Agriculture
Bolster Cocoa Industry with Key Investments, Reform, CORI urges Tinubu
The Cocoa Roundtable Initiative (CORI) has urged President Bola Ahmed Tinubu to advance Nigeria’s cocoa industry by transforming the National Cocoa Management Committee (NCMC) into a statutory board.
It also appealed to the President to fund the National Task Force on EU Deforestation Regulation (EUDR), and provide subsidized inputs for cocoa farmers.
In an open letter, CORI emphasized that the actions are critical to sustaining Nigeria’s recent gains in cocoa exports and ensuring long-term industry resilience.
Signed by CORI’s Director-General Comrade Adeola Adegoke, the letter commended the President’s economic reforms while urging him to direct additional focus on the cocoa sector—a major contributor to Nigeria’s foreign exchange.
With cocoa exports increasing by an impressive 304% in the first quarter of 2024, reaching N438.7 billion, CORI highlighted that the cocoa industry is one of Nigeria’s most robust non-oil revenue streams.
This rise in exports has helped to stabilize cocoa prices, which currently sit at over N10 million per metric ton.
The NCMC, created in 2022 by the previous administration, was initially established to bring much-needed regulation to the sector and support Nigeria’s smallholder cocoa farmers. However, CORI noted that funding shortfalls have limited the committee’s capacity to oversee quality standards, enforce fair labor practices, and prepare the sector for regulatory challenges, particularly compliance with the EU’s upcoming EUDR standards on sustainable cocoa sourcing.
The EU has extended the compliance deadline by 12 months, giving Nigeria a crucial opportunity to strengthen its framework and avoid potential sanctions that could affect market access.
“We see this moment as a turning point for Nigeria’s cocoa economy,” said Adegoke. “With the right investments, including subsidized inputs for farmers, we can increase productivity and elevate the income of our smallholder farmers.
These measures will enhance Nigeria’s position as a global cocoa leader and bring prosperity to rural communities.”
President Tinubu’s campaign promises included the establishment of boards for key agricultural commodities, and CORI believes that the cocoa sector, given its economic importance, should be prioritized in these efforts.
The letter calls for a statutory upgrade of the NCMC to a board backed by National Assembly legislation, ensuring it can fulfill its mandate in promoting quality, monitoring sustainability, and stabilizing market prices.
CORI also called on governors in cocoa-producing states and other industry stakeholders to back the initiatives, underscoring the need for a united effort to make Nigeria the leading cocoa producer in West Africa by 2027. “With comprehensive support for our farmers and industry regulation, we can realize the vision of a sustainable, prosperous cocoa economy,” Adegoke stated.
The letter concluded with CORI’s pledge to continue working alongside government agencies, international bodies, and industry partners to ensure the sector’s success, secure sustainable practices, and uplift Nigeria’s cocoa farming communities.
Agriculture
Farm Alert Marks 5th Anniversary, Calls for Technological Innovation in Livestock Sector
Professor Folorunsho Fasina, a renowned academic from the University of Pretoria and consultant with the Food and Agriculture Organization (FAO), has called on the Nigerian government to adopt technology and innovation to propel the development of the country’s livestock sector. Speaking at the 5th Anniversary Celebration of Farm Alert in Abuja, Fasina highlighted the lack of technological integration in the sector, despite Nigeria’s wealth in livestock resources.
He stressed the importance of better organization and *vertical integration* in the industry to optimize productivity and create job opportunities. “Nigeria is rich in resources, but we need better coordination and innovation. The livestock sector can be a major employer of labor if we adopt the right strategies,” Fasina said.
Fasina, who also serves as Chairman of the Advisory Board for Farm Alert, praised the organization for its transformative impact over the past five years. He noted that Farm Alert has expanded its reach to six Nigerian states and positively affected over 1,000 communities by improving access to essential animal health products.
In a interactive session with journalists, Dr. Femi Kayode, CEO of Farm Alert, shared plans to scale the company’s operations beyond Nigeria. “We aim to expand into West Africa by 2025-2026, and by 2030, we intend to be the largest distributor of animal feed across the continent,” Kayode said. The company also plans to extend its reach to East, South, and Central Africa over the next decade.
The event also spotlighted Farm Alert’s initiatives supporting young veterinarians, including a partnership with the Nigerian Medical Veterinary Association (NMVA) to provide grants.
Through this collaboration, 12 young veterinarians were awarded N12 million in start-up capital to grow their businesses.
Farm Alert’s efforts to make animal health products like vaccines, drugs, and feed more accessible and affordable to underserved communities is changing the landscape of Nigeria’s livestock sector.
The organization’s innovative approach continues to play a pivotal role in the sector’s growth and sustainability.
Agriculture
Cocoa Farmers ask FG to take advantage of the boom in cocoa, recreate economy
Cocoa Farmers ask FG to take advantage of the boom in cocoa, recreate economy
National President Cocoa Farmers Association, Comrade Adeola Adegoke has raised concerns that the Nigerian Government is yet to take advantage of the boom in cocoa which can recreate the nation’s economy.
He said based on the reality of the existing cocoa prices in the world there is no doubt that the farmers are smiling to the banks as against previous years when the farmers were wallowing in poverty.
