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Cocoa Production In Nigeria
Cocoa production is important to the economy of Nigeria. Cocoa is the leading agricultural export of the country and Nigeria is currently the world's fourth largest producer of cocoa, after Ivory Coast, Indonesia and Ghana, and the third largest exporter, after Ivory Coast and Ghana. The crop was a major foreign exchange earner for Nigeria in the 1950s and 1960s and in 1970 the country was the second largest producer in the world but following investments in the oil sector in the 1970s and 1980s, Nigeria's share of world output declined. In 2010, cocoa production accounted for only 0.3% of agricultural GDP. Average cocoa beans production in Nigeria between 2000 and 2010 was 389,272 tonnes per year rising from 170,000 tonnes produced in 1999. History The earliest cocoa farms in Nigeria were in Bonny and Calabar in the 1870s but the area proved not suitable for cultivation. In 1880, a cocoa farm was established in Lagos and later, a few more farms were established in Agege and Ota. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Nigeria
The Economy of Nigeria is a middle-income, mixed economy and emerging market with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 24th-largest in terms of purchasing power parity and the largest Sub Saharan Africa’s economy. Nigeria has the largest economy in Africa. The country's re-emergent manufacturing sector became the largest on the continent in 2013, and it produces a large proportion of goods and services for the region of West Africa. In addition, the debt-to-GDP ratio. Nigerian GDP at purchasing power parity (PPP) has almost tripled from $170 billion in 2000 to $451 billion in 2012 ,though estimates of the size of the informal sector (which is not included in official figures) put the actual numbers closer to $630 billion. Subsequently, the GDP per capita doubled from $1400 per person in 2000 to an estimated $2,800 per person ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amazon Basin
The Amazon basin is the part of South America drained by the Amazon River and its tributaries. The Amazon drainage basin covers an area of about , or about 35.5 percent of the South American continent. It is located in the countries of Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru, Suriname, and Venezuela. Most of the basin is covered by the Amazon rainforest, also known as Amazonia. With a area of dense tropical forest, this is the largest rainforest in the world. Geography The Amazon River begins in the Andes Mountains at the west of the basin with its main tributary the Marañón River and Apurimac River in Peru. The highest point in the watershed of the Amazon is the second biggest peak of Yerupajá at . With a length of about before it drains into the Atlantic Ocean, it is one of the two longest rivers in the world. A team of scientists has claimed that the Amazon is longer than the Nile, but debate about its exact length continues. The Amazon system ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agriculture In Nigeria
Agriculture in Nigeria is a branch and one of the major part of the economy in Nigeria, providing employment for about 35% of the population as of 2020. As reported by the FAO, agriculture remains the foundation of the Nigerian economy, despite the presence of oil in the country. It is the main source of livelihood for most Nigerians, as it provides food for the populace. It is a very important and invaluable sector in the nation Nigeria whose contributions can certainly not be ignored due to the fact that every year this sector manages to make provisions for millions of jobs for the people, tonnes of food products and important raw materials which are generated into economic increase and change for the nation. Putting aside the existence of Crude oil, Nigeria proceeds to rely on the agricultural products exported to generate and create most of its national revenue. Agriculture, however contributes a lesser percentage of the national GDP to industrialized countries while the econo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oyo State
Oyo State is an inland state in southwestern Nigeria. Its capital is Ibadan, the third most populous city in the country and formerly the second most populous city in Africa. Oyo State is bordered to the north by Kwara State, to the east by Osun State, and to the southwest by Ogun State and the Republic of Benin. With a projected population of 7,840,864 in 2016, Oyo State is the fifth most populous in the Nigeria. The vast majority of Oyo State residents are Yoruba, and the Yoruba language remains dominant. Nicknamed the "Pace Setter State", present-day Oyo State sits on territory formerly ruled by various kingdoms and empires. The Oyo Empire was a powerful Yoruba empire that ruled in much of the area from c. 1300 to 1896. Built in the 1830s, modern city of Oyo is considered a remnant of the imperial era, being referred to as "New Ọyọ" (''Ọ̀yọ́ Àtìbà'') to distinguish itself from the former capital to the north, 'Old Oyo' (''Ọ̀yọ́-Ilé''). The Alaafin of Oyo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Osun State
