Post by Trade Coach on Sept 28, 2019 12:00:57 GMT 1
It is no news that Nigeria is always ranking at the 1th to 10th position in cash crops production in the whole world.
Despite our below the average performance in Agriculture, Nigeria is still seen among the first 10 in the list, this means it will be very easy to pick up and rank number one in all aspect of agriculture. Nigeria is quite blessed with a lot of cash crops that are either used as a means of foreign exchange (exported) or consumed locally.
Presented below are the 10 Most Profitable Cash Crops In Nigeria.
COCOA:
Cocoa was a major source of fund for the Nigerian economy. Nigeria is the 4th largest producing country of cocoa product in Africa and it is the 3rd largest Africa exporter of the crop. Cocoa seeds are used in industries to produce cocoa butter that are turned into chocolates that are converted through grounding to produce beverages.
Cocoa producing states in Nigeria include Edo, Osun, Oyo and Ondo.
OIL PALM:
All the parts of Oil Palm have various uses, this makes oil palm a very profitable cash crop. It is grown in places like, Delte, Cross rivers, Edo, Bayalsa, Ogun State and some others.
COTTON:
Cotton Crop also used to be one of our major sources of foreign exchange as it was yielding good revenue for the country then through exportation. Cotton still maintains a position as one of the most profitable cash crops in Nigeria.
Cotton are grown in the Northern and the Southern part of the country in places like Kwara, Sokoto, Zamfara, Oyo, Ondo and many others State.
CASSAVA:
Nigeria is considered the largest exporter of cassava in the whole of Western African. The main cassava producing state in Nigeria are Taraba, Delta, Imo, Kogi, Anambra, Kogi, Enugu, Ondo.
COFFEE:
States like Bauchi, Kwara, and Osun are good cultivators of Coffee crop in Nigeria.
RUBBER:
Rubber is harvested as a liquid called latex from the para rubber tree. The latex is gotten from the tree through an opening on the bark of the tree that is made by cutting of the tree.
The collected latex are processed into dry forms so as to be able to market them. It has be proven that rubber tree can produce for over 3 years if it is well taken care of and handled.
KOLANUT:
Despite the fact that Nigeria is ranked as the number one in the production of kolanut, we only export 10% to other countries. Ogun, Kwara, and Osun States are widely producers of kolanut in Nigeria.
GROUNDNUT:
Groundnut is regarded as a profitable cash crop because its entire products are useful and it is one of the major sources of edible oil in the world. Groundnut is grown in places like Kano, Kaduna, Adamawa, Bauchi.
TOBACCO:
Tobacco is widely cultivated in some states in Nigeria like Osun, Sokoto, Kwara and Oyo State. The export of this crop is highly profitable.
CASHEW:
Cashew is widely consumed and it is grown in places like Imo, Enugu, Abuja, Niger and kwara. Cashew nut are packaged and exported to other countries, the cashew apple are used to make cashew juice or drinks.
Despite our below the average performance in Agriculture, Nigeria is still seen among the first 10 in the list, this means it will be very easy to pick up and rank number one in all aspect of agriculture. Nigeria is quite blessed with a lot of cash crops that are either used as a means of foreign exchange (exported) or consumed locally.
Presented below are the 10 Most Profitable Cash Crops In Nigeria.
COCOA:
Cocoa was a major source of fund for the Nigerian economy. Nigeria is the 4th largest producing country of cocoa product in Africa and it is the 3rd largest Africa exporter of the crop. Cocoa seeds are used in industries to produce cocoa butter that are turned into chocolates that are converted through grounding to produce beverages.
Cocoa producing states in Nigeria include Edo, Osun, Oyo and Ondo.
OIL PALM:
All the parts of Oil Palm have various uses, this makes oil palm a very profitable cash crop. It is grown in places like, Delte, Cross rivers, Edo, Bayalsa, Ogun State and some others.
COTTON:
Cotton Crop also used to be one of our major sources of foreign exchange as it was yielding good revenue for the country then through exportation. Cotton still maintains a position as one of the most profitable cash crops in Nigeria.
Cotton are grown in the Northern and the Southern part of the country in places like Kwara, Sokoto, Zamfara, Oyo, Ondo and many others State.
CASSAVA:
Nigeria is considered the largest exporter of cassava in the whole of Western African. The main cassava producing state in Nigeria are Taraba, Delta, Imo, Kogi, Anambra, Kogi, Enugu, Ondo.
COFFEE:
States like Bauchi, Kwara, and Osun are good cultivators of Coffee crop in Nigeria.
RUBBER:
Rubber is harvested as a liquid called latex from the para rubber tree. The latex is gotten from the tree through an opening on the bark of the tree that is made by cutting of the tree.
The collected latex are processed into dry forms so as to be able to market them. It has be proven that rubber tree can produce for over 3 years if it is well taken care of and handled.
KOLANUT:
Despite the fact that Nigeria is ranked as the number one in the production of kolanut, we only export 10% to other countries. Ogun, Kwara, and Osun States are widely producers of kolanut in Nigeria.
GROUNDNUT:
Groundnut is regarded as a profitable cash crop because its entire products are useful and it is one of the major sources of edible oil in the world. Groundnut is grown in places like Kano, Kaduna, Adamawa, Bauchi.
TOBACCO:
Tobacco is widely cultivated in some states in Nigeria like Osun, Sokoto, Kwara and Oyo State. The export of this crop is highly profitable.
CASHEW:
Cashew is widely consumed and it is grown in places like Imo, Enugu, Abuja, Niger and kwara. Cashew nut are packaged and exported to other countries, the cashew apple are used to make cashew juice or drinks.