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Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> - Agriculture (3) - Nairaland

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Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by pzworld: 7:40am On Nov 04, 2014
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Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by condralbede(m): 7:42am On Nov 04, 2014
GeneralShepherd:
how can we verify the integrity of this data? Will it be like when Mrs Iweala told us that buses are on the way to cushion the effect of subsidy removal? Or like when Labaran Maku told us that within 2 years we will be seeing the effect of subsidy removal positively?

My point is that Nigerian governments not just GEJ,boths state(fashola inclusive) and federal are notorious for generate often false data points that cannot be support with evidence.


Long live the Federal Republic Of Nigeria.
You are person Broo....#Fixed
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by uzolexis(f): 7:43am On Nov 04, 2014
We r exporting cocoa n importing chocolate cry
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by PROCTOR: 7:48am On Nov 04, 2014
Who told you they know mathematics
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by latolak(m): 7:50am On Nov 04, 2014
$10 billion is a lot of money for any economy. If this is true, there should be obvious benefits.
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by iamord(m): 7:52am On Nov 04, 2014
rudedough:
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.

To succeed at this we need to bring the culture of eating chocolate..for such a market to be successful. Nigeria, cote diviore , ghana are cocoa producing nations and not chocolate eating nations . The average African man seeks quantity and less of quality.. Why buy 300 naira chocolate when he can buy beta eba swallow and kpomo for that price #black man mentality
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by gidjah(m): 7:54am On Nov 04, 2014
DO WE STILL have cocoa in this country?
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by iamord(m): 7:54am On Nov 04, 2014
uzolexis:
We r exporting cocoa n importing chocolate cry

We don't have a chocolate market here!!
The same we have gold but not the jewelry market.
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by Glock9(m): 7:54am On Nov 04, 2014
One will have to wonder what the composition of the export is. Who are the major producers/exporters of cocoa in the country?

How is this estimated as the value alone is over 30% of the annual budget.
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by iamord(m): 7:56am On Nov 04, 2014
latolak:
$10 billion is a lot of money for any economy. If this is true, there should be obvious benefits.
That's why its a lie.. If it were as easy as that. Am going to take over my grand pa acres of cocoa farm
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by Nobody: 8:01am On Nov 04, 2014
While kleptos pockets d returns!
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by delvinmaya(m): 8:10am On Nov 04, 2014
Chai, this explains a lot about people on this forum! So y'all just read the topics and comment without reading the content? Despite all attempts by @perep to correct the op, people still ask where the money is, indeed ignorance is a terrible thing.

3 Likes

Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by ddeola: 8:12am On Nov 04, 2014
And where does the money go ?
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by philips70(m): 8:13am On Nov 04, 2014
[s]Olusegun Aganga, the minister of industry, trade and investment, has disclosed that the total value of exporting raw cocoa from Nigeria is approximately $10 billion a year.

He reiterated the commitment of the country to expand the commodity’s production for additional foreign earnings.

Aganga, who said this at the just concluded cocoa summit 2014 in Abuja, noted that with the planned repositioning efforts of the present administration, the country would extract immense value out of the cocoa industry.

According to him, the Federal Government would not relent in the implementation of expansion projects for cocoa processing and manufacturing in the country to claim a greater share of the annual $200 billion global market for finished goods made from cocoa.

“The total global value of exporting raw cocoa is approximately $10 billion a year; the total value from chocolates alone, all made from cocoa, is over $100 billion a year, while the total value of all finished goods made from cocoa is estimated to be as high as $200 billion a year, all drawing from the same $10 billion raw cocoa beans produced.

“With the situation today, about 76 percent of total cocoa produced is from Africa, but less than five percent of the wealth in the value chain is retained here. After many decades of dominating cocoa production, it is worrying that we still remain price takers, and capture so little value. This is not right, and this is what we have set out to change”, he said.

Aganga said with the expansion of cocoa processing and manufacturing capacity, government was set to retain more of the value of the cocoa industry in Nigeria, create jobs and wealth for citizens and generate income for government.[/s]







[b]And these are the type of people TAN parades on Nairaland. They come here to deceive gullible Nigerians daily about some invisible achievements of a lying government. Atlwireless and his co-travellers are just shameless people. And to think that a MOD brought this to front page without seeing the contradiction in information is really really absurd and shows Nairaland to be very unserious. How much is Nigeria's 2014 budget? These are the kind of lies they have been governing us with for the past 5 years. Ngozi Okonjo-Iweala is their chief liar-in-state. All for 2015.