Osun State (; yo, Ìpínlẹ̀ Ọ̀ṣun), occasionally known as the State of Osun by the state government, is a state in southwestern Nigeria; bounded to the east by Ekiti and Ondo states, to the north by Kwara State, to the south by Ogun State and to the west by Oyo State. Named for the River Osun—a vital river which flows through the state—the state was formed from the southeast of Oyo State on 27 August 1991 and has its capital as the city of Osogbo. Of the 36 states of Nigeria, Osun is the ninth smallest in area and nineteenth most populous with an estimated population of about 4.7 million as of 2016. Geographically, the state is divided between the Nigerian lowland forests in most of the state and the drier Guinean forest–savanna mosaic in the north. The major geographical features are rivers including the state's namesake, the River Osun which bisects the state's interior before forming much of the state's southwestern border with Oyo State and flowing south. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ekiti State
Ekiti State ( yo, Ìpínlẹ̀ Èkìtì) is a state in southwestern Nigeria, bordered to the north by Kwara State, to the northeast by Kogi State, to the south and southeast by Ondo State, and to the west by Osun State. Named for the Ekiti people—the Yoruba subgroup that make up the majority of the state's population—Ekiti State was formed from a part of Ondo State in 1996 and has its capital as the city of Ado-Ekiti. One of the smallest states of Nigeria, Ekiti is the 31st largest in area and 30th most populous with an estimated population of nearly 3.3 million as of 2016. Geographically, the state is divided between the Nigerian lowland forests in most of the state and the drier Guinean forest–savanna mosaic in the north. Among the state's nature are false acraeas, mona monkey, forest buffalo, and grey parrot populations along with one of the last remaining Nigeria-Cameroon chimpanzee populations with a troop of about 20 chimpanzees in the heavily threatened Ise Fores ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Akwa-Ibom State
Akwa Ibom State is a state in the South-South geopolitical zone of Nigeria, bordered on the east by Cross River State, on the west by Rivers State and Abia State, and on the south by the Atlantic Ocean. The state takes its name from the Qua Iboe River which bisects the state before flowing into the Bight of Bonny. Akwa Ibom was split from Cross River State in 1987 with its capital Uyo and with 31 local government areas. Of the 36 states, Akwa Ibom is the 30th largest in area and fifteenth most populous with an estimated population of nearly 5.5 million as of 2016. Geographically, the state is divided between the Central African mangroves in the coastal far south and the Cross–Niger transition forests in the rest of the state. Other important geographical features are the Imo and Cross rivers which flow along Akwa Ibom's eastern and western borders, respectively while the Kwa Ibo River bisects the state before flowing into the Bight of Bonny. In the southeast corner of the sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ogun State
Ogun State is a state in southwestern Nigeria. Created on 3 February 1976 from the former Western State. Ogun State borders Lagos State to the south, Oyo State and Osun State to the north, Ondo State to the east, and the Republic of Benin to the west. Abeokuta is both Ogun State's capital and most populous city; other important cities in the state include Ijebu Ode, the royal capital of the Ijebu Kingdom, and Sagamu, Nigeria's leading kola nut grower. Ogun state is covered predominantly by rain forest and has wooden savanna in the northwest . Ogun State had a total population of 3,751,140 residents as of 2006, making Ogun State the 16th most populated state in Nigeria In terms of landmass, Ogun State is the 24th largest State in Nigeria with land area of 16,762 kilometer square. Nicknamed the "Gateway to Nigeria", the state is notable for having a high concentration of industrial Estates and being a major manufacturing hub in Nigeria. Major factories in Ogun include the Dangote ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cross River State
) , image_map = Nigeria - Cross River.svg , map_alt = , map_caption = Location of Cross River State in Nigeria , coordinates = , coor_pinpoint = , coordinates_footnotes = , subdivision_type = Country , subdivision_name = , subdivision_type1 = Geopolitical Zone , subdivision_name1 = South South , established_title = Date created , established_date = 27 May 1967 , seat_type = Capital , seat = Calabar , government_footnotes = , governing_body = Government of Cross River State , leader_party = APC , leader_title = Governor , leader_name = Benedict Ayade , leader_title1 = , leader_name1 = ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ondo State
Ondo State ( yo, Ìpínlẹ̀ Oǹdó) is a state in southwestern Nigeria. It was created on 3 February 1976 from the former Western State. It borders Ekiti State to the north, Kogi State to the northeast, Edo State to the east, Delta State to the southeast, Ogun State to the southwest, Osun State to the northwest, and the Atlantic Ocean to the south. The state's capital is Akure, the former capital of the ancient Akure Kingdom. The State includes mangrove-swamp forest near the Bights of Benin. Nicknamed the "Sunshine State", Ondo State is the 19th most populated state in the country, and the 25th-largest state by landmass. The state is predominantly Yoruba, and the Yoruba language is commonly spoken. The state economy is dominated by the petroleum industry. Cocoa production, asphalt mining, and activities related to the state's extensive coastline also are part of the economy. It is the home to the Idanre inselberg hills, playing host to the highest geographical point in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
