Tag: COCOA

  • Oyo okays N3b for cocoa rejuvenation

    Oyo okays N3b for cocoa rejuvenation

    Oyo State Government has expressed its commitment and readiness to restore the glory of cocoa production as one of the state’s major economic pillars.

    It has approved N3,030,292,472 for the establishment of Cocoa Rejuvenation Project, to be driven through a Public-Private Partnership (PPP).

    The project is to be coordinated by Oyo State Agribusiness Development Agency (OYSADA) and International Institute of Tropical Agriculture (IITA).

    Information Commissioner Prince Dotun Oyelade said the approval was given at the State Executive Council meeting.

    He said the state government was taking the initiative because Oyo State ranked fourth in cocoa production among the 18 cocoa-producing states in the country.

    Oyelade said: “The state is also being proactive by taking the opportunity created by disruptions in cocoa production in major producing countries like Ghana and Côte d’Ivoire.

    “It is the intention of Oyo State to fill the supply void as a result of the production problems facing West African countries.

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    “The Cocoa Rejuvenation Project, which costs two million, seventy-five thousand, five hundred and forty-seven dollars ($2,075,547), will be funded in three tranches over the next three years.

    “Additionally, the Council approved €50 million for Oyo State Health Care Initiative. This loan from the French Government, which Oyo State initiated about three years ago, was finally approved by the Federal Ministry of Finance in a letter dated November 10, 2025.”

    He said the loan, intended for infrastructural upgrades and equipping state hospitals, among other purposes, had also been approved by the House of Assembly to enable the state government access the funds.

    He added that Oyo State Water, Sanitation and Hygiene (WASH) Policy was also approved by the Council.

  • ‘How to optimise cocoa’s productivity’

    ‘How to optimise cocoa’s productivity’

    • New cocoa board must avoid pitfalls of the old

    With the ongoing consideration of an Executive Bill on the establishment of National Cocoa Management Board (NCMB), experts at the weekend said the restoration of the  struggling cocoa industry could only be achieved if government backs it with serious investment and disciplined execution.

    They said memories of the collapse of the former cocoa marketing board—marred by bureaucracy, corruption, delayed payments and arbitrary price-fixing—have continued to cast a long and troubling shadow.

    Stakeholders cautioned the government to avoid recreating a cumbersome bureaucracy that could choke private-sector creativity and undermine farmer competitiveness.

    Development Agenda for Western Nigeria (DAWN) Commission welcomed the Federal Government’s proposal, describing the NCMB as a “positive development” that aligns with its long-standing recommendations for restructuring the Southwest’s food system.

    According to its Director-General, Dr. Seye Oyeleye, the absence of a structured market system has exposed farmers to severe risks.

    “Southwest farmers face severe challenges: price volatility, limited market access and exploitation by middlemen. Middlemen dominate value chains, creating significant price disparities. The historical success of commodity boards in organising agricultural markets and protecting farmer interests provides a strong foundation for their revival,” Oyeleye said.

    He argued that the NCMB could restore institutional coordination, strengthen quality standards and facilitate better market integration, positioning Nigeria to regain its competitiveness in the premium cocoa market.

    To ensure the institution does not repeat the failures of its predecessors, he outlined key governance and operational reforms. Oyeleye insisted that the board must be independent, with strong private sector and farmer representation, while being protected from political interference. He stressed the need for technical experts in cocoa agronomy, processing and international trade.

    Oyeleye urged the NCMB to focus on establishing grading standards, setting transparent pricing mechanisms and linking cooperatives directly to international buyers.

    A central plank of DAWN’s recommendations involves prioritising international certification and compliance. He emphasised the need to help farmers meet the European Union Deforestation Regulation (EUDR) requirements and obtain sustainability certifications such as Rainforest Alliance, Fair Trade and organic labels, which attract premium prices. He also called for the implementation of end-to-end digital traceability systems to verify product origin and ensure compliance with global buyers’ demands.

    The commission warned that the proposed board must differ fundamentally from previous structures. “We must not create a monopoly purchasing system that breeds inefficiency but rather focus on regulation, standards and farmer support.The board should be a catalyst for transformation, not a bureaucratic burden. Success requires genuine commitment to transparency, farmer-centered design and learning from historical failures,” Oyeleye said.

