EARN A 40% ROI IN 10 MONTHS ON PEPPER
EARN A 55% ROI IN 14 MONTHS ON GINGER
EARN A 40% ROI IN 10 MONTHS ON PEPPER
EARN A 55% ROI IN 14 MONTHS ON GINGER
One of the most important spices used in making Nigeria food is Pepper. You can hardly find a complete Nigerian meal without the use of at-least one variety of pepper. Hence, Pepper production is an important crop production in Nigeria. With rising domestic demand, coupled with a drop in exports, Pepper continues to set the trend for its marketing and production. The main suppliers of the commodity to the global market are Vietnam, India, Indonesia and Brazil; while the major destinations for its export are the US, Europe, Japan and Australia. In Nigeria, the price of pepper has been subjected to seasonal fluctuation recently. There is a massive demand for pepper in the Southern-Western Nigeria from the Northern Nigeria despite that there is also possibility to grow this crop in the South West. This is an indication that demands for pepper is great and urgent in Nigeria, especially in the Southern Western Nigeria. Due to the drastic increase in domestic demand for pepper, there has been a decline in the quantity exported several producing countries. It is worthy of note that despite the production level of pepper in Nigeria, pepper is still being imported. This signifies that there is a need for an increase in the supply of pepper to make up for the increase in the domestic demand and to also give room for exportation.
Nigeria is one of the major producers of ginger in the world. Ginger is a well known crop in the Nigerian market with very high demand despite that it’s quite expensive. Ginger is a very popular commodity across the globe owing to its usefulness. It can be used in various industries like the food industry, brewery industry, pharmaceutical industry, beverage industry, cosmetics industry to mention a few. With the current strives by the government to implement various measures that boost the agricultural sector, experts says this has provided entrepreneurs and investors with a platform to key into the economic diversification policy of the government. Nigerian ginger is highly regarded in the international market for its quality and highly medicinal value. Specifically, its aroma, pungency and high oil and Aleoresin content are other distinct features of ginger products from Nigeria. In the Nigerian market, ginger is not only popular; it is a very high demand crop commodity. Exporting Ginger from Nigeria is very lucrative and easy to do. Nigeria is the largest exporter of dried split ginger. Nigeria has the 2nd largest production share of about 16% after India with a production share of 33.9%
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