Optimism is running high among key players in Nigeria’s coffee industry, with expectations that the sector holds the potential to generate $2 billion in revenue over the next two to three years.

This positive outlook is driven by the increasing demand for coffee from developed economies, a trend that industry insiders are eager to capitalize on.

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Data sourced from the United Nations COMTRADE database on international trade revealed that Nigeria’s exports of coffee, tea, mate, and spices amounted to $38.63 million in 2021.

In response to this, industry leaders are strategically positioning themselves to tap into the growing global appetite for coffee products.

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Africa, as a continent, plays a crucial role in satisfying international coffee cravings, contributing a significant 80 percent of the United States’ coffee imports.

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Lanre Segun, the President of the West Africa Specialty Coffee Association, shared these insights during the World Coffee and Tea Expo in Lagos.

He stated, “In the next 2 to 3 years, by aggregating our cultivation capacity, we aim to generate $2 billion in coffee revenue.”

This ambition is based on a substantial international interest in Nigerian coffee, with exports already reaching countries like Japan and Canada.

Segun emphasized the need to stimulate interest in coffee cultivation among Nigerians and provide accurate information about the industry. “Many people confuse coffee with cocoa, and some even consider coffee a byproduct of cocoa. Securing land is a key challenge,” he noted.