ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home Business

Export rubber, cocoa, palm oil to us, EU tells Nigeria

4th May 2016
in Business, Cover
0
Export rubber, cocoa, palm oil to us, EU tells Nigeria
8
SHARES
108
VIEWS
Share on FacebookShare on Twitter

The European Union (EU), has urged Nigeria Government to increase export of agricultural produces like rubber, cocoa and palm oil to the EU countries

The Head of EU Delegation to Nigeria and ECOWAS, Mr Michel Arrion, stated this at a press conference on commemorate the 40 years of EU-Nigeria partnership on Wednesday in Abuja.

Arrion said there were potential exports, which Nigeria could develop in commercial quantities for export, lamenting that such exports to the EU were currently in low quantities.
“There are potential exports like rubber for instance for tiles that you could certainly develop.

“We will be delighted to import and to buy more rubber from Nigeria; the problem is that the production is very small.

“We will be delighted to buy more cocoa from Nigeria. We are buying most of our cocoa from Ivory Coast and Ghana, while not from Nigeria?” he said.

He challenged Nigeria to think of what it could produce in addition to its own consumption adding, Nigeria must meet its local demands before exporting.
He explained that Nigeria has a lot of possibilities in agricultural products but that it would take several years to really have an export-oriented commercial farming policy.

He also said that there was the need for the price of Nigerian products to be competitive.

“You (Nigeria) have to be competitive, I mentioned palm oil; I see a potential market for palm oil exportation from Nigeria to EU if the prices are competitive.

“Today, they are not. Malaysia for instance, offers more competitive price, so Nigeria has also to work on the competitiveness of the country’s products.

He said there were several factors that contributed to competitiveness which included the costs of production, labour, land and energy, among others.

“When your refineries of palm oil have to produce their own energy instead of being connected to the grid, you are less competitive than others,”he said.

Arrion added that the competitiveness of Nigeria products is also being affected because the rate of exchange of naira vis-a-vis the dollar or euro is not reflecting the reality of the situation. (NAN)

Philip Nwosu

Philip Nwosu

Related Posts

Business

Sail Edutainment Media hosts Awards of Excellence

22nd April 2021
Nigeria tightens border over Chad security situation 
Cover

Nigeria tightens border over Chad security situation 

22nd April 2021
Senate seeks suspension of planned tariff increase, queries trillions of naira invested in power sector
Business

Senate approves fresh $1.5bn, 995m euro loans for Buhari

22nd April 2021
Next Post
Explosion rocks Onitsha, 12 persons injured–Police

Explosion rocks Onitsha, 12 persons injured--Police

Russia develops world’s first air-droppable air defence missile system – Report

Russia develops world's first air-droppable air defence missile system - Report

Carry yourselves with dignity, IG Arase tells police officers

Nigeria Police extend deadline for tinted glass permit

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Okowa condoles Itsekiri nation over demise of Olu of Warri

Lawyers seek end to violent agitations in Niger Delta

Gunmen storm Kaduna hospital, abduct two nurses

Court dismisses suit filed by seven political parties against Akeredolu

Group to buy JAMB registration forms for 120 indigent candidates in Nsukka

Port Harcourt Customs generates N18 billion in first quarter 2021

Trending

Business

Sail Edutainment Media hosts Awards of Excellence

22nd April 2021
0

By Ngozi Nwoke, Lagos Citing the need for nation-building, Success Abu-Idris, CEO of Sail Edutainment Media, has...

Nigeria tightens border over Chad security situation 

Nigeria tightens border over Chad security situation 

22nd April 2021
NCC arrests five suspects over fraudulently-registered SIM cards

NCC arrests five suspects over fraudulently-registered SIM cards

22nd April 2021
Okowa condoles Itsekiri nation over demise of Olu of Warri

Okowa condoles Itsekiri nation over demise of Olu of Warri

22nd April 2021
Lawyers seek end to violent agitations in Niger Delta

Lawyers seek end to violent agitations in Niger Delta

22nd April 2021

Follow us on social media:

Categories

  • Abuja Metro
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist