Nigeria To Generate N100bn Annually From Cocoa

CEO/Managing Director, Armajaro Nigeria Limited Wim Groen has disclosed that the country can generate about N100 billion yearly from cocoa production. Making this disclosure during a training/empowerment programme organised for the cocoa farmers at Ijan Ekiti yesterday, Groen said revitalization of cocoa production would boost the nation’s economy positively. Nigeria produced about 200,000 metric tons of cocoa last year and realized about N70billion, Groen noted. He therefore said states and federal governments should rely less on allocations and concentrate more on the production of cocoa and other cash and tree crops.