Ethiopian Business Review

Nigeria Targets Cocoa Output of 500,000 Tons in 2014-15 Season

Nigeria plans to boost its cocoa output by more than 40Pct to 500,000 metric tons in the 2014-15 season. More than 1.4 million seedlings of a hybrid cocoa that matures in two and a half years, compared with five years for older varieties, have been distributed in recent years to farmers and are forecast to begin yielding next year. Africa’s biggest economy expects 250,000 farmers to benefit from government efforts to boost output capacity, creating 390,000 jobs and increase production to more than 1 million tons within 10 years. Nigeria is the world’s fourth-biggest producer of cocoa after Ivory Coast, Ghana and Indonesia.

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