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Nairaland Forum / Nairaland / General / Politics / Ghana Is Far Ahead Of Nigeria In Non-oil Exports To America (1190 Views)
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Ghana Is Far Ahead Of Nigeria In Non-oil Exports To America by Orikinla(m): 11:40pm On May 09, 2012 |
Yes. It is a confirmed report that Ghana is over 180 times ahead of Nigeria in non-oil exports to America. You can find out or see the figures on http://www.nigeriansreport.com/2012/05/ghana-far-ahead-of-nigeria-in-non-oil.html?m=1
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Re: Ghana Is Far Ahead Of Nigeria In Non-oil Exports To America by PROUDIGBO(m): 2:18am On May 10, 2012 |
Pray, can someone tell me what Obasanjo was doing for 8 years, besides increasing our foreign reserves and introducing GSM ? Bloody disgrace!!! |
Re: Ghana Is Far Ahead Of Nigeria In Non-oil Exports To America by Gbawe: 7:29am On May 10, 2012 |
@OP. While I don't doubt that Nigeria has work to do to grow her non-oil export, I think the author of the article is unusually scathing with the direction he takes his article in. His figure of $2.5 million, as Nigeria's non-oil export to the USA, is very innacurate. Aside that, what consideration does market play in this? Surely with 158 million people (according to article) it stands to reason that Nigeria may actually consume a healthy amount of what she produces e.g Timber and Palm oil. We cannot simplistically posit that being bigger and more populous must translate into greater non-oil export. The main exported commodities of African nations are: Palm oil Gold and diamonds Oil Cocoa Timber Precious metals We have to look at the specific individual endowment of each nation, demand for those endowment and align issues with domestic consumption which will then produce the volume available for export. Trade partner matters as well. As an example alone the USA may get majority of Ghana's timber while China recieves most of the timber exported from Nigeria. I don't think a like-for-like comparison of export volume reveals the whole picture. There are Countries better off than Ghana who export less to the USA than the West African Nation. Nigeria has serious work to do to move dependency away from oil and gas export for sure but mockingly unfair comparisons of the nation to others serves no purpose and I think the author of the article is more keen to prove an opinion held than provide information because what he wrote below is wrong. You can see that Nigeria's crude oil export to the U.S. at $33 million in 2011 [/b]is even $101 million behind Namibia's non-oil exports to the U.S in the same year. http://www.peoplesdaily-online.com/business/economy/34920-non-oil-export-sector-to-become-prime-contributor-to-nigerias-economy-says-nepc- [b]‘Nigeria exports N4.5tn crude oil to US annually |
Re: Ghana Is Far Ahead Of Nigeria In Non-oil Exports To America by Gbawe: 7:56am On May 10, 2012 |
Author of article states that Ghana's non-oil export to the USA is $454 million and Nigeria $2.5 million. According to the article below, Nigria's non-oil export to the USA and the UK exceeds billions in dollars. http://nationalmirroronline.net/business/business-and-finance/36153.html Nigeria records N970bn trade deficit with China |
Re: Ghana Is Far Ahead Of Nigeria In Non-oil Exports To America by Calebsky(m): 9:57am On May 10, 2012 |
Gbawe thanks for informing them. I wonder what they gain by trying to bring down Nigeria's name and reputation. Nigeria is way far ahead of Ghana in virtually all ramifications. I have traversed both lands and can tell. |
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