Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


USAID pledges to boost cocoa production in Nigeria

24 March 2015, 16:10

Lagos - The United States Agency for International Development (USAID) on Tuesday restated its commitment to support Nigerian farmers in boosting cocoa production towards diversification of the nation’s economy.

USAID’s Director of Economic Growth and Environment, Mathew Burton, said in Lagos that cocoa was Nigeria’s key export that urgently needed to be developed.

Burton said that it was imperative for Nigeria to be encouraged to diversify her economy especially now that the prices of oil had fallen.

According to him, increase in the production of cocoa will also boost local and international consumption of the product.

"The U. S. Government, through the USAID, will continue to support Nigerian farmers in the development of the cocoa sector due to current fall in the prices of oil.

Also read: Government., USAID, sign MoU on expansion of trade between Nigeria, U.S.

"We think the time is ripe for diversification in Nigeria’s economy.

"The USAID is very much interested in supporting Nigerian Government’s effort at diversifying her economy.

"And cocoa as we all know is one of Nigeria’s key exports, with a high global demand and prices.

"So, there are obviously opportunities for Nigeria to explore in the development of her cocoa sector,’’ he said.

The USAID’s official, however, noted that the nation’s cocoa industry had in the 10 to 15 years witnessed an under-investment.

Burton said that the agency was already working with Nigeria’s small holder farmers as well as bringing in large scale investment for the development of the sector.

He also said that the agency had launched different business initiatives for Nigerians interested in doing business with the U.S.


Tags usaid nigeria

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...