Nigeria is missing out on a multi-billion-dollar global rubber market as aging plantations and inconsistent policies continue to hold back the sector’s growth, experts warn.
Once Nigeria’s fourth-largest foreign exchange earner, the natural rubber industry is now in decline as aging plantations and weak policies drag output.
Raw material shortages have driven up import dependence and production costs, forcing many factories to shut down while the few still operating run below 60 percent capacity, BusinessDay findings show.
According to
