Tuesday, 14 May 2019

GLOBAL DEMAND FOR COCONUTS RISES BY 500%, SAYS DAPO OLAKUNLEYIN, DIRECTOR, LAGOS COCONUT DEVELOPMENT AUTHORITY

The Director of Lagos Coconut Development Authority, Dapo Olakuleyin, has said that the global demand for coconuts and derivatives increased by over 500 per cent in the last five years, underscoring the huge economic potential yet to be explored by Nigeria. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

Olakuleyin made this known while lamenting underproduction of coconuts during a seminar organized by First African Coconut Company at Four Point by Sheraton Hotel, Vitoria Island. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html He also said that most farmers were not planting coconuts because they had not realized the economic implications of doing so. “Despite Lagos becoming the hub for coconut trading in Africa, where Ghana, Togo and other countries play big, Nigerian farmers are yet to take advantage of the huge opportunity,” he added.

Hmmm!!! Folks, let us say the truth and shame the devil. Many Nigerian non-oil products exporters have been defrauded of huge amount of money in the process of exporting agricultural commodities and solid minerals to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, would you like to keep on being scammed? Why don’t you get a practical manual that explains the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers? It explains export operations, export management, export documentations and methods of payment in export trade? Yes, it is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:
http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

Olakunleyin regretted that every drop of coconut oil used in sugar refineries in Nigeria is imported, saying the capital-intensive nature of industrial coconut value addition and low production as a result of old plantations and varieties have retarded industrialization of the crop.

According to him, without agricultural subsidies, farmers could not produce profitably in Nigeria because of high cost of production, absence of basic infrastructure and grossly inadequate and costly power supply. “If you do not have passion for agriculture, do not go there. As good as agriculture is, there are challenges. Without subsidies, farmers cannot break even, even in the economies with sophisticated technologies,” he said, “Unfortunately; Nigeria is not subsidizing production but consumption. That is wrong.”

Executive chairman of First African Coconut Company, John-Bede Antonio, said his attempt to source coconuts from Nigeria to meet an order in the United States of America met a brick wall, making him to discover that over 2 million coconut trees in Lagos State were mostly planted around 1876, and that they are old low-yielding varieties. The export demand could not be met because home consumption is augmented by importation from Benin Republic, Ghana and Togo.

Fellow Nigerians, are you aware that our crude oil will soon become useless? Yes, it will, in no distant time, become valueless owing to the fact that the countries that rely on it as their only source of energy are developing more affordable alternative sources of energy. When this finally happens, what will we do? How are we currently preparing for this imminent economic doom? Which other sector will continue to stabilize our economy? Nigerians, the only solution is developing the agricultural sector. In fact, this is the only solution. Very soon, the major source of revenue will become agriculture and agro-exports. How are you positioning yourself to play big in agro-export business? Why don’t you get a practical manual that explains the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers? Yes, arm yourself with the contemporary trends in export trade. This manual explains export operations, export management, export documentations and methods of payment in export trade? Yes, it is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:

The mission of the company, Antonio said, includes planting at least 2 million coconut trees in Lagos in the next four to five years; plant at least 10,000 hectares of coconuts in 22 states of the federation; employ 100,000 workers on plantations in each state and advocating planting of at least two coconut trees in each house. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

A minimum of N2.5 million return yearly on one hectare of coconut is assured with intercropping with arable crops, he explained.

Are you an exporter? Do you like to master the contemporary dynamics of non-oil export trade and avoid getting defrauded by the foreign buyers of your exportable products? Click on the link below:
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