The Nigerian Government says that it plans to increase cocoa production to 500,000 metric tonnes by 2025 from 340,000 metric tonnes achieved in 2022.
The Permanent Secretary in the Federal Ministry of Industry, Trade, and Investments, Mr. Nura Rimi, said at the Pre-National Trade Dialogue Series Meeting in Abuja on Tuesday that cocoa played a critical role in Nigeria’s economic development.
Rimi, who was represented by Kaura Irmiya, the Ministry’s Director of Commodities and Export, stated that Nigeria is the world’s sixth-largest cocoa producer.
Speaking on the theme of the meeting, “The State of Nigeria’s Global Trade Ecosystem: Bridging the Gaps for a Renewed Programme”, he said: “Our cocoa exports have grown significantly, with a revenue increase of 50 per cent in 2022. We aim to increase cocoa production to 500,000 metric tonnes by 2025.
“Our investment partnerships have been instrumental in driving growth in various sectors of our economy,”
According to him, security concerns in certain regions could deter investments and hinder economic growth.
Rimim however, called for continued efforts to attract more investments, promote trade, and foster partnerships within the country.
GIK/APA
Nigeria plans to raise cocoa production to 500,000 tonnes by 2025
