Business
Nigeria’s Ginger Export Hits N10bn In Q2

Nigeria’s revenue from ginger exports increased by 17 per cent to hit N10 billion in the second quarter of 2023 compared to N4.6 billion in the same period of 2022.
Data from the National Bureau of Statistics (NBS) show that the country’s export value of the crop has been increasing steadily. Ginger exports increased from N1.13 billion in Q2 2018 to N1.24 billion in the same period of 2019.
It increased in Q2 2020 from N1.57 billion to N3.75 billion in 2021. The growth was maintained in 2022 as export earnings from the crop grew to N4.6 billion. In Q2 2023, it doubled to N10 billion.
According to the Deputy President of the National Ginger Association of Nigeria (NGAN), Mikah Adamu Sule, “Some of the improvements realised in foreign exchange earnings owe to the improvements made by ginger farmers to make the crop cleaner and more attractive for exports”.
However, Nigeria, the largest producer of ginger in Africa, and the second largest in the world after India, is reaping only a modest fragment of the $3 billion global ginger market, despite its record N10 billion export value in Q2, its highest in six years.
A ginger farmer, Ugochukwu Ideato, said, “It would make sense if more ginger are grown and facilities are set up locally to process some percentage of the harvest while the excess is exported. This will not only improve revenue, it’ll also provide jobs and create wealth”.
Speaking on the need for value addition to boost export potential, a Twitter user, Bayode Tegbe, said, “I think we need processing plants to extract ginger oil. I was doing research last week and found out that the value for one tonne of ginger oil is 35 times more than one tonne of ginger itself”.
Dairy Hills CEO, Kelvin Emmanuel, said Nigeria exports highly valuable agricultural commodities such as ginger and cocoa at a giveaway and then spends billions in importing back their refined products into the country.
He said the Europeans buy ginger from Nigeria at $2,000 per tonne and get 35 times the value processing it into ginger oil.
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.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Maritime2 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime2 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime2 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime2 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime2 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics2 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports2 days ago
Bournemouth, Newcastle Share Points
-
Sports2 days ago
Iwobi Stars As Fulham Overcome Brentford