Nigeria Produces 250,000 Tonnes of Coconuts Annually, Ranked 18th in the World

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Coconut is grown in 22 states of the country, with Lagos State being the largest producer. The country produces 250,000 tonnes annually and is No. 18 in the world. Its yield and rank make it a fringe and sub-optimal producer. The drive for economic diversification is likely to see greater emphasis on coconut production.

Oil prices have remained above $63pb this year, slightly below the average for March ($64.85pb). The relatively high oil price is buoying Nigeria’s export revenue.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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