• Wednesday, February 05, 2025
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BusinessDay

Inside Nigeria’s $10bn palm oil export

Inside Nigeria’s $10bn palm oil export
...Okomu, Presco earn over $18m in exports, exchange gain Palm oil has failed to feature prominently in the list of Nigeria’s top non-oil exports, but experts say it has the potential to gross $10 billion for Africa’s most populous nation. Nigeria earned $5.456 billion from all non-oil export products in 2024, representing a 20.8 percent rise from the $4.52 billion recorded in 2023, according to the Nigerian Export Promotion Council (NEPC). Cocoa beans and urea/fertilizer emerged as top earners, constituting 4