Nigeria coconut market worth over $6 billion -- Minister

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Nigeria coconut market worth over $6 billion — Minister

“The Nigerian Coconut Industry can be given a boost with more investment, so that it can provide jobs to thousands of unemployed youths, through its numerous value chains,” she added.

‘This was done to create a value chain for both local and international consumption of the commodity, especially now that the export market is growing appreciably,” she said. Also speaking at the event, the president, National Coconut Producers, Processors and Marketers Association of Nigeria, Nma Okoroji, said the Nigerian coconut industry is 80 per cent untapped with massive importation, whereas the industry has the potential to generate foreign exchange even greater than the current crude oil earnings and boost Gross Domestic Product .

 

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