Cocoa production to hit 500,000 tons by 2024
The Federal Government has unveiled plans to increase the production of cocoa from the present 340,000 tons to 500,000 tons by 2024. The Minister of Agriculture and Rural Development, Dr. Muhammad Mahmood Abubakar, stated this in Abuja during a visit led by the Executive Director, International Cocoa Organisation (ICCO) Mr. Arrion Michel. While explaining that Nigeria was ranked number four among cocoa producing countries in the world, Abubakar assured that the country can achieve an increase in cocoa production based on the present drive of the Federal Government and relevant stakeholders towards utilisation of improved varieties. He noted that of utmost importance is traceability and transparency in the cocoa sector, national cocoa farm irrigation, and improvement of the cocoa sector through research, input delivery, production, value addition, processing and export. He said: “Nigeria has made a remarkable move to join the Living Income Differential (LID) initiatives wh...