• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketTreasury BillsMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Finance

      Stringent regulations, business environment forced Stanbic IBTC out of BDC business

      19 hrs

      Finance

      Cautious equities trading see gains in Flour Mills, Mobil, Wapco push market cap to ₦21.09trn

      20 hrs

      Finance

      CBN issues guidelines for QR codes operation in Nigeria

      20 hrs

      Finance

      Global Equities: Positive sentiment buoys global markets’ performance on vaccine rollout, Biden confirmation

      January 13, 2021

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      Frontpage

      Moody’s sees negative 2021 outlook for sub-Saharan Africa, with severe economic challenges

      19 hrs

      Commodities

      Metals make sluggish gains on LME, SHFE, as investors anticipate US stimulus

      19 hrs

      WORLD BUSINESS & ECONOMY

      Smart home market profits to reach $176bn in 2025, rising by 127%  

      19 hrs

      Technology

      Zoom to float $1.5bn in fresh capital issue, approaches SEC

      20 hrs

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Frontpage

      NNPC moves to rehabilitate downstream infrastructure, openscontract bids

      19 hrs

      Companies

      Ardova enters acquisition talks with Enyo as part of expansion drive  

      19 hrs

      Oil and Gas

      NNPC reaffirms commitment to OPEC+ agreement   

      19 hrs

      Imo

      FIRST E&P faces CSR headwinds in Bayelsacommunities, ahead OMLs 83, 85 production start

      20 hrs

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analyst Insight

      Data privacy maturity model in organisations

      January 11, 2021

      Analyst Insight

      Stocks set for more record highs

      January 11, 2021

      Analyst Insight

      2021: Time for Nigeria to move into higher gear?

      January 11, 2021

      Analyst Insight

      The trouble with commissions

      January 5, 2021

Agric

Nigeria to generate $10 billion from hives, honey – USAID

June 30, 20171.1K views0 comments

Nigeria can generate over 10 billion dollars from local and international trade in honey and other hive products, David Musa, Team Leader, USAID Bee Keeping Pollination Project said.

According to report from NAN, Musa disclosed this during an interview on the sideline of a Capacity Building Workshop for bee-farmers in Goshen, Nasarawa State on Thursday.

In his words, ‘‘Honey trade can generate up to 10 billion dollars if you look at cumulative values from honey and other hive products and the value of pollination.’’

The team leader who also the Public Relations Officer of the Nigeria Apiculture Platform, further disclosed that the domestic consumption rate of honey in the country was currently 380,000 tonnes, with a global price of about 4.5 billion dollars, stressing the need for Nigeria to get honey export certification from the European Union, as it would give credibility to the forthcoming largest Africa Apiculture Trade to be hosted by Nigeria in 2018.

Read Also:

  • Nigeria can generate 30,000MW of electricity by 2030, say GenCos
  • Of international counterterrorism assistance to Nigeria
  • CBN issues guidelines for QR codes operation in Nigeria
  • Positioning Nigeria’s agriculture as financial stronghold for AfCFTA
  • Nigeria’s railway e-ticketing platform launch set for next week

‘‘Nigeria is going to host the largest bee keeping trade in Africa, which is the largest platform that will bring together many bee keeping enterprises, which will put the country on the global bee keeping map.Image result for David Musa, Team Leader, USAID Bee Keeping Pollination Project

‘‘Nigeria consumes about 380,000 tonnes of honey a current global price of about 4.5 billion dollars and that is just domestic consumption of honey; we have not gone into industrial production, cosmetics, and pharmaceuticals,’’ he said.

Also speaking, Mohammed Mahmud, a bee-farmer and participant at the workshop, commended the Federal Government and the Nigerian Export Promotion Council (NEPC) for the workshop.

Mahmud, who is also the House Committee Chairman on Population and National Identity Card, assured that necessary legislation capable of driving the bee farming industry would be looked into by the National Assembly, though the Federal Government had made necessary provision in the 2017 budget to establish standard laboratory to test hive products before exportation, he said.

 

NAN reports that other bee farmers and participants at the three-day programme/workshop tagged: ‘EU Third Country Listing;’ An Eligibility Criteria to Export Honey to the EU Market, expressed regret over the constant neglect of bee farming, and therefore called for more support from the federal and state governments to make the trade attractive to many farmers.

Share on Facebook Tweet Email
Tagshives honey Nigeria USAID
PreviousApple’s Cook reaped $145 million in 2016, most of S&P 500 CEOs
NextOpposition mounts against Indian firm’s take-over of Itakpe Iron Ore Mining Company

Leave a comment

- Cancel reply

MARKET DATA

Market Videos

Recent Posts

  • Nigeria’s railway e-ticketing platform launch set for next week
  • Stringent regulations, business environment forced Stanbic IBTC out of BDC business
  • Copper faces downturn in H2 of 2021, analysts predict
  • NNPC moves to rehabilitate downstream infrastructure, openscontract bids
  • Moody’s sees negative 2021 outlook for sub-Saharan Africa, with severe economic challenges

World

Africa

Buhari, Okonjo-Iweala congratulate Adesina over reelection as AfDB President

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

US unexpectedly lifts Iran-related sanctions on Chinese tanker company

Oil and Gas January 31, 2020

1
2

Nigeria to adopt African standards on sugar, sugar products

Frontpage April 24, 2018

3

Oil prices rise despite impact of China virus on fuel demand haunting the market

Energy January 24, 2020

4

Nigeria national oil company data show production down 69% at new Lagos Aje oil field

Frontpage July 5, 2017

5

Nigeria’s 9mobile starts repaying debt after Teleology takeover

Frontpage November 23, 2018

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.