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Audu Ogbeh

Nigeria Earns N261.9bn From Agric Exports

Audu Ogbeh, minister of agriculture and rural development, has said Nigeria’s non-oil sector is growing with N261.92 billion earnings in the second quarter of the year from Agric exports.

Ogbeh spoke at the official unveiling of the Nigeria Agribusiness Resource Centre for Agricultural Investment at the weekend in Abuja.

He said agricultural export increased by 82 percent in the fourth quarter of 2016 and earnings from the sector stood at about N30 billion in the first quarter of the year.

 According to the minister, the country earned N3.7 billion from the export of sesame seed to Turkey, N1.6 billion to China and N1.6 billion to Canada.
 Ogbeh said in the first quarter, N3.4 billion was made on Soya bean export to Russia, N1.2 billion to Greece, N2.2 billion was earned from the export of frozen Shrimps to Netherlands, N1.8 billion made from cashew nuts export to Vietnam and crude palm kernel oil export to The Netherlands netted N1.2 billion.

The minister listed destinations of agricultural exports in the second quarter as including to Asia, Europe, America, Africa and the Oceanic.

He said the country earned N13.5 billion from cashew nuts export to Vietnam with N12.6 billion, India (N1.4 billion) and Kazakhstan (N6.34 million).

African Lead Regional  Director Carla Denizard said the resource centre was established in response to the request by the ministry’s Department of Agriculture and Marketing to bridge the knowledge gap in the sector and enable investors to have access to information.

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