    Director- General , Oyo State Agribusiness Development Agency (OYSADA), Dr. Debo Akande, urged the Federal Government to decentralise the NCMB, keeping its mandate focused on regulation and research rather than trade. He warned that centralisation could repeat past mistakes, just as it reportedly contributed to the failure of Indonesia’s cocoa management board.

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    “More than often we don’t learn from history. And we repeat the same situation without even looking at the global context in the days that we are,” Akande noted. He argued that agriculture should not remain on the exclusive legislative list and suggested that cocoa management may be better handled at regional or state levels. “Which part of the country is producing cocoa? Can we rather look at a regional cocoa management body?” he asked, proposing that oversight fall under regional development commissions.

    Akande criticised the  culture of overcentralisation. “We centralise everything too much. And that is one of the problems that have given our agricultural sector problem today. Let every region focus on their area of competitive and comparative advantage,” he said. He warned that a national board could be politicised in ways that disregard the geography of cocoa production. “You don’t want somebody sitting in Zamfara tomorrow to say this has become a political position… when nothing in terms of cocoa is being done in the place,” he argued.

    To highlight the importance of production support, Akande pointed to Oyo State’s initiative to produce over one million cocoa trees within the next three to four years, in partnership with International Insttutute for Tropical Agriculture (IITA) and the Cocoa Research Institute of Nigeria (CRIN). He also disclosed that discussions with Belgian chocolate manufacturers were underway to deepen local sourcing and expand first-layer processing in Nigeria.

    Chairman, Board of Trustees , Cocoa Association of Nigeria,(CAN) Dr. Victor Iyama,  warned that reintroducing a centralised board risks reviving the corruption that once crippled the industry. Drawing from decades of experience, he argued that Nigeria’s current liberalised cocoa market is more beneficial to farmers.

    “Our farmers are earning the best prices ever. It’s free enterprise, free exit, free entry,” he said. Iyama recalled the disastrous consequences of the former commodity boards. “Why were the boards scrapped in the first instance? Because of serious corruption,” he stressed, noting that cocoa production plummeted from about 400,000 tonnes to 86,000 tonnes. He said farmers were so frustrated they began cutting down cocoa trees, a fate that befell coffee as well.

    Iyama argued that the push for a new board is “misplaced advice,” insisting that government must strictly limit itself to regulation. “They must not be involved in buying and selling of agricultural commodities,” he said. Instead, he proposed an “agri-commodity management committee” covering all cash crops, noting that Nigeria has “about 18 agricultural commodities that can bring in good foreign exchange.”

    He criticised past board administrators, alleging that they “were buying all sorts of cars, building all sorts of houses at the expense of the farmers.” He urged government to consult “those who know the nitty-gritty” of past failures to avoid repeating them.

    National President, Cocoa Association of Nigeria (CAN), Mr. Mufutau Abolarinwa,  called for a public hearing on the NCMB bill. He revisited the history of the 1987 dissolution of the cocoa marketing board, describing corruption and farmer frustration as the main causes. “When the farmers started cutting down the cocoa trees… that’s one of the reasons why the military government then scrapped the entire marketing board,” he noted.

    Abolarinwa clarified that the new proposal removes marketing entirely from the board’s functions, focusing instead on technical oversight and ensuring compliance with international standards. He insisted that the board must remain free of politicisation. “Government should remove politics out of it. They should call the people actually involved in this trade to ensure that they do the right thing,” he said.

    He warned that government funding would create opportunities for corruption. “As long as government starts introducing giving money, giving allocation, the team will not get the result we are expecting to get,” he said, advocating that organisations represented on the board should finance their participation themselves. He also stressed the importance of funding CRIN, distributing hybrid seedlings and setting production targets for all cocoa-producing states, noting Nigeria’s potential to drastically increase production.

    Agricultural expert, Prof. Tunji Arokoyo also questioned whether the sector  is better positioned now to manage a cocoa board effectively. “What killed it? Are we better now than then or even worse?” he asked, emphasising that the board must protect farmers’ interests, ensure stable pricing and guarantee timely access to quality inputs.

    Prof. Damian Agom of Akwa Ibom State University said the NCMB could significantly improve the sector if it focuses on traceability, extension services, research, market information and improved access to these services for farmers. He cautioned, however, that “the management board should not be involved in product marketing and price fixing,” arguing that access to international price information is crucial.

