The Tinubu- led administration has communicated plans to revive Nigeria’s cocoa industry and broaden agricultural value chain, with a strategic shift from cocoa production to processing.
The plan was revealed at the Presidential Villa, on Monday, June 02 2025, during a meeting with a delegation from the World Cocoa Foundation (WCF), led by its President, Mr Chris Vincent, Vice president, Kashim Shettima emphasised the government’s drive to promote sustainable cocoa farming, enhance forest preservation, and add value to Nigeria’s cocoa exports.
He revealed that as part of the efforts put in place, the Federal Executive Council (FEC) recently approved the establishment of a National Cocoa Management Board (NCMB) to spearhead the transformation.
Shettima highlighted the growing global price of cocoa and emphasized on the importance of value addition.
“A tonne of raw cocoa might earn you $9,000, but when processed, it can bring in $30,000 and up to $50,000 if turned into chocolate bars,” he said.
He pledged Nigeria’s full cooperation with the WCF and affirmed he would personally engage the Taraba State governor to secure 10,000 hectares of land in the Kurmi Local Government Area for cocoa expansion initiatives by WCF and its partners.
In response, WCF President Mr Chris Vincent, expressed the Foundation’s readiness to collaborate with the Nigerian government, especially under the European Union’s sustainable cocoa regulations.
“We’re in the middle of a global cocoa supply shortage, and prices have quadrupled in the last three years. We’re looking for new, sustainable sources of cocoa, and Nigeria is well-positioned for growth,” Vincent said.
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