Inside Nigeria’s $10bn palm oil export

…Okomu, Presco earn over $18m in exports, exchange gain

Palm oil has failed to feature prominently in the list of Nigeria’s top non-oil exports, but experts say it has the potential to gross $10 billion for Africa’s most populous nation.

Nigeria earned $5.456 billion from all non-oil export products in 2024, representing a 20.8 percent rise from the $4.52 billion recorded in 2023, according to the Nigerian Export Promotion Council (NEPC).

Cocoa beans and urea/fertilizer emerged as top earners, constituting 4

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