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How Nigeria’s cocoa strategy could end decades of oil dependence

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels

Vincent Nwanma

Vincent Nwanma is a seasoned analyst, columnist, and reporter with over 30 years of experience in business and economics journalism across Nigeria and Africa.
  • Nigeria launches €85 million cocoa processing financing initiative.
  • Strategy tests whether value addition can drive industrialisation.

 

ABUJA, NIGERIA – Nigeria is betting that processing more of its cocoa at home can finally help transform decades of unfulfilled promises to diversify its economy beyond crude oil.

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