Table 7 Potential annual income from apple production
Variables | Derived estimates |
|---|---|
Average quantity of apple imports (2011–2015) in tons | 28,212.6 tons |
Average quantity of apple imports (2011–2015) in kg | 28,212,600 kg |
Average weight of South African apples | 150 g (or 0.15 kg) |
Average number of fruits imported into Nigeria annually | 188, 084, 000 fruits |
Average price per apple fruit in Nigeria | 100 Naira |
Monetary value of apple imports in Nigeria | 18, 808, 400, 000 Naira |
Mean income of apple farmers | 620, 133.3 |
Percentage of mean income to potential income per annum | 0.003% |
Income gap to be covered | 99.997% |
Verdict (possibility of huge income increment) | Yes |