Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,150,582 members, 7,809,111 topics. Date: Thursday, 25 April 2024 at 11:30 PM

Nigerian Non-Oil Industry Discussion Thread - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Nigerian Non-Oil Industry Discussion Thread (5536 Views)

We’re Going Bankrupt, Non-oil Exporters Cry Out / 25 Hot-in-demand Non-oil Products To Export From Nigeria / PART 1: NIGERIAN OIL INDUSTRY AND FUEL SUBSIDY: FACTS, MYTHS & HIDDEN TRUTH (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Nigerian Non-Oil Industry Discussion Thread by prophetone(m): 5:34pm On Aug 23, 2014
NUMBERS DO NOT LIE

Nigeria earns N305bn from Non-Oil Export – NBS 2013

Nigeria earned about N305.1billion within the first three months of 2013, figures obtained from the National Bureau of Statistics indicate.
A breakdown of the figures highlighted under “2013 Export First Quarter” in the NBS’ report on ‘Merchandise Trade’, showed that export from natural rubber was N158.38 billion; raw cocoa beans attracted N62.198 billion; Sesame seeds, N20,76 billion; cotton yarn, N16.44 billion; and Leather products, N8.56 billion. Similarly, within the period under review, the export value of flowers and buds stood at N8.19 billion; footwear, N7.07 billion; tanned or crust hides, N5.41 billion; frozen shrimps and prawns, N4.96 billion; ginger, N4.09 billion; sacks and bags, N3.84 billion; cigarettes, N2.75 billion; and aluminum alloys, N2.54 billion.

The exports mentioned above, which are captured under the sub-heading, “2013 Export First Quarter” in the NBS report, totaled about N305 billion. However, the NBS further said, “Analysis on exports by section revealed that mineral products contributed N3,034.2billion or 87.9 percent of total exports during the quarter, followed by plastic, rubber and associated articles with N168.1billionn or 4.9 percent; and prepared foodstuffs, beverages, spirit, vinegar and tobacco with N115.2billion or 3.3 percent.

From the 2013 National Bureau of Statistics Report we can deduce;
North
Sesame seeds - N20.76 billion
Cotton yarn - N16.44 billion
Leather products - N8.56 billion.
Flowers and Buds - N8.19 billion;
Tanned or crust hides - N5.41 billion
Ginger - N4.09 billion
Sacks and Bags - N3.84 billion

N & SW
Cigarettes - N2.75 billion
footwear, N7.07 billion

SW
Natural Rubber - N158.38 billion
Raw Cocoa Beans - N62.198 billion
Frozen shrimps and prawns - N4.96 billion

The North remains the backbone of the Cement Industry in Nigeria (Dangote, Sokoto Cement, Obajana, BUA) and has seen a growth of 95.6% in the span of 8 years, beginning 2005 to 2012 according to the Nigerian Cement Industry Report 2013 and with the rapid growth forecasted for the housing sector, the figures are set to rise.

These are Non-Oil Exports. The South-South is responsible for Oil exports. Where does the East lie in the whole equation? What do they produce? Most of Ibo businessmen are traders. PAN Nigeria (owned by ASD Motors, Kaduna) have been producing luxury world-standard cars for the past 30 years, and modern luxury automobiles like the 307 and 508 before newbies like Innoson started cobbling together spare parts from China. Dangote is the King of commerce in Nigeria, paying billions in tax and employing thousands, strengthening the Nigerian economy further. The FG Survey on SME’s showed that a whopping 99% of firms are micro enterprises, and Kano State has the 2nd highest number of SME’s in the country, closely following Lagos.

I think it’s about time the Myth of the North being a parasite is destroyed once and for all.

12 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by Hadone(m): 5:45pm On Aug 23, 2014
We dont need this figures to agree that Northern Nigeria is the heart of Nigeria's economy. Nigeria solely rely on the north for meet and food stuff like beans, vegetables etc. God knows why He made Nigeria one country and a big great nation.

11 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by Nctrice(m): 5:53pm On Aug 23, 2014
you call them parasite! Give them Biafra na! You no still gree! OP wetin be your problem?

10 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by size38: 5:56pm On Aug 23, 2014
Am from south-south Nigeria. I still repeat and will continue to say it. The Igbos are the real parasites in Nigeria anyhow one view it. Whenever there is mention of oil resources, the Igbos will attach themselves with the south-south. For God sake, we are not the same and one people despite the present romance of the south south and south East due to GEJ's presidency, we are not one. Once GEJ leaves office whether in 2015 or 2019 everything returns back to how it used to be. because we will never support Igbos presidency anytime soon in Nigeria

20 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by Jealouzzy(m): 5:58pm On Aug 23, 2014
hisssssssssss >:

3 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by atlwireles: 6:00pm On Aug 23, 2014
So rubber is now produced in the SW? I think the plantations owners in Edo, Delta, Bayelsa and Cross rivers state will say other wise. Also Cross rivers is the second highest producer of Cocoa after Ondo.