He spoke at the weekend at a roundtable of Cocoa sector stakeholders on Nigeria’s readiness to comply with the EUDR by the National Cocoa Management Committee (NCMC) held in Abuja.
Speaking on the sidelines of the roundtable, he said there is need based on the richness of Nigeria in cocoa, for Government to develope special interest in Cocoa which is the highest foreign exchange earner today at N11m per ton.
He said with that the criminality in the forex will be ameliorated by cocoa economy
“If we are having a ton of cocoa for N11 million at present, it shows the potential that the the cocoa economy can bring in terms of the forex challenges we are still battling with
“So that is why we believe Nigeria cannot look away. And in those olden days, when we had professors they were traced to be the children of cocoa farmers.”
He said, wealth was synonymous with cocoa farmers when Nigeria was a leading producer but that when the oil came and distracted the government, investment in cocoa went down and the farmers became poor
“But something happened in between, and that is why we say, yes, this is an opportunity for Nigeria. Because the problem we are having is that we are having issues with production.
“What we are having, we are having issues with forex. Cocoa can solve some of these things. When we make more forex Nigeria makes more money. When Nigeria makes more money, we can put more money in to production.
“So cocoa is a game changer, it can change the narratives from consumption economy to that of production economy.
So with this excitement we are witnessing today with cocoa economy, with this kind of getting a ton of cocoa at N11million which is unprecedented, I wonder if anybody will take to Yahoo Yahoo, I don’t know how you can surpass this kind of money making treasure.
“So this is a game changer for the government to invest more in the system, invest more in the life of cocoa farmers, to empower their livelihood, create a kind of production, encourage our youth to go into it. “Let’s support our existing farmers. Let’s create a kind of backward integration whereby Nigeria will not only be exporting raw materials, as at today we export about 90% of our cocoa raw. We don’t need that. We need to create jobs. We need to kick start our economy.
“We need to make sure that we support the processing. We need to make sure that the byproduct of our cocoa in value additions are very important. These are important things that we can create serious investment.”
“Ghana today rely more on the cocoa economy. No doubt about that, don’t forget that originally, Nigeria was almost the largest producer of Cocoa, and today where are we?
And we can’t continue like this.
“I can tell you, with what we’re having in the cocoa economy today, it’s a kind of prospect for the government. It’s a win-win situation for the farmers, for the valuation operators, for the industry players, the government will make more money and the state will also make more money and the local government will make more money.
“It creates jobs and it’s a kind of excitement to discover youths because youths want to be convinced that they can make reasonable money. With this, I wonder how much you’ll be making as Yahoo, Yahoo advocate.
“If you have three tons of Cocoa, you are already talking of N33m. And I think this is an eye-opener.
“It gives a kind of future for our country and this can actually readjust our economy
and reawaken our GDP and make our country to work well and solve the problems of our forests.”
On the issue of Nigeria Cocoa not meeting up with the EU standard, he said at the World Cocoa Conference that held in Brazil 2024, for the first time in the history of the Conference, the living income became a big priority.
“As of today, now, a living income has become a fundamental right, just like we have child labor as fundamental issues that you cannot just deprive any child of their access to education. You can’t put heavy loads on child and you can’t have child that are supposed to be in school working for you. It is a crime.
“Likewise we are having a living income for our farmers. You cannot just be buying irresponsibly and expecting a responsible cocoa economy. So the highlight was that there should be a decent price, a living price for our cocoa as a right of every farmer.
“So it shows that farmers will now try to be encouraged to adhere strictly to the practices.
“Let me tell you when Nigeria was known to be the best cocoa in the whole world ahead of Ghana, it was the same incidence where our farmers were making more money.
“People have reasons to invest more when they make more money, you understand, it’s an incentive. But the moment you are not making money from it, the incentive is not there
“It is because of the demoralization farmers suffered that have affected our compliance. But I can tell you that our farmers with this level of what we are asking, everybody is ready to do the necessary thing.
“You apply your pesticides and fertilizers reasonably by making sure you don’t over saturate your farms with chemicals that give the residues.
“There are a lot of issues and I said Nigeria must start to invest in capacity building. Do we have extension workers? How many extension workers do we have? They are not there when you make comparison with the older days.
“We had extension workers that had motorcycles but go to most of these ministries today, there are no extension services. The job of an extension worker, it might be ratio of one to 50 farmers. Do we have that? We don’t have that.
“That’s why I say government should invest in cocoa. It means government will invest in research and development through Cocoa Research Institute. Government must also invest in inputs for farmers that are subsidized.
“In terms of seedlings, there are varieties that yield fruits in 18 months. They give one and a half or two and a half tons per hectare.
“These are issues. For example, Nigeria is falling behind about 300 to 400 kilograms per hectare. Where we are supposed to be producing about close to 800 kilograms per hectare. You know that we are losing.
“So this is exactly what we need, capacity building, we need investment. And like I said, why are our factories not working? Why are we exporting at 90 percent rate? We can’t continue. Why are our youth jobless when we have raw materials that can do all these things?
With Cocoa economy,
“We can’t be talking about forex crisis, we can’t be talking about inflation, if we are not doing the backward integrations and what of the by-products, what are we doing in value additions on some of these things. “These are things that are very critical and germane to uplift every of the communities that is associated with the production of cocoa.”
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