Nigerian Government Joins IRSG

The International Rubber Study Group has announced that the Government of Nigeria is now a member of the Group. “Rubber production [in Nigeria] has been established on a significant scale since the 1940s. Rubber area increased in the early stage, but due mainly to the higher oil price, the area has been declining recently.

Despite declining, Nigeria may still have the largest area under rubber in Africa at an estimated 145,000 hectares and hence a high potential for the future. NR consumption is relatively small and stable at about 16,000 tonnes a year, while SR consumption is about 5,000 tonnes per year,” the IRSG reported in a membership statement. .