• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Nigeria’s cocoa production to hit 500,000 tonnes by 2024-Minister

Cocoa

The Matters Press by The Matters Press
June 8, 2022
Reading Time: 2 mins read
0
EU not planning to ban Nigeria’s Cocoa

The Minister of Agriculture and Rural Development, Dr Mohammad Abubakar, has reiterated the commitment of the Federal Government to increase Nigeria’s cocoa production from the present 340,000 tonnes to 500,000 tonnes by 2024.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

A statement by Mr Mohammed Gana, Information Officer II, in the Ministry said the minister made this known during a courtesy visit by Mr Arrion Michel, Executive Director, International Cocoa Organisation (ICCO), on Tuesday in Abuja.

The minister said that Nigeria was ranked number four among cocoa producing countries in the world.

He assured that Nigeria could achieve an increase in cocoa production based on the present drive of the Federal Government and relevant stakeholders towards utilisation of improved varieties.

“Recently, Nigeria has made a remarkable move to join the Living Income Differential (LID) initiatives which was established by Cote d’Ivoire and Ghana in 2019 which aims at guaranteeing the livelihood of small holder farmers through LID of $400/ton of cocoa beans sold.

” The two countries are benefiting while Nigerian cocoa farmers are at disadvantage of this benefit due to unregulated and liberalised cocoa industry in the country,” he said.

Abubakar said that the interactive meeting between Nigerian delegation and Ghana cocoa board had yielded a positive result with the recent approval by ministry to establish the National Cocoa Management Committee (NCMC).

“The committee will consist of all relevant stakeholders in the Nigerian cocoa industry, develop a framework for the regulation and monitoring of all activities in the cocoa sector in order to achieve transparency, traceability and sustainability,” he said.

He said that the NCMC would be powered by legislation through the National Assembly to give the process a legal backing.

The minister pledged that the ministry would implement the LID system as the country strives to take cocoa production to a new height.

Earlier, Michel thanked the minister for his hospitality and revealed that Africa produces about 80 per cent of cocoa ” but the price is determined in Europe and there is need to address the issues of market force”.

He also pointed out that “Cote d’Ivoire, Ghana and Ecuador are the major producers of cocoa while Nigeria is the fourth producer of the product, saying that the product is a key to small holders farmers in many countries.”

In his remarks, the Director, Federal Department of Agriculture, Mr Abdullahi Abubakar, represented by Mr Bendard Ukattah, a Deputy Director in the ministry commended the minister for his commitment to ensure that country cocoa value chain strives.

He also appreciated Michel and his team and the Federal Ministry of Industry Trade and Investment for their efforts and pledged the ministry’s cooperation to move the cocoa sub sector forward.

Tags: Cocoa
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
Trading in Nigerian stock market dips further N83bn

Equities market loses N41.46bn

“Naira-4-Dollar” getting results

Naira gains by 0.12% at Investors and Exporters window

Recommended Stories

Covid-19 causes GDP’s contraction

Automotive sector records $1bn investment in Nigeria

February 1, 2023
Islamic bank supports Kano with N29.7m to upgrade grains market

Islamic bank supports Kano with N29.7m to upgrade grains market

February 7, 2022
Coronavirus hits hard as China records 811 deaths

China’s Central Bank adds liquidity via reverse repos

February 19, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us