Cocoa Accounts for 27% of Nigeria’s Income

Date: 01-12-2010 10:44 am (13 years ago) | Author: Daniel Bosai
- at 1-12-2010 10:44 AM (13 years ago)
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Minister of Agriculture and Rural Development, Prof Sheikh Abdulla, has said cocoa exportation worth $400 million accounts for 27 per cent of Nigeria income yearly.
The minister, who said this yesterday in Abuja while receiving the report of the committee on Cocoa Production Association of Nigeria, COPAN, noted that if given the right atmosphere and necessary ingredients, cocoa exportation would generate more income to the country’s economy.

On 17th of August, 2010, President Goodluck Jonathan instituted a committee on cocoa production, headed by the recently sacked Deputy Governor of Osun State, Erelu Olusola Obada, on how to improve cocoa production in the country.
 Abdulla promised to study the report and forward it to the President for more action capable of increasing both the production and importation of the product.
“Our commitment to cocoa development in this ministry is far beyond pretence," he said. "We have come a long way and we will still continue to move forward for more of cocoa exportation. We are fully committed to this laudable goal and we will still try harder to achieve more by the grace of God.”

Dr. Chris Okafor, who stood in for Erelu Obada, while explaining parts of the committee’s findings to the minister and his lieutanants, attributed part of the challenges facing the production of cocoa in the country to lack of adequate finance and supply of products needed for the production.
In his words: “In all, I can say categorically that cocoa production and exportation are some of the avenues for the country's income. In our findings, we have come to terms with the fact that there are two main challenges facing the production of cocoa in the country. One of them is lack of credit facility. Cocoa farmers don’t always have access to bank loans for improvement of their product and this has been one of the major problems facing the production of cocoa. Another one is supply of necessary products needed for the production of cocoa. Some of the farmers complained that since this year, they had not got fertilizer. All they have been doing is to produce without fertilizer, and this is a major setback for them and for the country also.”

He disclosed that investment on cocoa production in Nigeria is N45 billion and that more efforts should be made to increase the production.
The Secretary of the committee, who is also the Managing Director of Cocoa Products (Ile-Oluji) Limited, Mr. Akin Olusuyi promised the committee’s readiness to assist the ministry whenever called upon to ensure that there is great increase in the production of cocoa in the country.

http://www.thisdayonline.info/nview.php?id=188890


Posted: at 1-12-2010 10:44 AM (13 years ago) | Addicted Hero
- onyi2010 at 1-12-2010 02:11 PM (13 years ago)
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ok
Posted: at 1-12-2010 02:11 PM (13 years ago) | Upcoming
Reply
- ILOVEIT at 1-12-2010 02:42 PM (13 years ago)
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i no wan talk make just pass

Posted: at 1-12-2010 02:42 PM (13 years ago) | Hero
Reply
- vantheo at 1-12-2010 02:44 PM (13 years ago)
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hmmmmm

Posted: at 1-12-2010 02:44 PM (13 years ago) | Hero
Reply
- 4kasibe247 at 1-12-2010 02:44 PM (13 years ago)
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ok
Posted: at 1-12-2010 02:44 PM (13 years ago) | Gistmaniac
Reply
- mili4krist at 1-12-2010 03:37 PM (13 years ago)
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I heard u.
Posted: at 1-12-2010 03:37 PM (13 years ago) | Newbie
Reply
- ejisluv2 at 1-12-2010 05:23 PM (13 years ago)
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Story
Posted: at 1-12-2010 05:23 PM (13 years ago) | Upcoming
Reply
- goingwithyou at 1-12-2010 06:04 PM (13 years ago)
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Brb ....
Posted: at 1-12-2010 06:04 PM (13 years ago) | Gistmaniac
Reply
- bafyguy at 1-12-2010 07:48 PM (13 years ago)
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gud
Posted: at 1-12-2010 07:48 PM (13 years ago) | Gistmaniac
Reply
- dirtykid at 1-12-2010 07:55 PM (13 years ago)
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I'm not surprised, that country is flowing with so much natural resources, yet we don't know what they're doing with it.

Posted: at 1-12-2010 07:55 PM (13 years ago) | Hero
Reply
- chrisfab at 1-12-2010 08:01 PM (13 years ago)
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dats nice,atleast we are upgrading
Posted: at 1-12-2010 08:01 PM (13 years ago) | Upcoming
Reply
- popo2009 at 1-12-2010 09:34 PM (13 years ago)
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A Naturally Blessed Country but
The useless people choose to make it a cursed country
They are cursed themselves for their selfishness
Posted: at 1-12-2010 09:34 PM (13 years ago) | Gistmaniac
Reply
- princedafe at 2-12-2010 12:12 AM (13 years ago)
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Ok
Posted: at 2-12-2010 12:12 AM (13 years ago) | Gistmaniac
Reply
- Commonsense at 2-12-2010 12:34 AM (13 years ago)
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were the money dey na? nonsense
Posted: at 2-12-2010 12:34 AM (13 years ago) | Upcoming
Reply
- dickman2 at 12-06-2012 09:19 PM (11 years ago)
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ok ..
Posted: at 12-06-2012 09:19 PM (11 years ago) | Addicted Hero
Reply
- dickman2 at 12-06-2012 09:20 PM (11 years ago)
(m)
ok ..
Posted: at 12-06-2012 09:20 PM (11 years ago) | Addicted Hero
Reply