Abuja, July 16, 2024 – The Federal Government plans to increase cocoa production to 500,000 metric tonnes by 2025
This to improve cocoa production from the 340,000 metric tonnes achieved in 2022.
Nura Rimi, the Permanent Secretary in the Federal Ministry of Industry, Trade, and Investments, disclosed this at the Pre-National Trade Dialogue Series Meeting in Abuja on Tuesday.
The theme of the meeting was “The State of Nigeria’s Global Trade Ecosystem: Bridging the Gaps for a Renewed Programme”.
Rimi, who was represented by Kaura Irmiya, the Ministry’s Director of Commodities and Export, highlighted the critical role of cocoa in Nigeria’s economic development.
He said Nigeria is the world’s sixth-largest cocoa producer.
“Our cocoa exports have grown significantly, with a revenue increase of 50 per cent in 2022. We aim to increase cocoa production to 500,000 metric tonnes by 2025.
“Our investment partnerships have been instrumental in driving growth in various sectors of our economy,”
He said security concerns in certain regions could deter investments and hinder economic growth.
Rimi called for continued efforts to attract more investments, promote trade, and foster partnerships within the country.
