From June, 2013 Foraminifera Market Research would start publishing our E- magazine. The magazine would focus on investment and business opportunity in Nigeria. Be the first to get hot investment and business opportunities in Nigeria by subscribing to our E- Magazine, Investing in Nigeria.
SOFT COPY SUBSCRIPTION
Annual subscription x 12 issues
Never miss another issue of Investing in Nigeria magazine. Get an Annual Subscription and get Investing in Nigeria magazine delivered direct to your E- Mail Address every month!
You would also have 12 months access to over 50 market intelligence reports on our website.
N5, 000 for 12 issues
Euro 25 for 12 issues
$32 for 12 issues
Subscribe Now!
For more on our subscription and membership package, please do visit http://www.foramfera.com/index.php/membership-zone
Until the late 1970’s when hydrocarbon was discovered in commercial quantity in Oloibiri, present day Bayelsa state, Agriculture remained the mainstay of the economy contributing over 90% of the Gross Domestic Product (GDP) of the country as against the less than 40% it now contributes with crop production accounting for an estimated 85%, livestock 10% and the balance made up by fisheries and forestry.
Any nation that requires economic development must look inwards to identify areas where it has comparative advantage over other nations and seek to develop the identified areas.
Apart from hydrocarbon, Nigeria has comparative in the Agricultural sector where a variety of products are produced due to the favorable climatic condition ,good soil condition and the fact that over 70% of the entire land mass of the country is arable.
Nigeria has comparative advantage in the production and export of Ginger in Africa over her counterparts due to the large arable land available for production and the conducive climatic condition.
FACTS ABOUT GINGER IN NIGERIA
History: Ginger or ginger root is the rhizome of the plant Zingiber officinale, consumed as a delicacy, medicine, or spice. It lends its name to its genus and family (Zingiberaceae). Other notable members of this plant family are turmeric, cardamom, and galangal. Ginger cultivation began in South Asia and has since spread to East Africa and the Caribbean.
Estimated National Production: Nigeria's production in 2005 was estimated at 110000 metric tonnes (FAO).
Types: Pickled ginger, ginger tea, powdered ginger, preserved ginger, dried ginger and crystallized ginger.
Export from Nigeria: about 92% of national production
Uses: The list of ginger uses is almost endless, being a pungent spicy herb and one of the more popular food spices. They range from baked products like gingerbread, ginger biscuits, ginger cookies to drinks like ginger tea, ginger beer, ginger ale, etc. Ginger contains about two percent essential oil. The oil is extracted and distilled from rhizomes for various uses in confectionery, perfumery, beverages and pharmaceuticals. Dried ginger is used predominantly for flavouring coffee especially in the Middle East.
It contains medicinal qualities and it is also used to calm nausea and aids digestion. Dried ginger is used in many different cooking methods. It is an important spice in Asia, the Caribbean and African cooking.
Areas of Production: Ginger is produced in six states of the Federation namely, Kaduna, Nasarawa, Benue, Niger and Gombe with Kaduna as the major producer.
The total production of ginger in the world is 1,476.9 thousand tons with the total acreage of 387.3 thousand ha. India, China, Indonesia and Nepal are the major producers of ginger in the world, having production of 517.8 thousand tons, 279 thousand tons, 159 thousand tons and 154.1 thousand tons respectively. Nigeria and India have the largest area under cultivation.
The market for ginger especially the overseas market in Asia and Europe is large, expanding and sustainable because of the numerous uses of ginger.
An exporter that is able to secure a contract at the right price would have an uphill task meeting the demand of the buyer. European Union imported ginger up to 43,056 tons during 2006.Few largest importers are UK (15,962 tons), Netherlands (13,204 tons), Germany (4364 tons) and France (2666 tons).
The return on investment on the export of lead ore is estimated between 10%- 15%.
To continue reading this article and other investment opportunities in Nigeria, please do click on the link below
DRY SPLIT GINGER EXPORT IN NIGERIA; NON-OIL EXPORT OPPORTUNITY SERIES.
Any nation that requires economic development must look inwards to identify areas where it has comparative advantage over other nations and seek to develop the identified areas.
Apart from hydrocarbon, Nigeria has comparative in the Agricultural sector where a variety of products are produced due to the favorable climatic condition ,good soil condition and the fact that over 70% of the entire land mass of the country is arable.
Nigeria has comparative advantage in the production and export of Ginger in Africa over her counterparts due to the large arable land available for production and the conducive climatic condition.
FACTS ABOUT GINGER IN NIGERIA
History: Ginger or ginger root is the rhizome of the plant Zingiber officinale, consumed as a delicacy, medicine, or spice. It lends its name to its genus and family (Zingiberaceae). Other notable members of this plant family are turmeric, cardamom, and galangal. Ginger cultivation began in South Asia and has since spread to East Africa and the Caribbean.
