So, while surfing the web, we saw this March 20, 1922 picture, which is sure to get Nigerians thinking of the past, when the agricultural sector in Nigeria was really booming
West Africa was truly the centre of the palm oil industry back in the day. According to a research by Naij, export of palm kernels began in 1832 and by 1911 “British” West Africa alone exported 157,000 tonnes of which about 75 percent came from Nigeria.
With Nigeria and Zaire as leaders in the production and export of palm oil, Africa led the world throughout the first half of the century.
Fast-forward to the early 1960s, Nigeria’s palm oil production accounted for 46% of the world production, but nowadays, Nigeria accounts for only 7% of the total global output.
But what really went wrong? Many believed that the huge decline in agricultural activities in the country were as a result of the discovery of oil in commercial quantities in the mid 1950s, and the Arab oil embargo on the USA in 1973!
Let us know what you think! What Do You Think Went Wrong???
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