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Find all the economic and financial information on our Orishas Direct application to download on Play StoreFollowing the “Food for Progress” program created by the two collaborators (U.S. Department of Agriculture and Lutheran World Relief), it was announced recently, a $22 million package to strengthen the cocoa value chain in Nigeria.
The U.S. Department of Agriculture and Lutheran World Relief should based on the “Food for Progress” program reached stakeholders in the country's cacao subsector as a huge relief. Indeed, this program aims to considerably increase national production, opening a new opportunity for the federal government and cocoa-producing states to restore this crop to its place of choice in the economy, to create jobs, and to diversify sources of income. and to stimulate exports.
Thus, the main objective of this project to be implemented over the next five years, according to the Nigerian Export Promotion Council, is to support better access to inputs, to technical resources, capacity, crop processing and exports, and then to increase cocoa productivity by taking advantage of climate-smart agricultural measures. It should be recalled that, after recently dropping out of fifth place, dislodging Ecuador from the top, Nigeria currently occupies the fourth largest cocoa producer in the world.
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