The Federal Government has denied reports that it plans to stop the export of raw cocoa beans.
The Minister of Agriculture and Food Security, Senator Abubakar Kyari, said the government has no intention of banning cocoa exports. Instead, it wants to encourage more local processing of cocoa into products such as cocoa butter, cocoa powder and chocolate.
In a statement released on Friday, Kyari said the government’s goal is to add more value to cocoa production and help Nigeria earn more money from the sector.
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He explained that reports claiming the government plans to ban raw cocoa exports are false.
According to him, the government’s priority is to create an environment that attracts investment in cocoa processing, increases farmers’ incomes, creates jobs and boosts export earnings.
“Our objective is value addition, not an export ban,” the minister said.
Kyari added that the policy is part of President Bola Tinubu’s
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