Economy of Nigeria of 5%. By 2012, expenditures stood at $31.61 billion, while revenues was $54.48 billion. Nigeria ranks sixth worldwide and first in Africa in farm output. The sector accounts for about 18% of GDP and almost one-third of employment. Nigeria has 19 million head of cattle, the largest in Africa. Though Nigeria is no longer a major exporter, due to local consumer boom, it is still a major producer of many agricultural products, including: cocoa, groundnuts (peanuts), rubber, and palm oil. Cocoa production, mostly from obsolete varieties and overage trees has increased from around 180,000 tons annually to 350,000 tons. Major
Ebro Foods It also was Spain's largest sugar producer prior to the divestment of that division to the British Sugar subsidiary of Associated British Foods in 2009. Ebro Foods operates in 23 countries worldwide. Ebro Foods entered the U.S. market in 2004 when it acquired Houston-based Riviana Foods, which purchased American Rice in 2011 and now produces brands such as Mahatma, Success, Minute Rice, Water Maid and several private labels. In 2006, Ebro acquired New World Pasta, producer of Ronzoni, San Giorgio and other products, and which is also now under the Riviana corporate umbrella. Ebro Foods owns the Puleva Biotech subsidiary,