IFC Partners with Nigeria’s Johnvents Industries to Boost Cocoa Processing Capacity

• $23.3m deal aims to double Johnvents’ cocoa processing to 120 metric tons per day
• Initiative aligns with Nigeria’s goal to enhance value-addition in commodities and diversify the economy

Lagos, Nigeria – The International Finance Corporation (IFC), the private-sector financing arm of the World Bank Group, is partnering with Nigerian company Johnvents Industries Limited in a $23.3 million deal to double the company’s cocoa processing capacity to 120 metric tons per day.