Nigeria Garnered Over $150m from Coconut Oil Export in 2020- Agriculture Minister

The Minister of Agriculture and Rural Development, Mr. Sabo Nanono has said that in 2020, Nigeria realised about $150 million from the export of coconut oil and its derivatives.

Mr. Nanono made this known on Wednesday in Benin, the Edo State capital, during a training course organised for coconut farmers by the Ministry in collaboration with the Nigerian Institute for Oil Palm Research.

The Minister of Agriculture.

The Minister was represented by Bernard Ukattah, a deputy director at the Federal Ministry of Agriculture and Rural Development.

He said, “As 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 tons per annum.”

“In 2016, Nigeria produced 283,774 metric tons and the demand for the crop has been on the increase growing upwards to over 500 per cent in the last decade. Available data shows that coconut is grown in 22 states of the country with Lagos being the largest producer.”

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

On his part, Dr Celestin Ikuenobe, the Executive Director of NIFOR urged the farmers present to take advantage of the training for optimum yield.

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