At $8.99 (N3,240) per bottle, the United States is the right place to establish your groundnut business.
The bottle of groundnut sold in a US store
A bottle of groundnut which typically sells between N400 and N600 across the country, is billed at $8.99 in CAYCE FOODS, a US store.
Groundnut is mainly grown in northernstates such as Kano, Kaduna, Taraba, Bauchi, Borno and Adamawa.
It is consumed as a snack and used in making oil for cooking.
In the early 90s, groundnut pyramids were pyramid-like structures made from groundnut sacks.
Groundnut was one of Nigeria’s biggest exports in the early sixties, but the pyramids began to fade after the discovery of oil.
The Muhammadu Buhari-led administration is driving an agricultural revolution that seeks to export sundry crop to other parts of the world.