Estimated National Production: Nigeria's production in 2005 was estimated at 110000 metric tonnes (FAO).
Types: Pickled ginger, ginger tea, powdered ginger, preserved ginger, dried ginger and crystallized ginger.
Export from Nigeria: about 92% of national production
Uses: The list of ginger uses is almost endless, being a pungent spicy herb and one of the more popular food spices. They range from baked products like gingerbread, ginger biscuits, ginger cookies to drinks like ginger tea, ginger beer, ginger ale, etc. Ginger contains about two percent essential oil. The oil is extracted and distilled from rhizomes for various uses in confectionery, perfumery, beverages and pharmaceuticals. Dried ginger is used predominantly for flavouring coffee especially in the Middle East.
It contains medicinal qualities and it is also used to calm nausea and aids digestion. Dried ginger is used in many different cooking methods. It is an important spice in Asia, the Caribbean and African cooking.
Areas of Production: Ginger is produced in six states of the Federation namely, Kaduna, Nasarawa, Benue, Niger and Gombe with Kaduna as the major producer.
The total production of ginger in the world is 1,476.9 thousand tons with the total acreage of 387.3 thousand ha. India, China, Indonesia and Nepal are the major producers of ginger in the world, having production of 517.8 thousand tons, 279 thousand tons, 159 thousand tons and 154.1 thousand tons respectively. Nigeria and India have the largest area under cultivation.
The market for ginger especially the overseas market in Asia and Europe is large, expanding and sustainable because of the numerous uses of ginger.
An exporter that is able to secure a contract at the right price would have an uphill task meeting the demand of the buyer. European Union imported ginger up to 43,056 tons during 2006.Few largest importers are UK (15,962 tons), Netherlands (13,204 tons), Germany (4364 tons) and France (2666 tons).
The return on investment on the export of lead ore is estimated between 10%- 15%.
To continue reading this article and other investment opportunities in Nigeria, please do click on the link below
DRY SPLIT GINGER EXPORT IN NIGERIA; NON-OIL EXPORT OPPORTUNITY SERIES.
Do you know you can access to over 50 market intelligence reports and our monthly E- Magazine for 12 months for just N 5,000?
Click on the link below to know more about this offer.
Can
you supply dry whole ginger from Nigeria and you are seeking for export
contract? Then use our business process outsourcing service. Contact us
with the details given below with the subject line as DRY WHOLE GINGER
EXPORT IN NIGERIA: DRY WHOLE GINGER EXPORT CONTRACT.
At
Foraminifera Market Research {www.foramfera.com}, we provide bespoke
and up to date market research reports for beginners and exporters
already in the commodity export market.
Our
reports are designed to assist start-ups to understand the legal and
financial requirements of starting the business, the market trends
vis-a-vis demand and supply, competition, risk identification and
mitigation strategies.
You can order our detailed feasibility report on the export of dry whole ginger in Nigeria by clicking on the link below.
Report Code: FORA/08/2011/036
Do
you require one- on- one training on the subject matter? Contact us
with any of the details provided below to arrange a meeting
Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}
Mobile Number: +234 {0} 8033782777 {Monday – Saturday; 8 am – 6 pm}
E-Mail Address:
enquiries@foramfera.com
Office Address:
61-65 Egbe- Isolo Road,
Iyana Ejigbo Shopping Arcade,
Block C, Suit 39,
Iyana Ejigbo Bus Stop,
Ejigbo, Lagos.
Like and Follow us on
Twitter: https://twitter.com/fmarketresearch
HUMAN DEVELOPMENT PROGRAMMES AND TRAINING OPPORTUNITY IN NIGERIA
Our human development training programmes are designed to assist our client set-up their respective business on a sound footing.
The
training cuts across different segment of the economy to include
Agriculture, Export and Import, Food and Beverage, Manufacturing, Mining
and Quarry, Oil and Gas, Retail Industry, Telecommunication, Tourism
and Transportation and are facilitated by seasoned professionals in
their respective fields.
Please do visit the link below to access available training programmes
Foraminifera
Market Research is a dynamic market intelligence company providing
comprehensive market research solutions and strategic intelligence
services to start-ups and existing businesses in Nigeria.
We
prepare business plan, feasibility study and market report for the
small and medium scale industries and develop the entrepreneurial
capacity of our client with the aim of providing the much needed
business data in Nigeria.
In
keeping with our vision of providing services that adds value to our
clients business and resources to develop their business into a strong
and visible global brand, we would like to introduce to you to our
sister websites
www.nigeriaoilandgasportal.com { The one stop for the oil and gas industry in Nigeria}
www.marketreportportal.com { Marketing and Sales of Market Intelligence Report}
www.nigeriabusinessplace.com {Online Business Forum}
