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
PAM (cooking oil) PAM (cooking oil) PAM is a cooking spray currently owned and distributed by ConAgra Foods. Its main ingredient is canola oil. PAM was introduced in 1961 by Leon Rubin who, with Arthur Meyerhoff, started Gibraltar Industries to market the spray. The name PAM is an acronym for Product of Arthur Meyerhoff. In 1971, Gilbraltar Industries merged with American Home Products (now Wyeth) and became part of the Boyle-Midway portfolio. When Reckitt & Colman (now Reckitt Benckiser) acquired Boyle-Midway from American Home Products in 1990, PAM became part of the American Home Foods subsidiary. In 1996, AHF was acquired by Hicks,