By Grace Samuel
In an effort to diversify Nigeria’s economy and reduce its dependence on oil, the Federal Government has announced a comprehensive plan to enhance the country’s agricultural sector, focusing particularly on cocoa production.
At the Annual General Meeting of the Cocoa Association of Nigeria (CAN) in Ilorin, Kwara State, Minister of Industry, Trade, and Investment, Doris Nkiruka Uzoka-Ante, highlighted President Bola Tinubu’s directive to prioritize cocoa in national development strategies.
“President Tinubu has recognized the substantial potential of cocoa to drive economic growth and development,” said Uzoka-Ante. Represented by Director Hajara Usman, the minister emphasized the government’s commitment to boosting cocoa production and exportation over the next decade.
The Federal Executive Council (FEC) has approved a 10-year strategic plan aimed at improving cocoa production, enhancing export quality, and creating job opportunities, all while bolstering the local currency. This initiative aligns with the president’s goal of reducing Nigeria’s oil dependency.
“We don’t see cocoa as just an ordinary crop; we hold it in high regard. With collective efforts, we believe we can elevate the cocoa sector even further. Over the years, cocoa farmers have achieved great success,” Uzoka-Ante remarked.
Mufutau Abolarinwa, CAN President, stressed the critical role of agriculture in combating underdevelopment, unemployment, and social issues in Nigeria.
He criticized past governmental neglect towards agricultural development, which has led to economic stagnation.
“Since the oil boom, Nigeria has known no peace. Agriculture’s role in Nigeria’s life is akin to the heart’s function in the body,” Abolarinwa stated.
He urged the government to supply more agricultural inputs and cocoa seedlings to revitalize cocoa production.
The FEC-approved 10-year plan focuses on improving cocoa production, processing, and exportation, with an emphasis on quality and sustainability. Provisions include farmer training, research and development, and infrastructure improvements.
This initiative is expected to reverse the recent decline in Nigeria’s cocoa production, increasing its global market share. Currently the world’s fourth-largest cocoa producer, Nigeria accounts for about 20% of global cocoa production.
The plan aims to positively impact Nigeria’s economy by creating jobs and boosting foreign exchange earnings. The government will support cocoa farmers, processors, and exporters, offering incentives to encourage investment in the sector.
The Federal Government’s prioritization of cocoa production is a significant development for Nigeria’s agricultural sector, expected to benefit the economy and millions of Nigerians.