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Nigeria losing $6.5bn cotton export revenue

Related Keywords: access to extension services, by the World Cotton Market on cottonguide.org, cotton farming in Nigeria, facing major setback, lack of improved seeds, low prices of produce, missing out among the selected 15 African countries, Nigeria, Nigeria losing export opportunity in cotton, share of cotton in product exports

Nigeria is missing out among the selected 15 African countries on the share of cotton in product exports by the World Cotton Market on cottonguide.org, as cotton farming in Nigeria due to lack of improved seeds, access to extension services and low prices of the produce have been facing major setback over the years. As a result, Nigeria is said to be losing about $6.5 billion export opportunities in cotton annually. It’s contribution to GDP dropping from 25 percent to 4 percent.

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