Nigerian non-oil exports are still significantly below potential. The gradual decline over the last 49 years is especially saddening when we look at past data for example in 1961.
We supplied 43 per cent of the global shelled groundnuts; today it is almost zero per cent. US, Asia and Argentina now have universal dominance of the groundnut market. Also, in 1961, we exported 19 per cent of the world's cocoa but have been rapidly overtaken by Ivory Coast and Palm oil and Shea-butter is another great example.
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