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 the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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