Coconut

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. She further explained that it was in a bid to reposition the coconut segment and address the ...