Thursday, July 2, 2026
  • Login
No Result
View All Result
The Business Times
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
No Result
View All Result
The Business Times
No Result
View All Result
Home Agriculture

FG Launches 1 Million Hybrid Cocoa Seedlings to Boost Nigeria’s Cocoa Industry

byStephen Abebor
July 2, 2026
in Agriculture, Business, Economy
0
FG Launches 1 Million Hybrid Cocoa Seedlings to Boost Nigeria’s Cocoa Industry
7
VIEWS
Share on FacebookShare on Twitter

The Federal Government has launched the distribution of one million improved hybrid cocoa seedlings under the National Cocoa Development Plan, marking a significant step toward revitalising Nigeria’s cocoa industry, improving farmer productivity, and strengthening the country’s position in the global cocoa market.

The programme was officially flagged off on Wednesday at the Cocoa Research Institute of Nigeria (CRIN) in Ibadan, Oyo State, by the Minister of Agriculture and Food Security, Senator Abubakar Kyari. He described the initiative as a key pillar of President Bola Tinubu’s Renewed Hope Agenda aimed at driving agricultural transformation and expanding non-oil export earnings.

Speaking at the ceremony, Kyari said the intervention extends beyond the distribution of planting materials, describing it as a long-term strategy to restore the competitiveness of Nigeria’s cocoa industry.

“Today’s event is not merely the distribution of planting materials. It is the commencement of a strategic national intervention to restore the strength of Nigeria’s cocoa industry, improve the livelihoods of our farmers, increase export earnings, and reposition our country as a leading player in the global cocoa economy,” he said.

The hybrid seedlings, developed by the Cocoa Research Institute of Nigeria, are designed to produce higher yields, mature earlier than conventional varieties, and offer improved resistance to diseases and changing climatic conditions. The seedlings will be used to rehabilitate ageing cocoa plantations while supporting the establishment of new commercial farms across cocoa-producing states.

The minister noted that Nigeria’s cocoa production has been constrained by ageing tree stocks, declining farm productivity, limited access to improved planting materials, inadequate extension services, and the growing impact of climate change. Addressing these structural challenges, he said, is essential to restoring sustainable growth in the sector.

Beyond increasing production, the government is pursuing policies to expand domestic cocoa processing capacity, allowing Nigeria to export more value-added products such as cocoa butter, cocoa powder, and chocolate instead of relying predominantly on raw cocoa bean exports. The strategy is expected to generate higher export revenues, create jobs across the value chain, and reduce the economy’s dependence on crude oil earnings.

Kyari also disclosed that the programme incorporates digital farm mapping and traceability systems to ensure compliance with the European Union Deforestation Regulation (EUDR). Meeting these international sustainability standards will improve Nigerian cocoa’s access to premium export markets and strengthen its competitiveness globally.

Industry stakeholders view the initiative as an important milestone for rebuilding Nigeria’s cocoa sector. If effectively implemented alongside sustained farmer support, improved financing, and stronger extension services, the programme could significantly raise national cocoa output, enhance rural incomes, and reinforce agriculture’s contribution to economic diversification.

Tags: Abubakar KyariAgricultural DevelopmentCocoa FarmingCocoa Research Institute of NigeriaCRINEUDR complianceFederal GovernmentHybrid Cocoa SeedlingsNational Cocoa Development PlanNigeria CocoaNon-Oil ExportsRenewed Hope Agenda
Stephen Abebor

Stephen Abebor

Next Post

Nigeria Targets Global Fintech Leadership with New Payment Vision 2028

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Access Holdings Surpasses N1 Trillion Profit, Strengthens Position for Long-Term Growth

3 weeks ago

Business Confidence Slips Despite Continued Economic Expansion Trend

3 months ago

Popular News

  • Shell Predicts Strong Growth in Global LNG Demand Despite Market Challenges

    0 shares
    Share 0 Tweet 0
  • Power Minister Unveils New Plan to Tackle Nigeria’s Electricity Crisis

    0 shares
    Share 0 Tweet 0
  • Nigeria Targets Global Fintech Leadership with New Payment Vision 2028

    0 shares
    Share 0 Tweet 0
  • FG Launches 1 Million Hybrid Cocoa Seedlings to Boost Nigeria’s Cocoa Industry

    0 shares
    Share 0 Tweet 0
  • NECA Says Economic Reforms Have Yet to Reduce Pressure on Nigerian Businesses

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Twitter Instagram TikTok

Newsletter

Pages

  • About Page
  • Contact
  • Domestic Gas Sales Rise 30% as Nigeria’s Energy Reforms Gain Traction
  • Privacy Policy
  • Terms & Conditions

Navigation

  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .