Nigeria’s biggest agricultural export is full of beans
Nigeria is the fourth-largest producer of cocoa beans in the world, behind Côte d’Ivoire, Ghana and Indonesia. After petroleum, cocoa is the country’s most important export – before independence, cocoa generated 90% of Nigeria’s foreign exchange earnings. Eclipsed these days by oil as the country’s major export, Nigeria still produces 300’000-350’000 tonnes of cocoa a year, most destined for consumption abroad – the country exports about 96% of its cocoa crop. Cocoa exports for October-March 2009/10 were up 31% on the previous year, helped by good weather conditions and improved quality in stock in the growing regions.
Friday 12 September 2014
AGRICULTURE OVERVIEW IN NIGERIA
Reinvigorating agriculture is a priority of the Nigerian government
Agriculture contributed 41.84% to Nigeria’s GDP in 2009, and the sector employs around 70% of the workforce. The main agricultural goods produced are yams, cassava, peanuts, millet, sorghum, rice, maize, okra, cocoa, palm oil, rubber, cattle, fish and timber. Nigeria is a net importer of agricultural goods – in 2009, imports in the sector added up to more than USD3 billion, while agricultural exports accounted for about USD1.4 billion. Major agricultural imports are wheat, rice and sugar. Most agricultural imports come from the US and the EU. The country’s main agricultural exports are cocoa beans, rubber, sesame seeds and cocoa butter. Key agricultural export destinations are the UK, the US, Canada, France and Germany.
Agriculture contributed 41.84% to Nigeria’s GDP in 2009, and the sector employs around 70% of the workforce. The main agricultural goods produced are yams, cassava, peanuts, millet, sorghum, rice, maize, okra, cocoa, palm oil, rubber, cattle, fish and timber. Nigeria is a net importer of agricultural goods – in 2009, imports in the sector added up to more than USD3 billion, while agricultural exports accounted for about USD1.4 billion. Major agricultural imports are wheat, rice and sugar. Most agricultural imports come from the US and the EU. The country’s main agricultural exports are cocoa beans, rubber, sesame seeds and cocoa butter. Key agricultural export destinations are the UK, the US, Canada, France and Germany.
NIGERIA’S TRADE RELATIONS
Doing business with the world
Nigeria is committed to becoming one of the world’s top 20 economies by 2020 and expanding trade with other countries is an important part of its strategy for growth. Exports, like the economy in general, are dominated by petroleum, while imports include manufactured goods, chemicals, machinery and transport and food and livestock.
Nigeria is committed to becoming one of the world’s top 20 economies by 2020 and expanding trade with other countries is an important part of its strategy for growth. Exports, like the economy in general, are dominated by petroleum, while imports include manufactured goods, chemicals, machinery and transport and food and livestock.
NIGERIA BEER INDUSTRY
In the second largest beer market in Africa, competition is brewing
Even as Western beer consumption slows down due to the global downturn, Nigeria’s beer industry continues to thrive. The country has the second largest beer market in Africa, after South Africa. And with the largest population in Africa, a growing middle class and a large number of drinking-age consumers, the brewing multinationals are jockeying for position in a market that shows plenty of room for expansion.
Even as Western beer consumption slows down due to the global downturn, Nigeria’s beer industry continues to thrive. The country has the second largest beer market in Africa, after South Africa. And with the largest population in Africa, a growing middle class and a large number of drinking-age consumers, the brewing multinationals are jockeying for position in a market that shows plenty of room for expansion.
NIGERIAN SUGAR INDUSTRY
Domestic production is rising and refineries have begun exporting sugar
he Nigerian sugar industry has been reinvigorated by the privatisation of national-owned sugar resources. While domestic production remains insufficient to match consumption needs, it is rising as production from the privatised companies begins to come onstream – in 2009-10, the country will produce 60’000 tonnes of raw sugar, up from 50’000 in the previous year. Sugar refining is flourishing, as new market entrants increase competition in the industry. The country’s sugar refining capacity is 2.1 million tonnes per year, more than adequate to meet total demand of 1.4 million tonnes.
he Nigerian sugar industry has been reinvigorated by the privatisation of national-owned sugar resources. While domestic production remains insufficient to match consumption needs, it is rising as production from the privatised companies begins to come onstream – in 2009-10, the country will produce 60’000 tonnes of raw sugar, up from 50’000 in the previous year. Sugar refining is flourishing, as new market entrants increase competition in the industry. The country’s sugar refining capacity is 2.1 million tonnes per year, more than adequate to meet total demand of 1.4 million tonnes.
WORKING TO REBUILD NIGERIA’S MANUFACTURING INDUSTRY
Nigeria’s manufacturing industry has suffered from neglect, since the country’s economy has depended on the petroleum sector since the 1970s. As the government tries to diversify the economy, it is working to reinvigorate the manufacturing sector so as to increase its contribution to Nigeria’s prosperity.
ENERGY OVERVIEW IN NIGERIA
With proven oil reserves exceeding 9 billion tons, Nigeria is one of the largest hydrocarbon feed stock producers in Africa, and ranks twelfth place worldwide. Nigeria is a member of OPEC, the Organisation of Petroleum Exporting Countries. Natural gas reserves account for 5.2 trillion cubic meters, making it the world’s seventh biggest resource. The country relies heavily on its petroleum industry for economic growth – the sector accounts for about 80% of government revenues and provides 95% of foreign exchange.
Friday 29 August 2014
EMBASSY OF THE FEDERAL REPUBLIC OF NIGERIA, WASHINGTON D.C
3519 International Court, NW
Washington, DC 20008
Tel: (202) 986-8400
Fax: (202) 362-6541
info@nigeriaembassyusa.org
AMBASSADOR/HEAD OF MISSION
His Excellency (Prof.) Adebowale Ibidapo Adefuye
Ext. 1091
Ext. 1097
Washington, DC 20008
Tel: (202) 986-8400
Fax: (202) 362-6541
info@nigeriaembassyusa.org
AMBASSADOR/HEAD OF MISSION
His Excellency (Prof.) Adebowale Ibidapo Adefuye
Ext. 1091
Ext. 1097
LIST OF PARASTATALS IN NIGERIA
ABUJA CHAMBER OF COMMERCE, INDUSTRY, MINES & AGRICULTURE
Block 12, A1-Fayyun Street,
Zone 3, Abuja, FCT
P.M.B. 86, Garki
Tel: 09-5230413; 5230453
ABUJA CHIEF MAGISTRATE COURT
Marnbolo Street
Wuse, Zone 2, Abuja
Tel: 09-5233845
ABUJA COUNCIL FOR ARTS AND CULTURE
P.M.B. 199, Area 10
Garki,Abuja
Tel: 09-234027 1; 2340381
Block 12, A1-Fayyun Street,
Zone 3, Abuja, FCT
P.M.B. 86, Garki
Tel: 09-5230413; 5230453
ABUJA CHIEF MAGISTRATE COURT
Marnbolo Street
Wuse, Zone 2, Abuja
Tel: 09-5233845
ABUJA COUNCIL FOR ARTS AND CULTURE
P.M.B. 199, Area 10
Garki,Abuja
Tel: 09-234027 1; 2340381
NIGERIA: PAST, PRESENT AND FUTURE
Nigeria is a Federal Republic composed of 36 States, and a Capital Territory, with an elected President and a Bi-cameral Legislature. It operates the Presidential system of Government with three distinct but complementary arms namely the Executive, the Legislature and the Judiciary, each acting as a check on the other two.
GUIDELINES FOR EXPORTERS NIGERIA PRESHIPMENT INSPECTION PROGRAMME
NIGERIA PRESHIPMENT INSPECTION PROGRAMME PERFORMED BY OR ON BEHALF OF SWEDE CONTROL/INTERTEK SERVICES ON BEHALF OF THE GOVERNMENT OF THE FEDERAL REPUBLIC OF NIGERIA
INTRODUCTION
In September 1999, the Federal Republic of Nigeria re-introduced the pre- shipment programme for inspection of imports.
INTRODUCTION
In September 1999, the Federal Republic of Nigeria re-introduced the pre- shipment programme for inspection of imports.
JOINT VENTURE & INVESTMENT OPPORTUNITIES IN THE TRANSPORTATION SECTOR IN NIGERIA
Aviation Sub-Sector
1) Maintaining a Hangar. Existing hangar owned by the airline needs refurbishment and modern equipment;
2) Aircraft Engine Workshop - A workshop that can effect A, B, C, & D checks on various grades of aircrafts used in the Country and in the West African sub-region;
3) Development and management of a five-star hotel in Lagos.
4) Provision of catering equipment and infrastructure to meet the needs of the airline industry;
5) Establishment of a modern aircraft training facility;
6) Development/construction of airport terminals.
1) Maintaining a Hangar. Existing hangar owned by the airline needs refurbishment and modern equipment;
2) Aircraft Engine Workshop - A workshop that can effect A, B, C, & D checks on various grades of aircrafts used in the Country and in the West African sub-region;
3) Development and management of a five-star hotel in Lagos.
4) Provision of catering equipment and infrastructure to meet the needs of the airline industry;
5) Establishment of a modern aircraft training facility;
6) Development/construction of airport terminals.
GUIDELINES ON PRIVATISATION & COMMERCIALISATION IN NIGERIA
1. Introduction
Under the privateisation programme as announced on July 20, 1998 by H.E Gen Abdulsalami Abubakar, Government will retain 40% of the telecom, electricity, petroleum refineries, coal and bitumen production, tourism, and spill-overs from the first phase of privatisation equities of the affected enterprises whilst 40% will be alienated to strategic investors with the right technical, financial and management capabilities. The remaining 20% will be sold to the Nigerian public through the Stock Exchange.
Under the privateisation programme as announced on July 20, 1998 by H.E Gen Abdulsalami Abubakar, Government will retain 40% of the telecom, electricity, petroleum refineries, coal and bitumen production, tourism, and spill-overs from the first phase of privatisation equities of the affected enterprises whilst 40% will be alienated to strategic investors with the right technical, financial and management capabilities. The remaining 20% will be sold to the Nigerian public through the Stock Exchange.
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