Tuesday, March 06, 2018/ 06:05
Nigeria is the world’s
third largest producer of gum-arabic, with annual output estimated at 22,000
tonnes. Notwithstanding, the country’s production does not reflect its
As Nigeria seeks to
diversify its revenue profile away from oil, boosting local production would be
crucial for economic growth and job creation.
The price of oil has
stayed firmly above $63pb in the last month. This means solid revenue in April
for the FGN and states.
The attached bulletin
addresses these and other issues in the domestic and global commodities