11 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by atlwireles: 6:01pm On Aug 23, 2014
size38: Am from south-south Nigeria. I still repeat and will continue to say it. The Igbos are the real parasites in Nigeria anyhow one view it. Whenever there is mention of oil resources, the Igbos will attach themselves with the south-south. For God sake, we are not the same and one people despite the present romance of the south south and south East due to GEJ's presidency, we are not one. Once GEJ leaves office whether in 2015 or 2019 everything returns back to how it used to be. because we will never support Igbos presidency anytime soon in Nigeria

grin grin grin grin You are trying too hard to convince yourself.

13 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by ebankole: 6:02pm On Aug 23, 2014
Wow

Atleast now we know the parasite's' tribe now.

thank you oja're Op

5 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by Idrismusty97(m): 6:12pm On Aug 23, 2014
I'm speechless! @OP i love your analysis. Great job!!!

1 Like

Re: Nigerian Non-Oil Industry Discussion Thread by T9ksy(m): 6:17pm On Aug 23, 2014
Its an open secret that the ibos needs One Nigeria much more that nigeria needs the ibos

8 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by atlwireles: 6:17pm On Aug 23, 2014
Interestingly rubber is responsible for almost 50% of the non oil export earnings. Add the cocoa from the SS and Pawn and shrimps from the SS. We can easily say the SS is responsible for more than 50% of the non oil export earnings . We don try for this Nigeria. angry angry angry angry

2 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by Collynzo14: 6:19pm On Aug 23, 2014
The proceeds from oil produced by the three South eastern states of Imo, Anambra and Abia (although little when compared with states like Rivers), if shared among the 5 South eastern states, will see each state receiving a higher monthly allocation than they do presently.
So look elsewhere for the parasites.

11 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by Collynzo14: 6:24pm On Aug 23, 2014
OP you can only twist facts for illiterates, how did you come to the conclusion that rubber is gotten from the South west?
According to the Rubber Research Institute of
Nigeria, rubber is an important cash crop cultivated in 18 states of the country, which include Abia, Akwa Ibom, Anambra, Bayelsa, Cross River, Delta, Edo. Rivers, Ondo, Ogun, Taraba, Oyo, Ebonyi, Enugu, Osun, Ekiti, and Kaduna.
http://agronigeria.com.ng/2013/08/02/rubber-production-declining/

10 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by prophetone(m): 6:25pm On Aug 23, 2014
Collynzo14: The proceeds of oil produced by the three South eastern states of Imo, Anambra and Abia (although little when compared with states like Rivers) if shared among the 5 South eastern states will see each state receiving a higher monthly allocation than they do presently.
So look elsewhere for the parasites.

Men are talking production, kids are talking allocation.

8 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by Arysexy(m): 6:26pm On Aug 23, 2014
Mumu op, so ABA made footwears are in SW. Were is palm export?

keep delluding urself

8 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by POPEII: 6:27pm On Aug 23, 2014
Collynzo14: OP you can only tiwst facts for illiterates, how did you come to the conclusion that rubber is gotten from the South west?
According to the Rubber Research Institute of
Nigeria, rubber is an important cash crop cultivated in 18 states of the country, which include Abia, Akwa Ibom, Anambra, Bayelsa, Cross River, Delta, Edo. Rivers, Ondo, Ogun, Taraba, Oyo, Ebonyi, Enugu, Osun, Ekiti, and Kaduna.
http://agronigeria.com.ng/2013/08/02/rubber-production-declining/

That's aw-ole-wo free education for you...

8 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by Collynzo14: 6:27pm On Aug 23, 2014
prophetone:

Men are talking production, kids are talking allocation.
Is oil not produced?
Tell us the amount of money Nigeria makes from the oil in Anambra, Imo and Abia monthly, divide it among the 5 eastern states, compare what you get with what each of the 5 eastern states receives currently and tell us who the real parasite is.

8 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by POPEII: 6:28pm On Aug 23, 2014
T9ksy: Its an open secret that the ibos needs One Nigeria much more that nigeria needs the ibos
why did you fight against Biafra ? Out of love abi?

