Agriculture remains one of the major sources of revenue for Nigeria’s economy. The statistics on Nigerian Agricultural production by Statista in 2020 showed that Nigeria leads in palm oil, cocoa beans, pineapple, cashew and sorghum production, and is the second-largest producer of sorghum in the world. These top 5(five) Agricultural products produced in Nigeria are discussed as follows;
Palm oil is one of the most important agricultural products in the world. It is used in the production of most of the food products sold in groceries. Nigeria is the highest consumer of palm oil in Africa and one of the leading palm oil producers worldwide. About 1,280 metric tons of palm oil is estimated to be produced in Nigeria in 2021.
Palm oil is a cash crop and is mostly produced and marketed by rural small-scale farmers in Nigeria. Palm oil is majorly produced by the southern states in Nigeria; Akwa-Ibom, Edo, Imo, Ondo, Abia, Enugu and Cross Rivers.
Sorghum is one of the major cereal crops cultivated in Nigeria, and about 7 million metric tons are estimated to be produced in 2021. Globally, Nigeria is the largest sorghum producer after the USA and has continued with increased production. Sorghum is used for various purposes, including human and animal food, biofuel production etc. In addition, it is one of the primary raw materials in the brewing industry.
Sorghum production thrives mainly in the northern part of Nigeria because sorghum is a draught-loving plant, and the climatic requirement is obtainable in the region. The major producers of sorghum in Nigeria are; Adamawa, Kano, Kogi, Kaduna, Benue Jigawa, Gombe, Bauchi, Borno, Kwara, Plateau, Niger, Zamfara, Sokoto, Taraba, Katsina and Kebbi State.
Cocoa is a cash crop with various economic benefits and is majorly grown for export purposes. Cocoa is majorly used by the food, cosmetic and pharmaceutical industries. Nigeria is one of the major cocoa producers in Africa and will produce an estimation of 270 thousand metric tons in 2021.
Cocoa farming is lucrative and easy to manage when compared to other cash crops. Cocoa is majorly produced in the southern part of Nigeria; Ondo, delta, etc.
Cashew is also a cash crop that is mostly produced for both domestic and export purposes. It is a seasonal fruit characterised with succulent and highly perishable fleshy pulp and a nut attached. The fleshy pulp of cashew can easily spoil if not consumed immediately after harvest or preserved immediately. The major economic value derived from cashew in the cultivation and sale of cashew is the cashew nut, which serves many purposes for different industries.
Nigeria is among the top 5 cashew producers worldwide. Cashew production thrives in all parts of Nigeria, but the major producing states are Enugu, Kogi, Kwara, Niger, Imp, Kogi, and Abia.
It may surprise you to know that pineapple is one of the five most profitable agricultural products in Nigeria. Pineapple is one of the most widely consumed fruits in the world. It thrives in tropical weather and requires a large amount of sunlight and rainfall.
Nigeria produces the largest quantity of pineapple in Africa and accounts for around 6% of the global production, being the 7th largest producer globally. Nigeria produces about 1.6 million tons of pineapple annually. Pineapple is produced majorly in the southern part of Nigeria.
These five agricultural products thriving in Nigeria are lucrative with a maximum return of profit. You can venture into any either as a farmer, local marketer or Agri-product exporter. you can get a loan to start farming any Agri-product of your interest, export Agri-product and financial assistance for exportation; export financing from viable x.
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