    Director of Research Outreach CRIN, Dr. Samuel Orisajo,  described the NCMB bill as a “highly commendable and necessary step” to restore Nigeria’s standing in the global cocoa market. He highlighted the vacuum created when the former cocoa board was scrapped in 1986 without transferring responsibilities to any successor institutions. This, he said, created “uncoordinated and untoward developments” that have damaged cocoa quality and caused production to “nose-dive.”

    Orisajo recommended that the NCMB focus on regulation, coordination and strengthening cooperatives rather than fixing prices. He urged policies to promote domestic processing and value addition, arguing that Nigeria must reduce dependence on raw bean exports. He also called for expanding cocoa plantations, rehabilitating old farms and providing credit to help farmers meet international sustainability standards.

    Assistant Director at CRIN, Dr. Kayode Oluyole , expressed strong support for the board, arguing that it would improve quality and stabilise pricing. He emphasised that lapses in fermentation, drying and quality control have significantly undermined Nigeria’s cocoa reputation. “Some farmers may not even ferment for a single day before drying,” he lamented, noting that such practices destroy flavour and reduce market value. He recalled that former marketing boards conducted rigorous quality checks, which no longer exist.

    Oluyole argued that the NCMB would correct these deficiencies and address challenges related to input supply, pricing disparities and traceability. He pointed to Ghana’s cocoa board as an example of strong regulatory oversight. “My conclusion now is that it is advisable; I strongly recommend that the board is put in place,” he said.

    The proposed National Cocoa Management Board has therefore ignited a fierce national debate, balancing renewed optimism for a coordinated cocoa revival against deep-seated fears of repeating historical mistakes. While supporters view the NCMB as the institutional backbone needed to revive Nigeria’s declining global share—now down to just six percent—critics warn that only transparency, decentralisation and strict limits on government intervention will prevent another era of waste, corruption and stagnation.

    President Bola Tinubu’s administration approved the board in April 2025, with a mandate to coordinate production, improve quality, expand processing capacity, foster regional cooperation and support climate-smart agriculture. Stakeholders agree that Nigeria must urgently align with global regulations such as the EUDR, but they remain sharply divided on how the NCMB should be structured to deliver on these ambitions.

  • Fed Govt moves to establish cocoa management board

    Fed Govt moves to establish cocoa management board

    President Bola Ahmed Tinubu has written to the House of Representatives seeking the passage of a bill to establish a National Cocoa Board.

    The communication was read at the plenary by Speaker Abbas Tajudeen, who said the proposed Executive Bill was being transmitted to the parliament in pursuant to section 58 sub-section 2 of the 1999 constitution (as amended).

    The President stated that the National Cocoa Management Board establishment bill 2025 seeks to establish the National Cocoa Management Board to regulate promote and harmonise cocoa related activities across the country and for other collected purposes.

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    “The establishment of the Board will enhance effective coordination of the Cocoa value chain improve standards and strengthen Nigeria’s participation in the global economy,” President Tinubu stated.

    The President solicited for an accelerated consideration and passage of the bill by the House.

  • Cocoa, cashews fuel agricultural export growth

    Cocoa, cashews fuel agricultural export growth

    Nigeria’s agricultural export sector has shown significant growth and diversification from 2023 to early this year, with a notable shift towards higher-value, processed goods, according to various reports, including the National Bureau of Statistics (NBS) .

    In the first nine months of 2023, Nigeria’s top agricultural exports were valued at N798.50 billion. The leading commodities were superior quality cocoa beans (N157.77 billion), followed by sesamum seeds (N129.20 billion) and cashew nuts in the shell (N100.75 billion). There was a notable increase in the export of shelled cashew nuts in the second quarter and a significant rise in ornamental flowers in the third quarter, indicating a growing diversity in the country’s agricultural export base.

    The sector experienced rapid expansion last year , with agricultural export values soaring to N4.4 trillion, a 257 per cent  increase from the previous year. The growth solidified agriculture as the  third-largest export contributor. The top agro exports last year  were superior-quality cocoa beans (N1.7 trillion), standard-quality cocoa beans (N679 billion), and sesame seeds (N613 billion).

