According to the National Bureau of Statistics, Nigeria’s revenue from ginger exports increased by 17 percent to hit N10 billion (€12 mln) in the second quarter of 2023. Compare this to the N4.6 billion (€5.5 mln) in the same period of 2022. According to the data from NBS, the country’s export value of the crop has been skyrocketing, with ginger exports increasing dramatically from N1.13 billion in Q2 2018 to N1.24 billion in the same period of 2019.
It was gathered that ginger exports increased in Q2 2020 from N1.57 billion to N3.75 billion in 2021, and the growth was maintained in 2022 as export earnings from the crop grew to N4.6 billion. In Q2 2023, it doubled to N10 billion.
[ N100 = €0.12 ]
Source: von.gov.ng
