FG commits 10,000 hectares for cocoa farming as VP Shettima shares news of his big farm

• Cocoa farmers and investors successful Nigeria person been earning monolithic profits arsenic cocoa prices person soared implicit 1000%
• The national authorities has shared plans to grow the cocoa manufacture and pull monolithic concern into the sector
• Vice President Kashim Shettima has besides announced that helium has stakes successful the cocoa manufacture and has acceptable up a concern to make employment

Legit.ng writer Ruth Okwumbu-Imafidon has implicit a decennary of acquisition successful business reporting crossed integer and mainstream media.

The booming prices of cocoa successful the past 2 years person stirred the involvement of stakeholders who privation to put and partake successful the profits.

Nigeria’s Vice President, Kashim Shettima, has disclosed that helium has acceptable up a cocoa workplace to lend his quota to reviving Nigeria’s cocoa industry.

Shettima said that helium is moving connected the workplace and that the extremity is to assistance Nigeria determination from simply producing cocoa to besides processing it.

Nigeria Set To Transform Cocoa Industry As VP Shettima Shares News Of His Cocoa Farm Photo credit: Contributor/Daniel Beloumou Olomo
Source: Getty Images

The Vice President was playing big to a delegation from the World Cocoa Foundation (WCF), led by Chris Vincent, astatine the Presidential Villa successful Abuja erstwhile helium stated this.

Shettima says his cocoa workplace is not for profit

The VP noted that helium wanted to pb by illustration successful reviving Nigeria’s cocoa industry, stating that his motive for mounting up the workplace was not conscionable to marque a profit.

He said:

“I privation to locomotion the talk. It is not adjacent astir the nett criteria - no. It’s astir the societal payment criteria – employing people. Look, fto maine instrumentality you to my workplace and you’ll beryllium convinced that the caller Nigerian enactment is actively progressive and is itching to thrust the process.”

Shettima assured the squad of the government’s willingness to spouse with the World Cocoa Foundation to amended Nigeria’s cocoa manufacture and pull investments, the CABLE reports.

He besides promised to assistance the WCF and its partners prosecute with and unafraid 10,000 hectares from the Governor of Taraba State to beryllium utilized for cocoa farming.

A cocoa husbandman shares his net with the public

A young antheral who runs a cocoa workplace business claimed successful a video station that helium made much wealth than net fraudsters, popularly known arsenic Yahoo boys.

He showed disconnected his workplace and immoderate of his cocoa harvests successful the video, adding that helium besides had much bid of caput by earning morganatic money.

Cocoa farming has turned retired to beryllium a lucrative business. Photo credit: Pius Utomi Ekpei
Source: AFP

His station sparked tons of reactions from netizens who congratulated him connected his achievements astatine making an honorable surviving erstwhile different youths are turning to crime.

Cocoa pushes Nigeria’s non-oil exports to $1.7 billion

In related news, Cocoa and related products person helped Nigeria’s non-oil exports scope $1.7 billion.

Legit.ng reported that cocoa and respective of its derivatives, similar cocoa butter, cocoa cake, and cocoa liquor, were among the top non-oil exports.

Together, they accounted for implicit 45% of full non-oil exports, portion the second-largest export, urea, accounted for 19%.

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Source: Legit.ng