Nigeria’s cocoa industry has declined significantly, now producing only 6 percent of global output. The proposed National Cocoa Management Board (NCMB) seeks to revitalize this sector by addressing historical challenges and promoting sustainable farming practices. Its success will depend on effective governance and adapting to global market demands and regulations.
Nigeria’s cocoa industry has seen a significant decline since its peak in the 1970s, when the country was the world’s second-largest cocoa producer, contributing nearly 50 percent to national exports. Today, Nigeria only accounts for 6 percent of global production—far behind top producers like Côte d’Ivoire and Ghana. This downturn stems largely from the shift of national focus and investment towards oil during the 1970s, overshadowing vital agricultural sectors and leading to unmet potential in cocoa production.
The establishment of the National Cocoa Management Board (NCMB) could represent a vital turning point for the Nigerian cocoa industry. Proposed by Minister of Agriculture and Food Security, Abubakar Kyari, the board’s goal is to tackle issues that have plagued the cocoa sector over the years, like centralization under military rule, corruption, and a bureaucratic system that has let farmers down. Farmers have historically contended with a myriad of challenges, from delayed payments and poor infrastructure to the spread of devastating plant diseases.
The NCMB aims to coordinate production and marketing, boost quality standards, and facilitate access to credit for smallholder farmers, all while promoting climate-smart agricultural practices. If done correctly, this could not only improve Nigeria’s cocoa exports but also secure sustainable livelihoods for millions of people involved in the industry. Furthermore, the board’s success would hinge on creating price stability and encouraging domestic processing, addressing a striking fact: Nigeria processes less than 10 percent of its cocoa locally.
With the rising demand for cocoa, particularly from Asia, Nigerian producers must also contend with tougher regulations such as the European Union Deforestation Regulation (EUDR), which requires proof of sustainable sourcing. This poses a challenge for many Nigerian farmers, especially with their current struggles like inadequate financial resources and lack of access to digital infrastructure. If Nigeria does not adapt to these demands, it risks being sidelined in the international cocoa market.
The establishment of the NCMB is indeed a hopeful development in revitalizing Nigeria’s cocoa industry. Recognizing past mistakes, focusing on collaborative governance, and prioritizing farmer needs are critical. The path ahead will be challenging, yet with the right strategies, Nigeria could reclaim its position as a leader in cocoa production, enhancing both economic growth and employment opportunities. It’s crucial now for stakeholders to work together to build a sustainable future for Nigeria’s cocoa sector.
Original Source: businessday.ng
