Business
Nigeria Records Highest Cocoa Exports Of N131bn
The Nigeria Export
Promotion Council (NEPC) said the country recorded the highest exportation of Cocoa and its products valued at N131.2 billion in 2014.
This is contained in statistics made available to our correspondent by the council in Abuja on Wednesday.
The exportation of the products is part of the Federal Government’s plans to develop and enhance market opportunities for non-oil export sector through the National Strategy Export Products (NSEP).
“Cocoa and Cocoa preparations were the highest exported products in 2014 with the trade volume on cocoa amounting to N131.2 billion,’’ it noted.
The statistics showed that the country recorded N43.191 billion exportation of the products in the first quarter of the year while more than N18. 558 billion was recorded in the second quarter.
It noted that more than N24. 845 billion was recorded in the third quarter while N44. 695 billion was recorded in the fourth quarter.
It said cotton, yarns and woven also yielded N2.201 billion, N834.919 billion and N1.275 billion in the first and second quarters of 2014 respectively.
The statistics showed a grand total of N460.3 billion on all the products for the 2014 business trade.
The Tide reports that the Federal Government, in January, through the Minister of Trade and Investments, Mr Olusegun Aganga, said it marked out 13 NSEP to replace over dependence on petroleum products.
Aganga said the prices of petroleum products continued to tumble at the international markets, threatening the stability of the Nigerian economy.
He said that this was part of moves by the Federal Government to revive the dwindling national economy, with emphasis on rapid growth of the non-oil sector for exports.
Aganga said that originally 12 products were identified, but the number increased because the Executive Director of NEPC made a very strong case for the inclusion of cashew in the list.
He listed the 13 NSEP in three categories, including agro-industrial – palm oil, cocoa, cashew, sugar and rice.
Others are mining related cement, iron ore/metals, auto parts/cars, aluminum and oil and gas industrial products, petroleum products, fertilizer/urea, petrochemical and methanol.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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