• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Agribusiness

Cocoa Production: Nigeria looks to becoming continent’s biggest producer by 2027

4 years ago
in Agribusiness, Business, Editor's pick, highlights, Home, home-news, latest News
1 min read
0 0
0
141
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Cocoa Production: Nigeria looks to becoming continent’s biggest producer by 2027

Cocoa farmers in Nigeria are ambitiously working towards increasing their output, with the hopes of surpassing their counterparts in Ivory Coast and Ghana over the next five years.

The umbrella body that represents the Nigerian farmers —the Cocoa Farmers Association of Nigeria (CFAN) — said this would be actualised through a combination of factors, including sustaining farming.

The association argued that increasing Nigeria’s cocoa output would help the country to earn more foreign exchange, a situation that would in turn improve the country’s Gross Domestic Product (GDP).

In the meantime, CFAN is starting with its short-term goal which entails increasing Nigeria’s cocoa production from its current 328,263 metric tons per annum to 500, 000 metric tons over the next tow years.

Read: E-levy to help address downgrade of Ghana’s credit rating – Finance Minister

While unpacking CFAN’s lofty plans during the launch of a new national office in Abuja, the association’s President Comrade Adeola Adegoke said:

RelatedPosts

AGI Reports Improved Dollar Supply, Applauds Recent BoG FX Measures 

ECG Cancels Over 200 Contracts in Procurement Clean-Up

Harry Kane Makes History: Fastest to Reach 100 Goals for Bayern Munich

“Our focus as a nation is to surpass the production and production capacity of both Ivory Coast and Ghana in the next five years through a sustainable cocoa production where we will have a more realistic largest cocoa pyramid in the world in Nigeria to grow our foreign exchange earnings and GDP respectively… This will be done particularly on the safe use and application of pesticide, child labour free, prevention of deforestation, putting traceability in place, having sustainable ecosystem and good quality cocoa in general.”

According data obtained from World Population Review, Ivory Coast is currently the largest producers of cocoa beans in Africa.

As of 2021, the Francophone West African country recorded a production output of 2,034,000 metric tones, followed by Ghana with 883,652 metric tones. Nigeria’s output during the year under review stood at 328,263 metric tons.

Source: businessinsiderafrica
Via: norvanreports
Tags: cocoa farmersghanaNigeriaNigeria hoping to overtake Ivory Coast and Ghana in cocoa production by 2027Nigeria's cocoa output
No Result
View All Result

Highlights

Manchester United Unveils Plans for Canopy-Free Old Trafford Upgrade

Premier League: Hearts of Oak Edge Eleven Wonders to go top

Why Women Must Be Involved In Building Flood Resilience

African Development Bank Group and Michael Bloomberg to Drive Private Investment into Africa

Bitcoin Drops to $109K as Crypto Market Loses $200 Billion

AI in Africa: 5 Issues That Must be Tackled for Digital Equality

Trending

Features

AGI Reports Improved Dollar Supply, Applauds Recent BoG FX Measures 

September 27, 2025

AGI Reports Improved Dollar Supply, Applauds Recent BoG FX Measures  The Association of Ghana Industries (AGI) has...

ECG Cancels Over 200 Contracts in Procurement Clean-Up

September 27, 2025

Harry Kane Makes History: Fastest to Reach 100 Goals for Bayern Munich

September 27, 2025

Manchester United Unveils Plans for Canopy-Free Old Trafford Upgrade

September 27, 2025

Premier League: Hearts of Oak Edge Eleven Wonders to go top

September 27, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.