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Nigeria to generate N100bn from cocoa

By on June 2, 2013

Nigeria can generate about N100 billion yearly from cocoa production.  Therefore, states and federal governments should rely less on allocations and concentrate more on the production of cocoa and other cash and tree crops.

Making this disclosure was the CEO- Managing Director, Armajaro Nigeria Limited during a training- empowerment programme organised for the cocoa farmers at Ijan Ekiti yesterday,saying revitalization of cocoa production would boost the nation’s economy positively.

According to him, Nigeria produced about 200,000 metric tons of cocoa last year which the country has realized about N70billion last year.