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Home Agribusiness

Nigeria’s cocoa value chain receives US $22m boost

Business 360 by Business 360
September 28, 2022
in Agribusiness
0
Nigeria’s cocoa value chain receives US $22m boost

Nigeria’s quest for value-added export of its primary products received a boost as the United States Department of Agriculture’s Food for Progress programme entered into a cooperative agreement with the Lutheran World Relief to strengthen the cocoa value chain in Nigeria.

Cacao fruits, nibs and chocolate pieces composition on rustic wooden table. Front view. Studio shot.

The US consulate said in a statement that the project was worth approximately $22 million and would be implemented over the next five years. According to the consulate, the Lutheran World Relief, an international non-governmental organisation, will carry out the project activities in Abia, Cross River, Ekiti, Akwa Ibom, Ondo and Osun states, benefitting approximately 68,000 farmers.

“This will target farmers in low productivity but high promising areas, as well as farmers in high density, high productivity communities. The primary objective of the Food for Progress programme is to increase cocoa productivity by leveraging climate-smart agricultural measures.

It will support improved access to inputs, technical resources and capacity, post-harvest processing and export markets,” the consulate said. Gerald Smith, the Counsellor for Agricultural Affairs, US Mission, said the project would employ an approach that would enable farmers to produce more cocoa and preserve the land’s fertility and biodiversity.

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