Why You Should Consider Investing In Agro Export Business
212.73 billion naira. That is how much Nigeria earned from agricultural product exports at the end of the fourth quarter of 2016.
Apparently, this was contained in excerpts of a book highlighting the medium performance of President Muhammadu Buhari’s administration.
It was authored by the Presidential Media Team.
“At the end of 2016, agricultural goods, as share of total trade, got 212.73 billion naira or 4.02% of export," said the book.
This showed that, ''agricultural goods'' exports were 2.7% higher in the fourth quarter of 2016 than third quarter of the year.’’
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It stated that the products, which contributed most to agricultural product exports in the fourth quarter, were sesame seeds with 6.46 billion-naira, frozen shrimps and prawns with 4.4 billion naira.
According to the report, flour and meals of soya beans contributed 2.59 billion naira; cashew nuts in shell, 0.95 billion naira, and crude palm kernel with 0.62 billion naira.
It stated that the Ministry of Agriculture and Rural Development had commenced work on the development of a five-year action plan on Single Quality Control Management Plan, as recommended by the European Union.
The plan will enable exporters meet international standards, inter-state trading and global acceptance of the nation’s commodities.
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