The Nigerian Government has pledged to revive the country’s cocoa industry and revitalise the entire agricultural value chain across the country.
Nigeria’s Vice-President Kashim Shettima told a delegation from the World Cocoa Foundation (WCF) led by the WCF President, Mr Chris Vincent. at the Presidential Villa in Abuja that the government is committed to transforming Nigeria from a cocoa producer into a global cocoa processor.
He said that the Federal Executive Council (FEC) had approved the creation of a National Cocoa Management Board (NCMB) to support the sector’s revival.
According to him, the administration is focused on promoting sustainable cocoa farming and forest preservation, aiming to add value through processing.
“We must walk the talk. Nigeria once ranked among the world’s top cocoa producers, but oil shifted our focus.
“We can restore that glory. The Nigerian President is determined to revive cocoa and all agricultural value chains nationwide,” Shettima said.
He stated that cocoa prices have soared globally and that the Renewed Hope Agenda is Nigeria’s chance to reposition the industry.
He emphasised the need for Nigeria to begin processing cocoa rather than merely exporting raw beans.
Shettima told the WCF team that Nigeria has a large pool of capable, youthful manpower ready to engage in agriculture.
“We don’t just want to be producers. A tonne of cocoa earns $9,000, but processed cocoa can fetch $30,000.
“If transformed into chocolate bars, returns can go up to $50,000. That’s significant added value.
Shettima disclosed that he is personally establishing a cocoa farm to lead by example and encourage others.
He explained that his motivation was not profit, but a commitment to improving social welfare through employment creation.
Earlier, Vincent had expressed WCF’s readiness to partner with Nigeria in line with the European Union’s sustainable cocoa regulations.
“We face a global cocoa shortage. Prices have quadrupled in the last three years.
“We’re seeking new, sustainable cocoa sources. WCF represents the entire global supply chain, including top chocolate and cocoa manufacturers.
“We align with industries that aim for sustainable growth. Nigeria’s ambition to grow cocoa is very promising.
“The time is now. With current supply deficits, the next two to three years present real growth opportunities,” local media reports quoted Vincent as saying.
GIK/APA