Ghanaians get $400 per tonne; we lose N60 billion annually: Nigerian cocoa farmers
Adeola Adegoke, Cocoa Farmers Association of Nigeria (CFAN)’s president, says Nigeria loses N60 billion annually to non-collection of Living Income Differential.
The money is meant to support smallholder farmers.
Mr Adegoke disclosed this on Thursday in Abuja on the sideline of a workshop organised by the Agricultural Policy Research in Africa (APRA) and the University of Ibadan.
The workshop was meant to review cocoa production policies.
Mr Adegoke added that the association was poised towards leading the country to regain its lost glory in the comity of cocoa-producing countries.
“In the 1960s, Nigeria was producing 590,000 tonnes of cocoa and was adjudged the second largest in the world. When the oil boom came, cocoa was relegated, and in the last two months, cocoa has shown it is the highest to oil in terms of foreign exchange earnings,” he explained. “It means the foreign exchange deficit we are experiencing can only be solved through the economy… As of today, what cocoa is bringing to Nigeria is next to oil. When you look at the percentage, it shows the potential.”
In Ghana and Cote d’Ivoire, according to Mr Adegoke, each farmer collects $400 for each tonne of cocoa. “That is why Nigeria must begin to collect Living Income Differential. Non-collection makes us lose N60 billion annually,“ he pointed out.
He further mentioned that with their dominance as global cocoa producers, Ghana and Cote d’Ivoire’s new Living Income Differential was a bold new move by the two countries to make a fundamental change to the structure of global markets.
Mr Adegoke added that this would ensure that rural producers received a living income.
Munil Uba-Danabundi, the House Committee on Agricultural Colleges, Universities and Institutions of Agriculture chairman, said formulated policies should be well implemented.
Also speaking, Country Lead and Principal Investigator of APRA in Nigeria, Adeola Olajide, said the government needed to create a cocoa utilisation and consumption policy, adding that Nigeria must consume its cocoa.
(NAN)
More from Peoples Gazette
Economy
Buhari regime will continue to borrow without subsidy removal: Femi Adesina
“You know how much could have been saved if the subsidy was removed and how it could have been diverted to other areas and spheres of national life.
World
Cyclone death toll in Madagascar rises to 111
Batsirai was Madagascar’s second destructive storm in two weeks, after Cyclone Ana that killed 55 people and displaced 130,000.
States
Ekiti 2022: Bamidele speaks on defecting from APC; halts plan to sue party
Bamidele, however, insists that the APC primary was a “sham, a charade and flagrant abrasion of democracy ethos.”
Agriculture
Three farmers in court for stealing palm oil
The police said the farmers on October 17, 2021, in Igbo Odetin village, Ondo state, stole 10 kegs of 30-litre palm oil worth N230,000.
Showbiz
U.S. rapper Snoop Dogg accused of sexual assault
Jane Doe accused the rapper of entering a bathroom, forced her to perform oral sex and proceeded to masturbate in front of her.
States
Akwa Ibom govt warns traditional rulers against using media to ignite boundary crisis
“Do not take the laws into your hands or run to the press to escalate the crisis,” the government warned.
Health
Valentine’s Day: Organisation to launch condom emoji to promote safe sex
The campaign, which has as its theme “Rise of the Condom Emoji,” would be launched on February 13 and 14.