    Read Also: Women to govts: include us in AU cocoa development plan

    This momentum continued into the first quarter of this year , with agricultural exports reaching N1.70 trillion, a 64.65 per cent increase year-on-year. Cocoa and its derivatives were the primary drivers, contributing N1.23 trillion to the total. Major buyers included the Netherlands and Belgium. Cashew nuts in the shell and sesamum seeds also performed strongly. The export of non-traditional items  such as  ornamental flowers and frozen shrimps and prawns also saw growth, further highlighting diversification. On the whole, Nigeria’s total non-oil exports were valued at US$3.225 billion in  the first half of this year  , a 19.59 per cent  increase from the same period last year. The volume of exports also grew to 4.04 million metric tonnes. The Nigerian Export Promotion Council (NEPC) attributed the  growth to increased global demand, enhanced market access via the African Continental Free Trade Area (AfCFTA), and government-led export interventions.

    The Chief Executive, Produce Export Development Alliance, Adetiloye Continental, attributed the   recent agricultural export growth to a combination of factors. He highlighted that more local producers are “awakening to the fact that there are alternative markets outside the local market that they are currently serving.This increased awareness has led to more people meeting international standards, which is crucial for global trade.”

    According to Continental, disruptions in global trading patterns and a spike in demand for “explicitly sourced goods” have also played a significant role. He also noted a rising global demand for “superfoods” such as ginger, spices, and hibiscus, which are prevalent in the tropics. “This demand is particularly strong in developed countries with aging, health-conscious populations.”

    He pointed out that Nigeria’s agricultural exports have more than doubled between 2023 and 2025, with exports growing from about three  to six percent  of the total agricultural production. “That’s very significant,” he concluded, emphasising the momentum of the sector’s growth.

    EU agri-food imports were EUR 15.2 billion in February this year, down five per cent from January but still 15 per cent higher than last year’s levels due to high global prices, especially for cocoa and coffee. High prices for cocoa, coffee, fruit, and nuts pushed EU import values higher early this year. Cocoa and coffee alone accounted for a EUR 2.5 billion increase (+59 per cent), while fruit and nuts added another EUR 772 million (+20 per cent). According to the AFEX 2025 Annual Commodity Review and Outlook Report, cocoa is expected to maintain its upward trajectory, with prices projected to rise another 34 per cent on strong global demand and the added cost of meeting EU compliance standards.

    The report urges policymakers to prioritise investment in climate-resilient farming, reduce trade barriers, and boost local production to safeguard food security. For investors, AFEX recommends diversifying portfolios and adopting sustainable practices to manage risks from weather extremes and market volatility.

  • Nigeria’s cocoa exports surge to N1.2tr

    Nigeria’s cocoa exports surge to N1.2tr

    Nigeria’s cocoa industry has recorded a jump in exports in the last quarter of 2024, rising from N171 billion in Q4 2023 to N1.2 trillion.

    The Senior Special Assistant to the President on Agribusiness and Productivity Enhancement, Dr. Kingsley Uzoma, said who disclosed this at the Nigeria–EU Cocoa Roundtable on EUDR Compliance, described cocoa as a strategic non-oil export driving the nation’s shift away from petroleum dependency.

    Cocoa now accounts for roughly 29per cent of Nigeria’s total agricultural exports and 5.6per cent of non-oil exports, with over 300,000 smallholder farmers producing 80per cent of the national output.

    In the 2023/2024 season, Nigeria produced 320,000 tons, aiming to reach 500,000 tons by 2025 through targeted interventions.

    The roundtable focused on compliance with the European Union Deforestation Regulation (EUDR), which from December 2025 will prohibit the import of cocoa linked to deforestation after December 2020. The EUDR requires full supply chain traceability, due diligence, and proof of deforestation-free production aligning with Nigeria’s green economy and climate change goals.

    Dr. Uzoma said compliance could unlock opportunities in traceability technology, blockchain systems, and satellite mapping, while boosting farmer incomes and productivity.

    According to him, the government is also working to harmonise sector data, establish a national traceability system, and engage agencies including the Nigeria Customs Service, FIRS, and NASDRA.

    Minister of Industry, Trade and Investment Dr. Jumoke Oduwole stressed that with the EU accounting for over 60per cent of Nigeria’s cocoa exports, compliance is an economic, environmental, and developmental imperative and part of President Bola Tinubu’s $1 trillion economy target under the Renewed Hope Agenda.

    Deputy Director of Cocoa at the Federal Ministry of Agriculture and Food Security, Ajayi Olutobaba,  who represented the minister, Senator Abubakar Kyari, said the summit provided a unique platform for stakeholders in the cocoa value chain to align their activities with the National Task Force on EUDR compliance, inaugurated on October 8, 2024.

    “Nigeria has the capacity to meet up with this deadline because most of our exporters are already compliant.

