U.S. Announces Project to Improve Cocoa Value Chain in Nigeria The United States Department of Agriculture’s Food for Progress programme has entered into a cooperative agreement with the Lutheran World Relief to strengthen the cocoa value chain in Nigeria. The U.S. consulate said in a statement...

CBN Boosts Sesame, Cocoa Exports With N21bn Disbursement The Central Bank of Nigeria (CBN) has disbursed N21bn to boost the production and export of cocoa and sesame seeds. According to the bank, the CBN Governor, Godwin Emefiele, disclosed this at the last Monetary Policy Committee, while...

Cocoa Exporters Lament Price Slump       Exporters of cocoa are in a dilemma following continuing price slump in the international market. Cocoa, a key ingredient in chocolate, a luxury food product, has also seen a decline in demand. It is among Nigeria’s leading agricultural exports and constitutes...

How Nigeria’s Cocoa Revenue Can Hit $1.1bn In Five Years       If Nigeria deploys measures to increase yield, land area under cultivation, quality of cocoa beans through new techniques in fermentation and sustainable farming, embrace organic certification, and target new markets, it might be able to...

NEPC To Partner Cocoa Farmers On Export     The Nigerian Export Promotion Council (NEPC), Ibadan Export Assistant Office, has assured cocoa farmers in Oyo State of its readiness to support the increase their chances of producing premium cocoa for export. The state government also said it would...

COVID-19 To Slow Cocoa, Cashew Exports - NEPC   The Nigerian Export Promotion Council says an assessment of the impact of coronavirus on agricultural exports shows that the pandemic will lead to a fall in export of cocoa beans, cashew nuts and sesame seeds this year. The...