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Nigeria can earn over $400bn from coconut sub-sector annually - Okechukwu-Okoroji
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World Coconut Day: Association advocates planting 10,000 hectares of coconuts in states
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James Emejo in Abuja
The Minister of State for Industry, Trade and Investment, Mrs. Mariam Katagum, has said the federal government is committed to supporting current efforts aimed at harnessing the immense potentials of the coconut commodity whose global market worth is estimated at over $6 billion.
She said the commodity has lot of economic, medicinal and nutritional value and enjoys huge market in the country.
The minister, at the inauguration of the 2021 coconut planting season in Abuja, however, expressed concern that despite its economic benefits, the current local supply could only meet about 20 per cent of demand.
She said there was the need to urgently address the supply side constraints to boost the economy.