, non-viral gene delivery and enzyme immobilisation.
A European Union (EU)-funded research project called ChiBio is planning to convert crustacean shell waste into basic building blocks, or monomers, which would serve as precursors for plastics industries. Current industry standards rely on petroleum-based sources to produce these materials. Though cashew nuts are eaten as snacks in some countries, they are used in fruits production.
Source: businessdayonline.com/2014/05/nigerias-non-oil-exports-expose-weak-manufacturing-sector/#.U2tlrRg1h1s
