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Nigeria targets 500,000 tonnes cocoa output to challenge global leaders

Booming cocoa prices are stirring interest in turning Nigeria into a bigger player in the sector, with hopes of challenging top producers Ivory Coast and Ghana, where crops have been ravaged by climate change and disease. Nigeria has struggled to diversify its oil-dependent economy but investors have taken another look at cocoa beans after global Read More



Nigeria aims to produce 500,000 tonnes of cocoa by the 2024-2025 season, challenging leading producers due to climate change and disease impacting crops in Ivory Coast and Ghana. Soaring cocoa prices have spurred investment and interest from local firms and international entities. While Nigeria's cocoa production reached over 280,000 tonnes in 2023, the ambitious target faces challenges including modernizing farming practices and supporting small-scale farmers.

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