Top 4 Profitable Export Items in Nigeria

Top 4 Profitable Export Items in Nigeria
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Exportation contributes in no small measure to Nigeria’s annual revenue. In fact, it is one of the significant factors behind the favourable growth of Nigeria’s economy. Interestingly, Nigeria is endowed with a significant amount of resources including cash crops and many other export commodities. However, exportation has decreased probably due to claims that the country’s agricultural produce is not sufficient for national consumption.


Nevertheless, exportation has been the source of wealth for many Nigerians especially farmers who grow export items with the purpose of moving them out of the country in return for money.

In this article, you will be presented with the list of top 4 profitable items you can export from Nigeria and make reasonable profits.


Cocoa Butter

Extracted from cocoa, cocoa butter is very essential for the production of all kinds of chocolates. In foreign nations, including Britain and the US, there is high consumption of chocolates and other cocoa products. Due to this, cocoa farming has remained the source of wealth for many Nigerian farmers particularly in the South West. Also, cocoa fruits are essential in the manufacturing of drugs and cosmetics.

Sesame Seeds

Sesame seeds are profitable export items and predominantly exist in northern Nigeria –precisely in Jigawa and Benue states. Across the globe, Nigeria is ranked the fifth biggest producer of sesame seeds and over the years, its exportation has yielded substantial amounts of dollars for Nigeria. Just behind cocoa, sesame seed is Nigeria’s second most valuable export item.

Pure Honey

In Nigeria, pure honey constitutes one of the profit-yielding export items. In exchange, one kilogram of pure honey can be worth more than $150. Nigeria produces pure natural honey in large quantities and the sale of this has yielded substantial revenue both locally and internationally. Regarded as an essential consumable, pure honey is composed of vital nutrients such as vitamins, mineral and amino acids.


Garlic

Garlic is one of the cash crops commonly grown by farmers in Nigeria. It is predominantly found in the Savanna regions of the country and as a legitimate export commodity, farmers earn money from large-scale production of garlic. Although garlic yields substantial export returns, its production usually requires sufficient supply of water. At times, the construction of irrigation channels may be necessary to ensure garlic is produced in large quantities.


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