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The method was changed in the 1980s based on recommendation from the World Bank and the International Monetary Fund as the marketing boards had proven to be ineffective. WRITTEN BY: LightCastle Analytics Wing At LightCastle, we take a data-driven approach to create opportunities for growth and impact. Answer (1 of 4): Importance of cash crop: 1. fun+work=success, Click Here to Visit his blog https://smartincomepro.com, Guest Post: The 10 Most Profitable Cash Crops In Nigeria, on Guest Post: The 10 Most Profitable Cash Crops In Nigeria, INTERVIEW SECTION: Youths should embrace Agriculture as a viable Profession and Vocation, Orange Fleshed Sweet Potato in Nigeria: The New Gold, How to start Okra Farming in Nigeria : Startup Guide, Goat Farming in Nigeria: Beginners Guide. It is also one of the best food crops to cultivate as the demand for it is really high. The crop groundnut is regarded as a profitable cash crop because their entire products are useful and it is one of the major sources of edible oil in the world. It is widely consumed by many people across the globe and has been ranked as the Statistically, Nigeria is the highest importer of rice globally and the largest producer in West Africa. Soda Ash & Tintomite. Oil palm grows in abundance in that tropical area but can also do well in a high climate condition that has abundance of rainfall as well. Gen2general (saleh Henry) is a young programmer, entrepreneur and a blogger with great ideas rolling everyday, easy going and fun to be with. Please pro can you teach me how too do peanot farming? Zamfara. 36. Check your inbox to be the first to know the hottest news. The other part of Nigeria, the north, is mostly dry for five to seven months. Profitable Cash Crops In Nigeria Coffee: Coffee as a Cash crop has two widely grown species which are Arabica and Robusta. The NACOTAN (National Cotton Association of Nigeria) received millions of naira to develop the area further. This cash crop is cultivated in States such as Edo, Delta, Ondo, Ogun, to mention but a few. Rice is one of the most consumed food crops in Nigeria. list of cash crops in nigeria and their location Rubber: Nigeria and West African has been know for the production of rubber. Agriculture in Nigeria - Agricdemy The crop is cultivated in the South-Central and South-Eastern parts of the country. Currently, the majorcashewproducing countries is Vietnam, Nigeria, India and Ivory Coast. On the other hand, the amount cultivated by the Nigerian farmers cannot meet the local demand. Interestingly, Nigeria is the largest producer of rice in West Africa.