{"id":18730,"date":"2021-04-07T21:30:05","date_gmt":"2021-04-07T20:30:05","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=18730"},"modified":"2021-04-07T21:30:05","modified_gmt":"2021-04-07T20:30:05","slug":"nigeria-generated-150m-from-coconut-oil-in-2020-minister","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/04\/07\/nigeria-generated-150m-from-coconut-oil-in-2020-minister\/","title":{"rendered":"Nigeria generated $150m from coconut oil in 2020 \u2014 Minister"},"content":{"rendered":"<p>Minister of Agriculture and Rural Development, Sabo Nanono, says Nigeria generated 150 million dollars from the export of coconut oil and its derivatives in 2020.<\/p>\n<p>Nanono said this on Wednesday during the training of coconut farmers organised by the Federal Ministry of Agriculture and Rural Development (FEMARD) in collaboration with Nigerian Institute for Oil Palm Research (NIFOR) in Benin.<\/p>\n<p>The minister, represented by Mr Bernard Ukattah, Deputy Director, FEMARD, said that coconut was a major non-oil export foreign exchange earner for Nigeria.<\/p>\n<p>He explained that coconut provided livelihood for more than 500,000 families, mostly women and youths in the country.<\/p>\n<p>Nanono noted that coconut accounted for 10 per cent of the nation\u2019s agricultural exports, adding that it was expected to generate more than 250 million dollars by 2021.<\/p>\n<p>\u201cAs a result of the awareness of its value and degree of uses, Nigeria has in recent times, increased the volume of production of coconut to average of 250,000 metric tonnes per annum.<\/p>\n<p>\u201cIn 2016, Nigeria produced 283,774 metric tonnes and the demands for the crop have been on the increase, growing upwards to more than 500 per cent in the last decade.<\/p>\n<p>\u201cAvailable data show that coconut is grown in 22 states of the country with Lagos being the largest producer.<\/p>\n<p>\u201cOther major producing states include Ogun, Ondo State, Edo, Delta, Akwa-Ibom, Rivers, Cross Rivers, Imo and Benue among others,\u201d he said<\/p>\n<p>According to Nanono, President Muhammadu Buhari is committed to revamping the agricultural sector by supporting farmers and empowering women and youths through capacity building.<\/p>\n<p>Also speaking, the Acting Executive Director of NIFOR, Dr Celestin Ikuenobe, said coconut was an exotic crop not being developed in the state like Oil palm.<\/p>\n<p>Ikuenobe said: \u201cI am happy that the ministry is trying to develop coconut because it is a very important tree crop in <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/04\/07\/pib-will-end-blame-game-in-oil-and-gas-sector-says-nigerias-minister-sylva\/\" target=\"_blank\" rel=\"noopener\">Nigeria<\/a>.<\/p>\n<p>\u201cOur work here is to research into crops and come out with the best varieties for maximum yield.<\/p>\n<p>\u201cOil palm is our major crop, coconut, date palm, Raphia and shell all came later in 1964\u201d.<\/p>\n<p>According to him, NIFOR carries out research on very important crops in Nigeria to create wealth for the country and create opportunities for people to invest in those crops to earn a living.<\/p>\n<p>Mr Kelvin Uwaibi, the head of Edo Investment Promotion Office, said coconut had shown potential benefits in the value chain.<\/p>\n<p>\u201cCoconut production is a new area that has shown significant benefits for farmers that want to go into it.<\/p>\n<p>\u201cIt is a new area which we are quite interested in because it has shown potential in tree crop value chain .<\/p>\n<p>\u201cFor us, coconut has shown innovation because it can put food on the table and expand the economy.<\/p>\n<p>\u201cWe are here because we want to work with different stakeholders to look at the opportunities in coconut.<\/p>\n<p>\u201cAs you are already aware, commercially, we are already promoting oil palm and rubber in the state, so coconut is also something we are interested in,\u201d Uwaibi said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minister of Agriculture and Rural Development, Sabo Nanono, says Nigeria generated 150 million dollars from the export of coconut oil and its derivatives in 2020. Nanono said this on Wednesday during the training of coconut farmers organised by the Federal Ministry of Agriculture and Rural Development (FEMARD) in collaboration with Nigerian Institute for Oil Palm [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":18731,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[801,4924,4923,303],"class_list":["post-18730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-agriculture","tag-alhaji-sabo-nanono","tag-coconut-oil","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria generated $150m from 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