    Read Also: Ondo declares war against cocoa adulteration

    “Our task now is to harmonise the data, warehouse it, and have a national traceability and sustainability system. Once data sovereignty, security, ownership, and acceptance are guaranteed by the Federal Government, presenting this information to the European Union will be straightforward,” Olutobaba said.

    Sustainability Manager at Tulip Cocoa Processes Limited, Dr. Taiwo Osho, reaffirmed the company’s commitment to sustainable agriculture and traceability.

    He said Tulip works closely with cocoa farmers, providing them with good agricultural practices and livelihood support programmes to meet EUDR requirements.

    Osho noted that while Nigeria’s focus had shifted towards petroleum over the years, attention was now returning to cocoa and other agricultural exports. He stressed the need for government action to clearly demarcate protected areas to guide farmers and traders.

    “Identifying boundaries is crucial because farmers are confused about where they can farm. If we want to strengthen production, we must intensify farming in designated areas and improve productivity. Nigeria has large tracts of land under cocoa, but yields remain low. Government should prioritise boosting productivity to maximise our potential,” he said.

  • FAO okays $200m for cocoa, oil palm cultivation

    FAO okays $200m for cocoa, oil palm cultivation

    The Food and Agriculture Organisation (FAO) plans to restore 18,000 hectares of degraded land in Cross River and Ondo states for sustainable cocoa and oil palm cultivation, with a goal of attracting $200 million in investments to the value chain in Nigeria.

    FAO Climate Change Specialist, Ms. Nifesimi Ogunkua, disclosed this during a four-day FAO Participatory Informed Landscape Approach (PILA) Workshop.

    The project is expected to rehabilitate 10,800 hectares in Cross River and 8,000 hectares in Ondo through regenerative agriculture and forestry practices.

    The Nation learnt that its core objectives include developing two Integrated Landscape Management (ILM) frameworks at the state level, creating four integrated land-use plans at the local government level, and strengthening four gender-sensitive policies, regulations, and financing frameworks to advance sustainable land management.

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    “FAO and its partners are to support the restoration of 18,000 hectares of land in two states for the sustainable cultivation of cocoa and oil palm.

    “The key deliverables of the project include the creation of two Integrated Landscape Management (ILM) frameworks at the state level and four integrated land-use plans at the local government level.

    “Additionally, the project aims to strengthen at least four gender-sensitive state and Federal Government policies, regulations, and financing frameworks. It also targets an increase of up to $200 million in private and public investment in the sustainable cocoa and oil palm value chain,” she said.

    Ogunkua highlighted that the project addresses gaps identified by the Federal Government regarding the European Union Deforestation Regulation (EUDR).

    Supported by funding from the Global Environment Facility (GEF) and FAO, the initiative aims to promote integrated landscape management.

    The project is designed to focus on empowering smallholder farmers to adopt sustainable land management practices, improving land tenure systems, and enhancing women’s access to land. It also prioritizes environmentally responsible cocoa and oil palm production to ensure long-term sustainability.

    Assistant Director of Land, Environment, and Climate Change at the Federal Ministry of Agriculture,    Mrs. Iyabo Mustapha, stressed the importance of the project in helping smallholder farmers align with the European Union Deforestation Regulation (EUDR), ensuring their competitiveness in European markets. She warned that failure to address environmental challenges could have lasting consequences for future generations.

    “The Federal Ministry of Agriculture is also introducing additional support packages for these farmers.

    “If we fail to address these environmental concerns, the long-term impact could be detrimental—we may not have a viable environment for future generations,” Mustapha warned.

  • UK firm boosts Nigeria’s cocoa sector with $40.5m cash

    UK firm boosts Nigeria’s cocoa sector with $40.5m cash

    An agribusiness and manufacturing conglomerate, Johnvents Group, has secured a $40.5 million investment from the United Kingdom’s development finance institution, British International Investment (BII) to boost cocoa production, enhance global export capabilities, and create economic opportunities for Nigerian farmers.

    The investment is also targeted at supporting Johnvents Group’s sustainability goal to achieve 100 per cent traceable cocoa by 2027.

    The Nation learnt that the funding will help Premium Cocoa Products Ile-Oluji cocoa processing facility, one of Johnvents Group’s subsidiaries in Ondo State to increase production from 13,000 to 30,000 metric tonnes per year.

