Poor Documentation: Nigeria Loses N1.14trn in Cowpea Exports

Nigeria is losing a total of 1.6 million tonnes of dried cowpea nuts valued at $816 million due to a lack of proper processing and documentation for export. It was learned that Nigeria, which consumed 3.6 million tonnes of the nuts annually, is currently producing 5.2 million tonnes valued at $2.7 billion or 37 per cent of the global market as the average price stands at $0.51 per kilogramme.

According to the Nigerian Export Promotion Council (NEPC), cowpea, which is valued at $7.2 billion in 2023, is expected to reach $9.43 billion by 2028.

Read more at Newtelegraphng

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