The brown gold that once made us a global force cocoa is staging a quiet comeback as Nigeria looks to diversify its economy beyond crude oil. Once the pride of the nation’s agricultural exports, cocoa still holds the potential to drive economic revival, generate employment, and uplift rural communities. However, the industry faces critical challenges including aging plantations, low yields, poor access to financing, and a lack of investment in local processing.
To unlock this potential, stakeholders must embrace innovation introducing improved seedlings, adopting modern farming techniques, and expanding access to credit for farmers and small processors.
Entrepreneurs see huge promise in value-added cocoa products such as chocolate, cocoa butter, and drinks, which could position Nigeria as a competitive player in the global market. If the government strengthens policies and offers incentives to encourage investment in the value chain, Nigeria could not only boost export earnings but also reclaim its place among the top players in the global cocoa market.
Discover more from LN247
Subscribe to get the latest posts sent to your email.
