A
major player in Agricultural Business, WACOT Limited, said the federal
government must take proactive steps
through implementation of key policies to improve the ranking of
Nigeria as one of
the leading grower of the
cash crop in
the next five
years.
This
was part of the submissions of stakeholders at a workshop that was organised by
Nigeria Export Promotion Council (NEPC)
in collaboration with Abia state government for Cocoa Farmers in Umuahia a few days ago. Speakers
at the event observed that earnings from Cocoa products had gone down to US$
242. 23 million in 2016 from $338.23m in 2015, prompting the NEPC to hurriedly organize a capacity building workshop for
Cocoa farmers in Abia,
Cross-River, Akwa Ibom and
Imo states to enhance production through best
practices.
Presently,
Nigeria is ranked 4th globally in Cocoa bean production with
367,000 metric tones coming behind Cote d’ Iviore, Ghana and Indonesia. Speaking at the event, the
executive director/chief executive officer, NEPC, Mr. Olusegun Awolowo, said
that despite the fact
that Nigeria’s cocoa was rated
among the best in the
world and was in fierce
completion with Ghana and Ivory
coast until 1984, its position has
consistently gone down over the
years.
According to
him, while in 2015 the
production in Cote D’ Ivoire
and Ghana were 1.7 Metric tones and
800,000 metric tones respectively
that of Nigeria hovered
around 220,000 and 250, 000 metric tones
per annum.
Represented
by the
director, Product Development
Department, Mr. William Ezeagu,
he said in order to change the
present level of production, the Council has set
a target of increased production by 25 per cent within the
next two years as
envisaged in the Zero Oil plan
of the
council.
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