7 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by eaglechild: 6:28pm On Aug 23, 2014
grin grin grin grin grin grin grin grin

The "parasites" are healthier than the "host".
So therefore

10 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by yorubakid: 6:29pm On Aug 23, 2014
@op,the core northerners contributes nothing in this country except terrorism. I wonder what states like yobe,borno and Adamawa contribute the union except the likes of shekau and their fellow virgin hunters.
mind you that oil is the major chief economy of Nigeria which the ss and three states from SE have in large quantities plus other Igbo areas in the SS.

As for Agriculture,the core north should stop fooling themselves cause it is the middle belt states like Benue and jos that are the food basket of the nation even the Se states like Enugu and ebonyi produces more agricultural products than core northerners.
The core northerners are the parasitic region we have in this entity called nig

15 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by POPEII: 6:29pm On Aug 23, 2014
eaglechild: grin grin grin grin grin grin grin grin

The "parasites" are healthier than the host.
So therefore



grin grin

7 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by Collynzo14: 6:30pm On Aug 23, 2014
Rubber is grown in Edo, Delta, Ondo, Ogun, Abia, Anambra, Akwa Ibom, Cross River, Rivers, Ebonyi and Bayelsa States where the amount of rainfall is about 1800 mm to 2000 mm per annum.
www.foramfera.com/index.php/investment-opportunities-in-nigeria/item/527-natural-rubber-export-from-nigeria-the-opportunities

10 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by eunisam: 6:31pm On Aug 23, 2014
e no concern me.
Re: Nigerian Non-Oil Industry Discussion Thread by atlwireles: 6:31pm On Aug 23, 2014
Emerging trends in Nigeria’s non-oil exports


In spite of the late release of the Central Bank of Nigeria’s (CBN) 2012 Annual Report, the non-oil export data as contained therein have shown some emerging trends with regards to the top non-oil export firms, values of their exports, the types of goods exported, and the destinations of exports most especially when comparison is made between their 2012 and 2011 figures. The CBN always publishes the top 100 non-oil exporters in its annual report.

Pertaining to non-oil exporters, some of the firms which made the top 30 on the CBN list in 2011 have lost their positions as they have been replaced by other firms at the end of 2012 financial year. A company’s position on the CBN top 100 non-oil exporters list is determined by the worth of its export measured in US dollars ($). The firms that missed the top 30 positions in 2012 are Eleme Petrochemicals, Multi-Trex Integrated Foods Plc, Stanmark Cocoa Processing Ltd, Metal Recycling Industries Ltd, Nestle Nigeria Plc, RMM Global Company Ltd, Yara Commodities Ltd and Friesland Capina Wamco.

Furthermore, the combined revenue of the 2012 top 30 non-oil exporters dipped by 8 percent to $1.67bn as against $1.75 billion the 2011 top 30 league collectively realised. By implication, the share of the 2012 top 30 members in the overall export earnings fell to 77 percent as against 80 percent that the 2011 group recorded. The new entrants into the top 30 league are Notore Chemical Industries Ltd, Multitan Ltd, Everest Metal Nigeria Ltd, Dansa Food Processing Company, West African Rubber, Starlink Global and Ideal Ltd as well as Kimatrai Nigeria Ltd.

Surprisingly, Eleme Petrochemicals Company Limited which exported $75.7 million worth of goods in 2011 was completely absent on the list of the top 100 non-oil exporters in 2012. An analyst who did not want his name in print but is well familiar with the agriculture and agro-allied sector attributed that development to the on-going expansion in Indorama Eleme Petrochemicals. As noted in the Nigeria Dealbook H1, 2013, the company has sourced for $375 million from IFC, Bank of India, Belgian Company for Development, the Commonwealth Development Corporation, Germany’s DEG and the FMO of Netherland. It is believed that by the time the fund is fully utilized, the company will be a force to reckon with in its sector.

Metal Recycling Industries Ltd, which earned $14.8 million from non-oil exports in 2011 was also missing on the list in 2012, but no reason could be adduced as at the time of writing the report. Even though the following firms made more from export in 2012, the positions of RMM Global Company, Yara Commodities Ltd and Stanmark Cocoa Processing Ltd fell to 33rd, 34th and 37th in 2012 down from 26th, 27th and 21st respectively in 2011.

It was even more surprising that Multi-Trex Integrated Foods Plc, Friesland Capina Wamco and Nestle Plc had both the values of their exports as well as their positions decline on the table. In other words, Multi-Trex, Friesland Capina and Nestle were rated the 45th, 49th and 50th non-oil exporters in 2012 as against 15th, 30th and 24th positions respectively in 2011.

