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
Elaeis guineensis point is damaged, sometimes by "Oryctes" beetles. Small, distorted leaves resembling a boron deficiency emerge. This is often followed by secondary pathogenic infections in the spear that can lead to spear rot and palm death. "Elaeis guineensis" originated in Guinea, Africa and was first illustrated by Nicholaas Jacquin in 1763. Oil palms were introduced to Java by the Dutch in 1848, and to Malaysia (then the British colony of Malaya) in 1910 by Scotsman William Sime and English banker Henry Darby. The species of palm tree "Elaeis guineensis" was taken to Malaysia from Eastern Nigeria in 1961. As noted it