Cash Crops

Nigeria Once Led the World in Palm Oil. What Changed?

From Global Leader to Major Importer: The Story of Nigeria’s Palm Oil Decline

Economy /

There was a time when Nigeria stood at the centre of the global palm oil industry. Long before crude oil transformed the nation’s economy, palm oil was one of Nigeria’s most valuable exports. The country supplied international markets, generated foreign exchange, created jobs, and supported millions of livelihoods across rural communities. Today, the story is […]

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When Groundnut Pyramids Defined Nigeria’s Economy

When Groundnut Pyramids Defined Nigeria’s Economy

Economy /

Long before crude oil became the backbone of Nigeria’s economy, groundnuts helped build the nation. For decades, Nigeria was one of the world’s leading producers and exporters of groundnuts, commonly known as peanuts. The crop generated foreign exchange, created jobs, supported rural communities, and contributed significantly to government revenue. At the centre of this success

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