✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

FG, farmers hold cocoa summit, set target of 1m tons annually

The Ministry of Agriculture and Rural Development and the Cocoa Farmers Association of Nigeria on Tuesday in Abuja held the Nigeria Cocoa Summit to address the challenges confronting the industry in the country.

The Minister of Agriculture and Rural Development, Dr Mohammed, Mahmood Abubakar, said for several years, Nigeria which was once a major cocoa producer now lags behind Cote d’ Ivoire, Ghana and Indonesia in cocoa production.

He cited current statistics where Cote’d Ivoire produces more than 2 million, Ghana with over 880,000, Indonesia about 660,000 tons while Nigeria produces just 328,000 tons due to old trees, lack of improved seedlings, climate change, pesticides over use and pest infestations.

SPONSOR AD

Represented by Hajiya Karama Babaginda, the Director, Federal Department of Agriculture, the minister said the ministry in collaboration with all the relevant stakeholders were working towards increasing cocoa output to 1 million tons annually.

This is also in line with the new National Cocoa Plan as proposed to be sent to the Federal Executive Council by the federal ministry of agriculture and rural development and the Federal Ministry of Trade and Investment.

“The National Cocoa Plan 2020-2030 is aimed at promoting a sustainable cocoa economy; resurgence in production and industrialization to trigger a robust domestic consumption, farmgate prosperity, youth engagement thereby leading to increased foreign exchange earnings from exports of consistently superior quality beans and products,” the minister said.

Earlier in his address, the national president of Cocoa Framers Association of Nigeria, Comrade Adeola Adegoke, said the summit was to take into cognizance, the danger of EU/ECA and Crop Life International regulations on agro-inputs on minimum residues limits pose on the cocoa supply chain.

“The consequences of our nation unregulated or total liberalization of the cocoa industry which has deprived Nigerian smallholder cocoa farmers almost the sum of N50 billion yearly as a result of our action not joining Ivory Coast and Ghana in the collection of $400 per ton known as Living Income Differential (LID) paid to cocoa farmers aside the cocoa floor price in those countries by the World Cocoa buyers,” he said.

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.

NEWS UPDATE: Nigerians have been finally approved to earn Dollars from home, acquire premium domains for as low as $1500, profit as much as $22,000 (₦37million+).


Click here to start.