• Home
  • News
    • National News
    • State News
  • Business
  • Features
    • Insight
    • Opinion
  • FAAC
  • Financial
    • Facts & Figures
    • Monetary
    • Tax Matters
  • Sidelines
  • Profile
  • Special Focus
Sign in
Welcome!Log into your account
Forgot your password?
Password recovery
Recover your password
Search
Thursday, June 8, 2023
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Economic Confidential
  • Home
  • News
    • AllNational NewsState News

      Imam Shuaib Agaka’s Maiden Islamic Quiz Competition Ends, Winners Get Prizes

      President Bola Ahmed Tinubu and wife, Oluremu Tinubu

      48 Hours After Assuming Office, Tinubu Yet to Make Official Appointments

      Founder of FCMB, Late Chief Olasubomi Balogun

      FCMB Founder, Subomi Balogun, is Dead

      VP Elect, Kashim Shettima Inspecting a School in 2017

      VP-Elect Shettima Inspecting School Project, Not Meeting with Bandits in Video,…

  • Business
    • DG SEC, Dr. Lamido Yuguda

      Commodities Export Will Grow Nigeria’s Economy – SEC

      Central Bank of Nigeria, CBN

      CBN Takes E-Naira To Kano Varsity For Payment Of Tuition, Others

      Petrol, Fuel, Oil Marketers

      Subsidy Removal Has Doubled Depot Petrol Price – Marketers

      Nigeria Air

      Reps Question Nigeria Air Launch, Declare it a Fraud

      Aviation Fuel

      Jet Fuel, Cooking Gas Prices Crash in Abuja, Lagos

  • Features
    • AllInsightOpinion
      NAHCON Group Photo

      Hajj 2023: NAHCON’s Strategic Media Engagement for Responsible Reporting, by Abdulrahman…

      A Woman in Niqaab

      Why Niqab Shouldn’t be an Issue at BUK By Abdulhamid Sakina…

      Imam Shuaib Agaka’s Maiden Islamic Quiz Competition Ends, Winners Get Prizes

      Omojo Wada

      Rising Unemployment and Inflation: The Fallout of Nigeria’s Subsidy Removal, by…

  • FAAC
    • FAAC

      Akwa Ibom, Rivers, Delta Lead As States Share N9.3trn In Three…

      FAAC

      FAAC: FG, States, LGAs Share N722.677 for February

      FAAC

      Kano, Lagos, Get Massive Share As LGs Share N2trn

      FAAC

      FG, States, LGCs Share N990.189bn In Dec 2022

      FAAC

      FAAC Shares 902.053 billion for November

  • Financial
    • AllFacts & FiguresMonetaryTax Matters
      National Bureau of Statistics, NBS

      Nigeria Records N931.1bn Trade Surplus In Q1, 2023

      Gas Flaring

      In Four Months, Nigeria Loses N150bn To Gas Flaring

      The World Bank

      Nigeria’s Economic Growth Too Slow To Reduce Poverty – World Bank

      TAX

      AU: Nigeria, Others Target $220b Revenue from Taxes

  • Sidelines
    • Saliu Mustapha

      Visit Kwara: Saliu Mustapha Pens Foreward For New Book Spotlighting Kwara…

      Apple Data Breach: Marketing Strategy or Security Issue

      Dangote-BUA Sugar Scarcity Feud

      Google: Expanding 2-Step Verification Enrollment

      SAEMA Awards 2021: Submit Nominees for Security and Emergency Management Awards

  • Profile
    • PHOTOS: PRNigeria Ladies Bag Double 2023 SABRE African PR Awards in…

      Yusuf Alli @60: Unveiling an Investigative Journalist Par Excellence

      Pantami’s grand exposés on Cybersecurity and the Datafication of Society

      The Inimitable Kongi at 88

      The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo

      Adeniyi Adebayo: Unsung, Silent Strides in Economic Diversification

  • Special Focus
    • imported Foreign Rice

      REVEALED: How Illicit Rice Importation is Threatening FG’s Agricultural Sector Interventions

      An abandoned mining site in the Barkin Ladi area of Plateau state

      Abandoned mines: A Danger to Communities Across Nigeria

      Maraba Takushara Community

      SPECIAL REPORT: Maraba Takushara, an FCT Community Under Siege… So Close…

      Yahaya Bello’s Health Initiatives: Building Nigeria of his Dreams in Kogi

      Model Science Secondary School: Yahaya Bello’s Gift to Future Generations

Home Business FG, Farmers Target Extra $136m From Cocoa Export
  • Business

FG, Farmers Target Extra $136m From Cocoa Export

By
Economic Confidential
-
August 3, 2022
Cocoa Farmers
Cocoa Farmers
FIRS

FG, Farmers Target Extra $136m From Cocoa Export

 

The Federal Government in partnership with the Cocoa Farmers Association of Nigeria has commenced moves to attract extra $400 on the cost of every tonne of cocoa exported from Nigeria.