    Speaking during the signing ceremony between Johnvents and BII yesterday in Abuja, British Deputy High Commissioner in Lagos, Jonny Baxter, emphasised the longstanding UK-Nigeria trade relationship and the UK’s dedication to supporting first-class sustainable investments that create jobs and drive mutual growth.

    The investment, he said, underscores the UK’s unwavering commitment to unlocking opportunities in sustainable land use and forestry while ensuring positive social outcomes and enhancing climate resilience for local communities and smallholder farmers.

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    He added that the initiative is expected to boost Nigeria’s cocoa industry by improving supply chain sustainability, increasing exports, and generating foreign exchange.

    Coverage Director and Head of Nigeria Office at BII, Benson Adenuga said the investment will not only benefit local farmers, but also improve Nigeria’s trade balance and global competitiveness through increased exports.

    “The investment underlines BII’s commitment to back ambitious black-owned and led domestic champions that provide innovative solutions to key bottlenecks in strategic sectors.

    “As the world’s fourth-largest cocoa producer, Nigeria holds immense potential, yet the country’s export capacity remains underutilised. This investment will enable Johnvents Group to scale up its processing capabilities, meet growing global demand, and position Nigeria as a competitive player in the international cocoa market.

    Group Managing Director of Johnvents Group, John Alamu, noted the company’s dedication to building a sustainable and globally competitive agribusiness industry in Nigeria.

    “The investment into the Premium Cocoa Products Ile-Oluji facility  one of our cocoa processing subsidiaries, coupled with our partnership with BII, represents a significant step forward in achieving this goal.

    “This investment will not only boost our processing capabilities but also empower thousands of farmers and contribute to the overall economic development of Nigeria.”

  • New European rules raise concerns on West African cocoa exports

    New European rules raise concerns on West African cocoa exports

    The Due Diligence Regulation (EUDR) of the European Union is raising considerable apprehensions among  farmers in Nigeria and other cocoa-exporting nations in West Africa.

    EUDR is set to come into full effect  this year. Under the EUDR,  cocoa  producers  exporting to the EU are required to ensure that their supply chains are free from deforestation and human rights violations. The regulation aims to curb deforestation and forest degradation linked to the production of certain commodities, including cocoa, coffee, palm oil, soy, and timber. The regulation is part of the EU’s broader efforts to address environmental and social issues linked to global supply chains.

    Cocoa is a vital export for Nigeria, with Europe being the foremost market for this commodity. From 2019 to 2023, the average annual export value of cocoa and cocoa preparations was approximately $543 million, with exports to Europe constituting over 55% of the total exports each year.

    Currently,  cocoa farmers and exporters are struggling  with meeting the new due diligence requirements. These include tracking the entire supply chain and proving that the cocoa is sourced from deforestation-free areas, which can be difficult due to the informal nature of some farming practices and limited resources for monitoring and certification.

    In an interview with The Nation, the National President of the Cocoa Association of Nigeria(CAN), Mr. Mufutau Abolarinwa, stated that stakeholders are collaborating with the EU to ensure adherence to the EUDR in order to avert potential disruptions to cocoa exports.

    This follows  concerns that this regulation may pose challenges for small-scale farmers and diminish the global competitiveness of African cocoa.  The EUDR mandates that companies must verify that the commodities they import into the EU are not associated with deforestation or forest degradation.

    Consequently, cocoa producers in West Africa will be required to establish traceability systems to demonstrate that their cocoa is sourced legally and is free from deforestation.

    Read Also: Rising cocoa prices excite exporters

    He stated that stakeholders are collaborating with the EU to map local cocoa farms, aiming to implement improved traceability mechanisms that demonstrate their cocoa does not contribute to deforestation.

    While EUDR is exerting pressure on cocoa producers to embrace more sustainable farming practices, he emphasised that the industry must work alongside the EU to eradicate practices on cocoa plantations that lead to deforestation.

    He advocated for support to enhance infrastructure and value chain systems, enabling producers to adhere to the new standards while maintaining their access to the European market. He reiterated the association’s readiness to collaborate with the EU in conducting a comprehensive preparedness assessment. The assessment is projected to identify the strengths and gaps within the current cocoa industry system, assisting stakeholders in aligning their practices with EUDR standards.

