Nigeria is the largest producer of carrots in SSA and 32nd largest producer in the world, producing approximately 225,000 tonnes annually. This is 37.5% of its potential capacity (600,000 tonnes). The revenue implications of an optimal production for the industry could be as high as $720mn. It suggests another robust revenue source for the Nigerian economy especially at a time when the government is looking to optimize revenue and improve fiscal consolidation.
The attached slides address these and other issues in the domestic and global commodities market.
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