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 by its cheaper pricing, the high oxidative stability of the refined product, and high levels of natural antioxidants. The oil palm originated in West Africa, but has since been planted successfully in tropical regions within 20 degrees of the equator. In the Republic of the Congo, or Congo Brazzaville, precisely in the Northern part, not far from Ouesso, local people produce this oil by hand. They harvest the fruit, boil it to let the water evaporate, then press what is left to collect the reddish-orange-colored oil. In 1995, Malaysia was the world's largest producer, with a 51% of world share,