    In light of this development, the Commissioner for Agriculture and Irrigation in Cross River State, Johnson Ebokpo, has commenced efforts to create new cocoa estates. The commissioner has specified the local government areas targeted for these estates, which include Akamkpa, Akpabuyo, Bekwara, Odukpani, Obubra, and Ikom. He indicated that assessments of land suitability, community engagement, and other relevant processes have been completed in these areas. The commissioner stated that the government aims to implement a public-private partnership model, fostering collaboration between the government, local communities, and private investors to advance the establishment of the proposed estates.

    Additionally, last year,  Minister of Agriculture and Food Security, Sen. Abubakar Kyari launched the National Task Force (NTF) on EUDR to ensure Nigeria’s compliance with regulations regarding deforestation-free agricultural products and to stimulate economic growth. The Minister remarked that the establishment of the NTF is a crucial step in addressing challenges in line with the EUDR.

    Kyari added that deforestation and forest degradation were significant contributors to climate change and biodiversity loss.He noted that regulation targets commodities associated with high deforestation risks, including timber, soya, palm oil, coffee, cocoa, and cattle, along with derived products such as chocolate, leather, tyres, and furniture.Kyari stressed that “Only products that are deforestation-free — meaning they have not contributed to deforestation or forest degradation after December 31, 2020 — and are legal according to the domestic laws of the country of origin, will be permitted in the EU market.”

  • Rising cocoa prices excite exporters

    Rising cocoa prices excite exporters

    The rise in cocoa prices is leading to a surge in exports.  The price increased from $8,956.18 to $9,073.31 per tonne between November 28 and December 4.

    This price escalation coincides with a growing global demand for cocoa-based products, which may enhance profitability for cocoa farmers.

    According to the Centre for the Promotion of Imports from developing countries (CBI), bulk cocoa constitutes the largest portion of cocoa imports in Europe, with the primary importing nations being the Netherlands, Belgium, Germany, Spain, France, and Italy.

    According to data from the National Bureau of Statistics, cocoa farmers and exporters in Nigeria generated N644 billion from cocoa bean exports during the first half of the year. This represented a remarkable increase of 298 per cent compared to N161.8 billion earned in the same period last year. Nevertheless, despite the surge in global cocoa prices, local farmers in Nigeria are not witnessing a substantial improvement in their conditions.

     Managing Director, Starlink Global & Ideal, Alhaji Adeniji Adeyemi, anticipated a continued increase in cocoa prices due to concerns regarding future global supplies.

    Speaking in Lagos, he emphasised the necessity for local cocoa farmers to receive support in order to tap into both domestic and international markets, ensuring a sustainable supply of high-quality cocoa beans to satisfy the growing global demand.

    The support, he maintained, should  include the development of high-yielding, disease-resistant varieties, the implementation of integrated management practices to enhance soil fertility and manage pests and diseases, as well as efforts to increase farm gate prices and production on existing lands.

    Adeyemi reaffirmed his commitment to assist the Federal Government in achieving its goal of raising the nation’s cocoa production to 500,000 metric tonnes by 2025, up from the 340,000 metric tonnes recorded in 2022.

    Read Also: Nigeria’s cocoa market value hits $6billion

    He noted that enhancing farmer incomes necessitates a comprehensive approach and collaboration between public and private sectors.

    Furthermore, he mentioned an agreement between his organization and cocoa farmers to foster enduring relationships that will ensure a more resilient supply chain.

    Additionally, he disclosed that Starlink has formed a partnership with Odu’a Investment to oversee 25,000 hectares of farmland throughout West Africa, with plans to establish two pilot sites of 5,000 hectares each and expand operations over the next five years.

    Adeyemi announced the acquisition of Nigeria’s largest cocoa processing factory, which is expected to begin operations by April 2025, producing finished goods such as chocolate and cocoa beverages, thereby enhancing the value chain and promoting local production.

  • CRIN makes case for more Cocoa cultivation by youths

    CRIN makes case for more Cocoa cultivation by youths

    Executive Director, Cocoa Research Institute of Nigeria, (CRIN), Ibadan, Dr Patrick Adebola has charged individuals, and government to embrace cultivation of Cocoa, among other cash crops saying the produce is in increasing demands globally.

    Noting that the price of Cocoa has reached an all-time high of N15 million per tonne as against N1.8 million in January 2024, Adebola noted that the institute have been able to develop eight varieties of cocoa that can flower and fruit in 18 months as compared to the usual seven years.

    He added that, though, its price per ton has stabilized at N12 million currently, the product has become a hot cake being sought after by countries of the world.