It was learnt that Nigeria exports about 340,000 tonnes of cocoa annually, meaning that the country is to earn an additional $136m outside the actual cost of the commodity once it perfects the process required to achieve this.

Speaking at the inauguration of the National Cocoa Management Committee in Abuja on Tuesday, the Minister of Agriculture and Rural Development, Abubakar Mahmood, said officials of his ministry recently visited Ghana to study the implementation of Living Income Differential with respect to cocoa export.

He explained that Ghana and Cote d’Ivoire introduced the Living Income Differential as a premium on their cocoa and as tool to complement the prices of cocoa in the international market.

Mahmood said, “The purpose of this is to increase the share benefits received by cocoa farmers in these countries. In order to work out modalities for Nigerian cocoa farmers to start benefitting from this initiative like their counterparts in Ghana and Cote d’ Ivoire, this committee is being set up.”

Read Also: Nigeria Losing N60b Yearly From Income Differential on Cocoa, Says CFAN

He said one of the immediate tasks of the committee was to come up with an urgent draft charter for the operations of the NCMC which would enable an executive bill to be forwarded to the National Assembly for legal backing.

“This is to meet the demand of joining the Ghana/Cote d’Ivoire initiative to deliver Living Income Differential of $400/tonne, which will in turn improve the livelihood of our smallholder cocoa farmers across the country,” the minister stated.

guest post blogging service

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Related

PRNigeria.com
EconomicConfidential.com
PRNigeria.com/Hausa
EmergencyDigest.com
PoliticsDigest.ng
TechDigest.ng
HealthDigest.ng
SpokesPersonsdigest.com
TeensDigest.ng
ArewaAgenda.com
Hausa.ArewaAgenda.com
YAShuaib.com
  • TAGS
  • Abubakar Mahmood
  • Cocoa Farmers Association of Nigeria
  • Cocoa Farming
Previous articleI’m Already Sweating Over High Cost Of Diesel, Obasanjo Laments
Next articleNaira Strengthens To N665/$ At Parallel Market
Economic Confidential

RELATED ARTICLESMORE FROM AUTHOR

DG SEC, Dr. Lamido Yuguda
Business

Commodities Export Will Grow Nigeria’s Economy – SEC

Central Bank of Nigeria, CBN
Business

CBN Takes E-Naira To Kano Varsity For Payment Of Tuition, Others

Petrol, Fuel, Oil Marketers
Business

Subsidy Removal Has Doubled Depot Petrol Price – Marketers

Nigeria Air
Business

Reps Question Nigeria Air Launch, Declare it a Fraud

Aviation Fuel
Business

Jet Fuel, Cooking Gas Prices Crash in Abuja, Lagos

Inflation Rise, Inflation
Business

Naira Depreciation, Inflation Affect N13.72tn Workers’ Salary – Report

SEMA

Book on Sales: Boko Haram Media War: An Encounter with the Spymaster

boko haram

Click Here: To Order Now!

PRNigeria FEEDS

Loading RSS Feed

EDITOR PICKS

NAHCON Group Photo

Hajj 2023: NAHCON’s Strategic Media Engagement for Responsible Reporting, by Abdulrahman...

Opinion June 7, 2023
Nigeria Air

Group Faults House Committee Chairman On Aviation on Nigeria Air

Editors Pick June 7, 2023
A Woman in Niqaab

Why Niqab Shouldn’t be an Issue at BUK By Abdulhamid Sakina...

Opinion June 7, 2023

POPULAR POSTS

Nigerian Maritime

FG Loses $1bn Annually In Maritime Sector

Monetary May 19, 2020

Ajaokuta Steel Company Gets N4.3bn for Revival

Business January 9, 2017
MTN Office

MTN Nigeria Opens Offer Of N100bn Commercial Paper Issuance

Business May 29, 2020

POPULAR CATEGORY

  • Business10406
  • Monetary2816
  • Financial2471
  • Featured Post2211
  • National News1888
  • News1856
  • Editors Pick1726
  • Opinion1122
  • Features710
ABOUT US
Economic Confidential is the Abuja based Nigerian News Magazine. Economic Confidential Magazine is Factual, Authoritative and Accessible.
Contact us: editor@economicconfidential.com
FOLLOW US
© 2017 Economic Confidential . All Rights Reserved.
X whatsapp