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Transformation Agenda

Unprecedented in Decades: Nigeria realised $900m from cocoa export in 2012 –Aganga

The Minister of Trade and Investment, Olusegun Aganga, has said Nigeria realised about 900 million dollars (about N144 billion) from the export of cocoa and cocoa products in 2012.

Aganga said this on Friday on the occasion of the National Sensitisation Workshop of the Sanitary and Phytosanitary Standards (SPS) Capacity Building in Abuja.

He said the country’s cocoa export had grown over the years by an average of 40 per cent annually and a cumulative of 280 per cent from 215 million dollars in 2006 to 822.8 million dollars in 2010.

Aganga said the current administration consider the industry very critical to the success of the Nigerian Industrial Revolution Plan and the Transformation Agenda.

“The strategic importance of cocoa to our national economy needs not be over-emphasised.

“Apart from the fact that it is the second largest foreign exchange earner after crude oil, the industry generates over two million jobs directly and indirectly along its value chain.

“Nigeria is the world fourth largest producer and exporter of cocoa. Paradoxically, over 90 per cent of cocoa produced is exported,” he said.

Aganga said the non-conformity by cocoa producing countries to the regulations under the SPS will foreclose access to the lucrative markets and the consequence “on cocoa farmers and the national economy will be disastrous’’.

Also speaking, the Acting Permanent Secretary, Federal Ministry of Trade and Investment Olakunle Shogbola, said government would continue to partner with the International Cocoa Organisation (ICCO).

Shogbola said this would ensure that farmers, exporters and other stakeholders in the cocoa industry benefit maximally from the project.

The Executice Director of ICCO, Jean-Marc Anga, who was represented by Abubakar Yinusa, an official of the organistaion, said ICCO was working in cooperation with other major stakeholders, towards achieving sustainable world cocoa economy.

The SPS is operational in Nigeria, Ghana, Togo Cameroon and Cote d’Ivoire, in order to build the capacity and to effectively monitor the level of pesticide residues in the cocoa and cocoa product designated for export.

http://www.dailytimes.com.ng/article/nigeria-realised-900m-cocoa-export-2012-%E2%80%93aganga

About TransformationWatch

TransformationWatch is an online news site founded by Henry Omoregie It is focused on keeping tabs on the Transformation Agenda set out by the Nigerian leadership in the Local, State and Federal Governments. My mission is to observe, analyze and report milestones or slowdowns in promised service delivery in all the facets of governance in Nigeria (2011 and beyond). Readership is open to all Nigerians and friends of Nigeria alike, regardless of Tribe, Religion or Political divide. We are all in this together

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