    The CRIN boss spoke while addressing newsmen at a joint press conference to mark CRIN’s 60th Anniversary slated for Monday, December 9, 2024  as well as the hosting of the 18th edition of the Research Institutes Games of Nigeria (RIGAN) by the institute.

    He attributed sharp increase in price of cocoa to disease outbreak in Cote d’Ivoire and Ghana, the two leading producers of cocoa in the world.

    He said the situation led to about 40 percent loss of the crop in the two countries.

    According to him, country has the potential to become the highest producer of Cocoa and boost it’s foreign exchange  earnings if adequate attention was given to the sector by government.

    He urged Nigerians, especially the youth to embrace agriculture especially cocoa, cashew and other crops to generate more income and boost the economy.

    “Cote D’Ivoire is the largest producer of cocoa producing about 2 million metric tons followed by Ghana with 900,000 metric tons. Nigeria is still 300,000 tons. Meanwhile, we have more land and everything than both countries. Nigeria can become number one.

    He said, “I believe that the current administration of President Bola Tinubu is doing the right thing because I can see a lot of improvement in terms of support to farmers. That support should reach the right farmers and not the political farmers.

    “As at January this year, a ton of Cocoa use to sell for N1.8 million, the price has risen to about N15million per ton but has now stabilized at N12million now.  That is to tell you that Cocoa production is no joke, it is the way to go now.

    “If you have one hectare of land, it will give you 1111 trees if you do 3mtr by 3mtr spacing. In a year, it will give you at least 1.5 tons and  one ton is N12 million. All you need on Cocoa farm management is just to ensure that fire does not get into the farm and making sure you do your spraying when it is fruiting and the wedding. That’s all. No cost maintenance. And  Cocoa can last for a lifetime and you even hand it over to your children to inherit.

    “So imagine your have 10 hectares of Cocoa, well managed, you know how much you are going to make. Today people are coming from all over the world with sacks of money pursuing cocoa farmers in our villages.

    “People call me on a daily basis to find out where they can get Cocoa beans.  Even the Arab countries and Russia are now into Cocoa. To get Cocoa beans is difficult now even if you have your money.

    “So, Agriculture is where to go. That is why we are encouraging our youths to take advantage of age and go into tree crops farming such as Cocoa. They will never regret it.”

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    While noting that 22 states of the federation including Southwest, South-South, South- East Adamawa and Taraba States have good soil to grow Cocoa profitably, he however,  advised those interested in Cocoa farming to carry out soil testing before planting.

    On how much of the mandate crops -cocoa, coffee, cola, cashew, tea of the institute is being put to use in Nigeria, he expressed dismay that only five percent of cocoa is being utilized for  local processing.

    “We all know what is happening to local processing industries not only in agriculture but all over. They are being frustrated by the high bill of power”, he added.

    He identified funding as a major challenge facing Research Institutes in Nigeria noting that less than one percent of the budget as against the recommended 10 percent is currently allocated to research Institutes in the country.

    Speaking on the eight varieties of cocoa developed so far by the Institute, the ED said “These varieties are high yielding, they can yeild between 1.5 to 2.5 tons per hectare and are disease resistant and resilient to climate change.

    “We have also developed technologies in terms of packaging of the varieties which are being extended to farmers.

    “The institute has also developed over 25 products and  bi-products from the mandate crops such as Chocolate, Choco Garri, Cocoa Bread, Cocoa wine, Cola wine, Coffee wine among others.”

    He added that some of the mandate crops bi- products have been processed into feeds for poultry, pigs, snails and other animals.

    Highlighting some of the event to mark the 60th Anniversary, Dr Adebola said part og activities will be the conferment of Awards to President Bola Tinubu, Minister of Agriculture and Food Security, past heads of the CRIN and other notable Nigerians who have contributed to the development of the cocoa sector in the country.

    Speaking on the 18th Research Institute Games of Nigeria, (RIGAN), being hosted by the CRIN, the National President, Professor Oluwaferanmi Owolade said the objective of the annual games is to foster unity by bringing together sports men and women from all the research Institutes in the country and to discover hidden talents

    Owolade  noted that the games have over the years, produced the likes of Austin Eguavoen, Mutiu Adepoju, Dimeji Lawal amongst others

    He  stated that about 35 Research Institutes across the country will be  participating in various games taking place at the Obafemi Awolowo Stadium, Ibadan.