Food sub-sector dominates Nigeria’s $3bn non-oil exports

[Trade facilitator]

The food and allied products sub-sector dominated the $2.97 billion Nigeria’s non-oil exports in 2013, BusinessDay research has shown.

“Cocoa and cocoa preparations have continued to dominate the top 10 products exported from Nigeria to different parts of the world,” said the Nigerian Export Promotion Council (NEPC), headed by Olusegun Awolowo, in a recent release to BusinessDay, during the interactive session between the NEPC and the Manufacturers Association of Nigeria Export Promotion Group (MANEG).

Of the total non-oil exports within the year, earnings from cocoa and its preparations amounted to $758.64 million, thus occupying 26 percent of the total, data from the NEPC show.

The data further revealed the pack to include sheep, goat skin and leather, sesame seeds, rubber, tobacco products and milk products. Other non-oil product exports within the period included cashew nuts and edible nuts, prawn, shrimps, fish and crustaceans, tobacco products, noodles and biscuits, milk products, beverages, tomato paste, fruit juice, among others.

Source: businessdayonline.com/2014/08/food-sub-sector-dominates-nigerias-3bn-non-oil-exports