ggg

2015 is around d corner y will nigerians not hear stories that touch

Ghana produces way more than us as you can see from the table below an excerpt of their financial report.

Country Amount produced Percentage of world production
Côte d'Ivoire 1.23 million tons 34.7%
Ghana 746 thousand tons 20.6%
Indonesia 489 thousand tons 13.8%
Cameroon 220 thousand tons 5.9%
Nigeria 210 thousand tons 5.9%
Brazil 165 thousand tons 4.7%
Ecuador 130 thousand tons 3.7%
Malaysia 32 thousand tons 0.9%

Ghana exported 526,761 MT of cocoa beans in MY2009/10 up from 485,785 MT in MY2008/09.
The busiest shipping season runs from November to April. Cocoa bean exports account for about 40 percent
of the country’s foreign exchange earnings and provide the second largest source of export dollars.
However, according to the Bank of Ghana, export receipts of cocoa beans and products for the first
quarter of 2011 amounted to $859.4 million accounting for about 61 percent of total export earnings as
compared with $682.5 million for 2010 which was 48.8 percent.

so lets say their total earnings for 2010 is 859.4/61 X 100=$1.408 billion.
Then for 746 MT = $1.995 billion.
Factor in inflation at 14.5%= $2.284 Billion

The minister must be talking about the revenue for all the African countries exporting cocoa, which by the time you factor ivory coast might be almost $10 billion, .Actually that is what he meant, the total global value, the topic is wrong.

The total global value of exporting raw cocoa is approximately $10 billion a year;

And we have more producing capacity than Ghana, if the government would just support it.

Agriculture is the. Way... The. Truth and d life of any economy devoid. Of technological advancement.like nigeria

.

The GEJ govt and useless statistics tho... Is this supposed to stop me from voting Buhari cum 2015?

babyest22:
where is the money?

ignorance is a deadly disease.

There is still sth I don't understand wt some posts on nl.Is dat some pple can't comprehend sentences in english,or is it laziness or is it dat d education received from d foundation yrs is so poor?
This post by d op is a clear eg again.
Aganga in d body of d post clearly stated dat d total value GLOBAL cocoa exports annually is $10b;yet one mumu op from clear lack of comprehension or laziness twisted d man's speech to say he sed total value of nig cocoa exports.
Yet its on Fp wt dat clearly misleading title and some posters are alredy claiming d fg is lying wen their venom shud b on d mumu op and d fp moderator.

Pappy Joe deceive pikins.POWER/KEY MUST CHANGE HAND COME MAY,2015. We've suffered enuf.GMB is the SOLUTION

free2ryhme:
2015 is around d corner y will nigerians not hear stories that touch

Expect more reports like this as the kingdom of election is drawing near. who is fooling who?

OP,

Pls change this Misleading Topic after reading the Post again. Note, the 10 Billion USD is for Global Cocoa export.

For me, I think it is noble to localize the Chocolate Industries for local consumption and export. There is just a lot of opportunity for private sector in the Agriculutural Sector of this country but even most of the industrialists that should have improved this sector is busy jostling for Government houses.

Let's create the jobs and Nigeria will be a great place for all of us.

GOVT cannot provide all the Jobs we need.

Nonsense figure.. Ghana produces 4 times the cocoa that Nigeria does, so I'm suppose to believe that Ghana earns $40billion from cocoa?

Nonsense figure this.

PEREP:
OP,

Pls change this Misleading Topic after reading the Post again. Note, the 10 Billion USD is for Global Cocoa export.

For me, I think it is noble to localize the Chocolate Industries for local consumption and export. There is just a lot of opportunity for private sector in the Agriculutural Sector of this country but even most of the industrialists that should have improved this sector is busy jostling for Government houses.

Let's create the jobs and Nigeria will be a great place for all of us.

GOVT cannot provide all the Jobs we need.

I thought so..

Really?

PEREP:
OP,
Pls change this Misleading Topic after reading the Post again. Note, the 10 Billion USD is for Global Cocoa export.
For me, I think it is noble to localize the Chocolate Industries for local consumption and export. There is just a lot of opportunity for private sector in the Agriculutural Sector of this country but even most of the industrialists that should have improved this sector is busy jostling for Government houses.
Let's create the jobs and Nigeria will be a great place for all of us.
GOVT cannot provide all the Jobs we need.

If u like explain from now to 2022, Trolls will always be trolls, Anyways its their job to attack any percieved opposition

Always figure without actions!

babyest22:
where is the money?

this is exactly the same question I was about asking. Where dafauq is the $10bn? Is it in the federation account or in the pockets of a select few

babyest22:
where is the money?

That's the exact question I wanted asking.... WHERE THE HELL IS THE MONEY

Government officials seems to be reeling out figures and wuruwuru statistics nowadays...why?.
Abi na part of 2015 re election game plan

Pls, where is Nigeria?
I heard that the country had a clueless president,
Pls tell me more because I schooled in France

Thats always my problem with the Nigeria Economy.
Why cant we add value to this raw cocoa to create employment oppprtunities for nigeria and grow the economy.
By exporting raw cocoa to the outside world,we are not only providing employment for other country but diminishing our economy.


Check my articles in the agric section on how to make money and change your level fast from starting an agribusiness in the multi-billion naira industry.

We just dey look una. Shebi February 14 is by the corner. Na that time una go know say we no be mumu.

Ngozi, Over to you
you see the money?

sign of a good thing

babyest22:
where is the money?

as you know,most countries like the usa have stopped purchasing oil from Nigeria which means most money we using to run nigeria is no longer a large part from oil like before. Thanks to GEJ for reducing our over dependency on oil

ochallo:
Ghana produces way more than us as you can see from the table below an excerpt of their financial report.

Country Amount produced Percentage of world production
Côte d'Ivoire 1.23 million tons 34.7%
Ghana 746 thousand tons 20.6%
Indonesia 489 thousand tons 13.8%
Cameroon 220 thousand tons 5.9%
Nigeria 210 thousand tons 5.9%
Brazil 165 thousand tons 4.7%
Ecuador 130 thousand tons 3.7%
Malaysia 32 thousand tons 0.9%


so lets say their total earnings for 2010 is 859.4/61 X 100=$1.408 billion.
Then for 746 MT = $1.995 billion.
Factor in inflation at 14.5%= $2.284 Billion

The minister must be talking about the revenue for all the African countries exporting cocoa, which by the time you factor ivory coast might be almost $10 billion, .Actually that is what he meant, the total global value, the topic is wrong.



And we have more producing capacity than Ghana, if the government would just support it.

Ghana is also working that by 2015 they would topple cote divore as top cocoa producer in the world. Ghana already has the sweetest cocoa in the world. the key is turning it into finished goods..a lot of the people in the cocoa farming have not even tasted chocolate or milo. We can't continue to be in the cave man ages. A culture of eating chocolate should be introduced. like what we have in Switzerland and france. Then it will encourage manufacturing plants in the country

osystein:
Nonsense figure.. Ghana produces 4 times the cocoa that Nigeria does, so I'm suppose to believe that Ghana earns $40billion from cocoa?

Nonsense figure this.

The figures don't add up

The idea of exporting raw materials is not a good one for our nation. We should be exporting finished products like chocolate bars, chocolate drinks, chocolate biscuits etc thereby creating jobs for our teeming population while earning more foreign exchange.

Where does all of this money go?