The collective earnings of firms with lower sales in 2012 despite making it on the list of top 30 non-oil exporters still dipped by $385m (N60bn). The sharp fall in their earnings demands attention from the Nigerian authorities. Observations made by the World Trade Organization’s (WTO) which were explicitly stated in WTO’s 2012 annual report should provide some hints as to why these firms experienced a decline in export revenue in 2012. The body states that issues relating to non-tariff measures (NTM) such as certification requirements, export inspection and obtaining export licenses/permits are factors that can impair a firm’s ability to effectively and efficiently explore international market. According to WTO “these three categories account for more than 60 percent of firm complaints about export related measures.” WTO team came about these three major factors based on their findings in 11 countries some of which share economic, social and political characteristics with Nigeria. In addition, since the destination countries are majorly in Europe, Nigerian searchlight should be beamed on SPS measures, standards and testing that most exporters to EU are confronted with.

The records of the new entrants into the top 30 non-oil export firms justify why they are there. Memuda Industries sold $82.3m worth of finished leather to Italy in 2012 to emerged the 4th biggest non-oil exporter compared with $10.6m worth of the same item it sold overseas in 2011 when it was rated the 32nd. Notore occupied the 11th position in 2012 for selling $45.5 million worth ammonia and fertilizers to Morocco and Uruguay whereas the same firm was rated 34th in 2011 when it sold just $10m worth of the same goods. Multitan’s export value rose to $36m in 2012 from a paltry $3m in 2011. For that reason, its position moved from 60th in 2011 to 13th in 2012.

Everest Metal Ltd is another firm that had a good outing in 2012 due to the threefold increase in its export value. It earned $33.7m in 2012 in contrast to $10m in 2011. Dansa Food Processing Ltd realised $32m in 2012 whereas Dangote Agrosacks Ltd, the only firm from Dangote Group on the table in 2011, realised just $0.39m. The earning realised by the West African Cotton Company Ltd jumped up by 219 percent, from $9.4m in 2011 to $29.8m in 2012.

Finished products and fully-processed produce earned the nation more foreign exchange in 2012. Sale of manufactured products especially textiles and other materials increased by 32 percent between 2011 and 2012. Apart from that, many of the firms that exported finished products performed better in 2012 fiscal year. The gainers are those whose 2012 export earnings surpassed 2011 earnings. On top of the gainers’ table was Mamuda which increased its export revenue by $72m by selling fished leather to Italy. In similar business are the West African Tannery Company Limited and Unique Leather Ltd. The former which outperformed 2011 revenue by $23m sold finished goat and sheep leather to Italy, India and China while the latter which surpassed the previous year’s earnings by $13m exported finished leather grades 1,2,3 and 4 to Italy.

Nigerian ginned cotton lint made its presence felt at the international market in 2012. Armajaro and the West African Cotton Ltd traded in this commodity just as both firms made the list of gainers in the top 30 non-oil exporters. In comparison with 2011 foreign earnings, Armajaro was better by $70m, though it also traded in cocoa bean while the WA Cotton Ltd which traded only in cotton lint increased its year-on-year earnings by $20m. The export destinations are Indonesia, Germany and Vietnam.

Fully fermented Nigerian cocoa beans posted good performance as it was a major exportable of Starlink Global Ltd which increased its earnings by $14m in 2012 when compared with 2011 figure. Notore Chemical Industries Ltd also garnered additional $35m in export earnings because it sold fully refrigerated anhydrous ammonia & fertilizer (urea granular) to Morocco and Uruguay.

Other produce and goods whose sales overseas earned the nation more foreign earnings are Gum Arabic, aluminium alloy ingot, remelted lead ingot, Nigerian sesame seeds and dried hibiscus flour. Dansa Food Processing Ltd’s revenue jumped up by $32m through the sale of Gum Arabic to France and Germany; Everest Metal traded in aluminium and lead ingots thereby realising additional $30m over 2011 earnings while AIS Trades and Industries Ltd raised its 2012 revenue by $11m through the sale of Maiduguri type sesame seeds and Nigerian dried hibiscus flour.

As said earlier, there are companies that made lesser revenue from export in 2012 compared with 2011 figures. On the flip side are Bolawole Enterprises, Olam Nigeria Ltd, Sun and Sand Industries, Imoniyame Holdings, Saro Agro Allied Ltd, Agro Traders Ltd, Rubber Estates Ltd, Fata Tanning and Tulip Cocoa Processing Nigeria Ltd. Others are MINL, Enghuat Industries, Atlantic Shrimpers and the West African Rubber Products. In monetary terms, Multi-Trex’s export value fell to $12m in 2012 from $34.9m in 2011. Friesland Wamco made $10.2m in 2012 compared with $10.9 million it realised in 2011 while Nestle’s export value dropped to $9.8 million in 2012 from $13.5 million in 2011. For companies like Friesland Wamco and Nestle, they could have decided to focus more on the growing home demand. Producing their products in smaller packs such as sachets lends credence to this. Another possible cause is that the dominance of these firms in their respective sectors is now being challenged by up-coming firms.

