Report on Confectionary Industry

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY factory farm STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT indemnity Required Report - public distribution Date: 10/2/2009 GAIN Report Number: NI9010 Nigeria EXPORTER GUIDE yearly Annual Approved By: Ali Abdi, Agricultural Attaché disposed(p) By: Levin Flake & Uche Nzeka Report Highlights: Nigerias total food and sylvan imports continued to climb and in 2008 atomic number 18 valued at approximately $4.0 billion. Wheat accounted for $925 million of the $1.04 billion total U.S. bucolic exports to Nigeria in 2008. However, exports of other U.S. agricultural products are rapidly increasing, including tallow, soy meal, fish and seafood products, tobacco, and consumer-ready products. Nigerias recent import policy and port reforms are encouraging much formal trade. This, along with economic return and changing consumer demands, are expanding market opportunities for U.S. exporters. Post: Lagos SECTION I. foodstuff OVERVIEW Nigeria is the largest market in sub-Saharan Africa with a population of more than 150 million people, and a population growth consec respect estimated at three share annually.

Petroleum continues to power the boorishs economy and petroleum exports account for 20 percentage of GDP, 95 percent of total export earnings and last to 85 percent of federal government revenue. The inflation rate in 2007 fell to 7.2 percent (year on year), down from 7.5 percent a year earlier. Despite economic growth, the domestic manufacturing is in truth contracting in Nigeria, with capacity utilization in that sector reportedly dropping from 40 percent in 2007 to about 35 percent in 2008. This fall is mainly due to the high-cost and undependability of energy supplies (especially electricity) and weak infrastructure. This is creating an opportunity where there is greater corporate trust on imports. Policy implementation has been poor due to the widely range of vested political interests in the country. Of... If you want to get a full essay, order it on our website: Ordercustompaper.com

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