Nigeria strives for self-sufficiency in coconut production

Most of Nigeria has the perfect climate for growing coconuts, yet it imports 70% of the popular fruit. As the demand for coconuts is growing both domestically and around the world, there are now plans to make Nigeria self-sufficient in coconuts.

Global demand for coconut-based products has steadily increased since the early 2000s. As a result, Nigeria has seen a wave of processors entering the industry, eager to take advantage of the huge opportunities. Demand for products remains stable even in difficult economic periods. This meant that when global supply was low in 2021, the average price of coconut oil rose 62% to $1,636 per ton.

Last month, Nigeria launched an initiative to plant coconuts in Badagry as part of a campaign to promote the fruit as a cash crop. It is part of a wider plan led by the National Coconut Producers, Processors and Marketers Association of Nigeria (Nacoppman) to help the country become self-sufficient.

Source: thebharatexpressnews.com


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