twitter RSS Feed linkedin acp contact

Nigeria urged to improve its cocoa production

The International Cocoa Organization (ICCO) has urged Nigeria to benefit from its US$400mn fund to improve cocoa production

Cocoa Beans Drying - Irene Scott AusAID - Wikimedia CommonsThere will be a deficit of one million tonnes of cocoa globally by 2020, according to estimates. (Image source: Irene Scott/AusAID/Wikimedia Commons)

Jean-Marc Anga, executive director at ICCO, said that Nigeria stood in very good stead to draw from the fund, given its strategic status as one of the major cocoa-growing nations in the world.

Addressing participants at a cocoa industry event at Calabar in Nigeria recently, Anga said, “Through its membership of the ICCO, Nigeria has benefited, among others, from ten major development projects. Each of these projects has tackled specific issues and challenges faced by the Nigerian cocoa sector, namely, farm management practice, market access, competitiveness and price risk management.”

Nigeria has received about US$40mn from ICCO, having contributed less than US$4mn of its own money toward the cocoa sector. Anga said that by his projection, there will be global deficit of one million tonnes of cocoa by 2020, which would increase the demand from producers of cocoa-based products. He urged Nigeria to increase its cocoa growing capacity form the current 350,000 metric tonnes annually, and said that the future direction for the industry would depend on government policies.

Specifying the activities that the fund could be used for, he said the money was meant “to increase value-added cocoa production; to promote chocolate consumption; to empower women in the cocoa value chain; to develop profitable cocoa farming models; to improve access to credit; and to increase market access.”

Speaking at the same event, Malachy Akoroda, executive director of Cocoa Research Institute of Nigeria, said that cocoa remains the country’s highest foreign exchange earner outside crude oil. Appealing for favourable government policies, he said, “What is important is that cocoa remains number one on the non-oil export in Nigeria.”


LATEST NEWS IN Agriculture

Gambia-Korea partnership seeks to double rice production to curb food insecurity

Gambia-Korea partnership seeks to double…

President Adama Barrow has received a delegation led by the Korean Ambassador to The Gambia, HE Kim Ji-Joon, at the State House in Banjul to announce the delivery of sample rice...

World Sustainability Organization chooses Zambia as the first African Sustainability Hub

World Sustainability Organization choose…

The World Sustainability Organization and Foundation (WSO&F) has signed a Memorandum of Understanding (MoU) with the Zambian Government, to make Zambia the African Sustainability Hub 

Rallying call to improve African and global cotton production

Rallying call to improve African and glo…

As the business of cotton production continues to attract global attention, there are concerns about how sustainable the practice of growing, harvesting, and production will be, especially for lower income...

Research and farming institution from Zimbabwe wins FAO Award

Research and farming institution from Zi…

The Food and Agriculture Organization of the United Nations (FAO) honoured three research and farming institutions, one of which was from Zimbabwe

Building community and ecological resilience through forest landscape restoration

Building community and ecological resili…

The Atebubu and Wiase Forest Landscape Restoration (FLR) Living Lab is offering a more resilient food system, greater income and the opportunity to restore nature to farmers living in the...

European Investment Bank to support increased rice production in Liberia

European Investment Bank to support incr…

The European Investment Bank is planning to support large-scale investment to increase rice production and enhance food security in Liberia

Prev Next

OTHER RELATED ARTICLES - Agriculture

Gambian fish market earns nearly US$100,000 million in 2013

Gambian fish market earns nearly US$100,…

The Bakoteh Fish Market and Ice Plant in The Gambia has profited nearly US$100mn from its vendors eight months after it began operations in April last year

FAO launches Forest and Farm Facility phase II in Ghana

FAO launches Forest and Farm Facility ph…

The UN Food and Agriculture Organisation (FAO) and Ghana’s Forestry Commission have launched the Forest and Farm Facility (FFF) phase II in Ghana to empower forest and farm producers for...

Ramaphosa appoints David Mabuza to lead land reform committee

Ramaphosa appoints David Mabuza to lead …

South African President Cyril Ramaphosa has appointed an Inter-Ministerial Committee (IMC) on Land Reform, chaired by deputy president David Mabuza

West Africa 'needs to strengthen market for small-scale farmers'

West Africa 'needs to strengthen market …

Smallholder farmers in West Africa provided more than 80 per cent of the region's food needs, but faced challenges such as low application of technology and unremunerative markets, according to...

Airtel Africa joins forces with UN Women

Airtel Africa joins forces with UN Women

Airtel Africa has signed a Memorandum of Understanding (MoU) with the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) on initiatives to promote the empowerment...

Chinese hybrid rice to make Tanzania self-sufficient

Chinese hybrid rice to make Tanzania sel…

Tanzania plans to increase rice production by more than four times the local yield with the help of Chinese hybrid rice seeds

Collaboration crucial for greater agri-tech adoption

Collaboration crucial for greater agri-t…

Cross-industry collaboration is essential to the adoption of precision technology in agriculture, said the project co-ordinator of a recently completed Knowledge Transfer Innovation Fund (KTIF) project

Nigerian farmers enrol in growth support scheme

Nigerian farmers enrol in growth support…

Around 57,000 farmers in Ebonyi, Nigeria have benefitted from the government’s Growth Enhancement Support Scheme (GES) which was rolled out this year

New Holland Agriculture wins three medals at 2001 SIMA Innovation and Edison Awards

New Holland Agriculture wins three medal…

New Holland Agriculture’s innovation in combine harvesting has been recognised with silver and a bronze medal at the SIMA Innovation awards

Rwanda expects to earn US$157 million from coffee exports

Rwanda expects to earn US$157 million fr…

The Rwandan government has aimed to generate US$157mn profit by 2017 from coffee exports by advising farmers, processors and exporters to work together

Extensive water and soil conservation activities in Eritrea

Extensive water and soil conservation ac…

Eritrea's Ministry of Agriculture has reported that in 2021, extensive water and soil conservation activities have been conducted across Eritrea and that there’s a registered 40% increase from that of...

Bell aircrafts help safeguard food and agriculture amid historic locust infestation

Bell aircrafts help safeguard food and a…

Over the last 12 months, food security has been under serious threat from devastating locust swarms, destroying crops from East Africa to the Arabian Gulf

Prev Next