Inter-regional trade between Nigeria and other African countries seems to be growing, albeit slowly. Nigerian firms are also in the race to control markets in DR Congo, Sudan, Morocco, Egypt and South African. But jokes apart, the structure of the nation’s exports shows the level of our industrial development and the extent Nigerian exporting firms can play at the international market. If this continues for a while, Nigeria may not realise much from international trade until we begin to export heavy manufactured goods such as heavy machinery, equipment, sophisticated electrical and electronic appliances. Presently, our manufactured exports include cigarettes, evaporated milk, soaps, detergents, noodles, dairy products, ingots, bathroom slippers and seasonings.

By: TELIAT SULE

http://businessdayonline.com/2013/12/emerging-trends-in-nigerias-non-oil-exports/

1 Like

Re: Nigerian Non-Oil Industry Discussion Thread by T9ksy(m): 6:33pm On Aug 23, 2014
POPEII: why did you fight against Biafra ? Out of love abi?


Why did your garrulous warlord wanted to liberate yorubaland? Out of Love, abi?

4 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by omenka(m): 6:36pm On Aug 23, 2014
Some interesting points up there. cool

But fact remains that each region contributes substantially to the overall growth and well being of the country. The only region whose role I don't quite get is the North Central. But I understand Benue produces a lot of yams and cassava. I don't know about what Plateau, Nassarawa and Taraba states produce tho.
Re: Nigerian Non-Oil Industry Discussion Thread by yorubakid: 6:37pm On Aug 23, 2014
size38: Am from south-south Nigeria. I still repeat and will continue to say it. The Igbos are the real parasites in Nigeria anyhow one view it. Whenever there is mention of oil resources, the Igbos will attach themselves with the south-south. For God sake, we are not the same and one people despite the present romance of the south south and south East due to GEJ's presidency, we are not one. Once GEJ leaves office whether in 2015 or 2019 everything returns back to how it used to be. because we will never support Igbos presidency anytime soon in Nigeria
Yoruba imposter,speak for yourself

9 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by POPEII: 6:39pm On Aug 23, 2014
T9ksy:


Why did your garrulous warlord wanted to liberate yorubaland? Out of Love, abi?
Cause slavery is a crime against humanity..Igbo are humanists we can't see our countrymen suffering and fold our arms, unfortunately back then we didn't know yeruinba were suffering from stocklohm syndrome

7 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by atlwireles: 6:40pm On Aug 23, 2014
omenka: Some interesting points up there. cool

But fact remains that each region contributes substantially to the overall growth and well being of the country. The only region whose role I don't quite get is the North Central. But I understand Benue produces a lot of yams and cassava. I don't know about what Plateau, Nassarawa and Taraba states produce tho.

Majority of Northern farming is done in the North central. Beans, tomatoes, ginger, Onions, pepper, cashews,yams and today rice are produce mainly in Taraba, southern kaduna, plateau, Nassarwa, Parts of bauchi,kogi and benue.

4 Likes

Re: Nigerian Non-Oil Industry Discussion Thread by omenka(m): 6:43pm On Aug 23, 2014
@POPEII and T9ksy, can we just have some friendly discussion, keep our tempers and our voices down. Thread might turn out to be very interesting if we manage to maintain courtesy and not have the mods tamper with it. smiley

I'm against the term "parasite" though. Perhaps, "more dependent" sounds more humane.

1 Like

Re: Nigerian Non-Oil Industry Discussion Thread by iboTOTOdeySMELL: 6:43pm On Aug 23, 2014
We know who the parasites are. We know those who are afraid of going back to their land

1 Like

Re: Nigerian Non-Oil Industry Discussion Thread by prophetone(m): 6:47pm On Aug 23, 2014
Collynzo14:
Is oil not produced?
Tell us the amount of money Nigeria makes from the oil in Anambra, Imo and Abia monthly, divide it among the 5 eastern states, compare what you get with what each of the 5 eastern states receives currently and tell us who the real parasite is.
Keep trying to deceive yourself, Oil has only been DISCOVERED in Anambra State, just like it was discovered in the Chad Basin and Sokoto States. You also forgot to mention that the oil well is also being contested by Kogi Sate.

3 Likes

(1) (2) (3) (4) (Reply)

Top 10 Richest Men In The World In 2016 / Picture Frame Art Drawing Painting Lagos Nigeria / How To Apply For NIRSAL Microfinance Bank CBN N50bn COVID-19 Loan.

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 68
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.