If Nigeria even have all non-oil export of $10b yearly Asari Dokubo and Tompolo would not be in existence by now. Either they be dead or locked far away where they will not have the audacity to threaten a sitting president the way Asari does every media house he goes. This post is a shame to atlwireless, shame to the MOD who brought it to front page, shame to seun, owner of Nairaland and shame to us all if we do not resist it.[/b]

1 Like

Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by SexyRihanna(f): 8:16am On Nov 04, 2014
but where are they taking all the money to cos i cant see them
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by manutdadex(m): 8:20am On Nov 04, 2014
Ochiske:


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
cocoa is nt petroleum or any oda natural resources dat d money wil go to the federation accout but a farm produce, d money goes to d farmers n every oda person involve in d biz...and read d post b4 u reply nt d tittle.
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by PassingShot(m): 8:23am On Nov 04, 2014
GeneralShepherd:
how can we verify the integrity of this data? Will it be like when Mrs Iweala told us that buses are on the way to cushion the effect of subsidy removal? Or like when Labaran Maku told us that within 2 years we will be seeing the effect of subsidy removal positively?

My point is that Nigerian governments not just GEJ,boths state(fashola inclusive) and federal are notorious for generate often false data points that cannot be support with evidence.


Long live the Federal Republic Of Nigeria.


Misleading title! The key word missed by the OP is "global".

"The total global value of exporting raw cocoa is approximately $10 billion a year; the total value from chocolates alone, all made from cocoa, is over $100 billion a year, while the total value of all finished goods made from cocoa is estimated to be as high as $200 billion a year, all drawing from the same $10 billion raw cocoa beans produced".
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by daryoor(m): 8:24am On Nov 04, 2014
he said the have a "repositioning plan". if our plans ever matched reality Nigeria would be like America. we always have flawless plan but when it comes to execution.. ofo
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by PassingShot(m): 8:25am On Nov 04, 2014
Glock9:
One will have to wonder what the composition of the export is. Who are the major producers/exporters of cocoa in the country?

How is this estimated as the value alone is over 30% of the annual budget.

Misleading title! The key word missed by the OP is "global".

"The total global value of exporting raw cocoa is approximately $10 billion a year; the total value from chocolates alone, all made from cocoa, is over $100 billion a year, while the total value of all finished goods made from cocoa is estimated to be as high as $200 billion a year, all drawing from the same $10 billion raw cocoa beans produced".
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by PassingShot(m): 8:27am On Nov 04, 2014
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.

Misleading title! The key word missed by the OP is "global".

"The total global value of exporting raw cocoa is approximately $10 billion a year; the total value from chocolates alone, all made from cocoa, is over $100 billion a year, while the total value of all finished goods made from cocoa is estimated to be as high as $200 billion a year, all drawing from the same $10 billion raw cocoa beans produced".
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by iaatmguy(m): 8:33am On Nov 04, 2014
GeneralShepherd:
how can we verify the integrity of this data? Will it be like when Mrs Iweala told us that buses are on the way to cushion the effect of subsidy removal? Or like when Labaran Maku told us that within 2 years we will be seeing the effect of subsidy removal positively?

My point is that Nigerian governments not just GEJ,boths state(fashola inclusive) and federal are notorious for generate often false data points that cannot be support with evidence
May God bless you, I love the fashola inclusive part, they all know nobody will falsify them thats y they say anything, most especially this agangaa


Long live the Federal Republic Of Nigeria.
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by musicwriter(m): 8:41am On Nov 04, 2014
If only we can embrace science to learn how to use what we have to get what we want, there would've been no need to export cheap raw cocoa but produce chocolate e.t.c and ship them out to Europe and America at expensive price. That's where the real profit is.
Now, we have to wait for this same cocoa to be shipped back to us at expensive price in the form of chocolate.
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by Nobody: 8:41am On Nov 04, 2014
gidjah:
DO WE STILL have cocoa in this country?
over 90% of it in Ekiti and Ondo.
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by sterling247: 8:43am On Nov 04, 2014
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Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by PassingShot(m): 8:59am On Nov 04, 2014
THE RATE AT WHICH MISLEADING, UNVERIFIED AND FAKE NEWS HIT THE FRONT PAGE OF NAIRALAND NOWADAYS SHOULD BE WORRYING TO PATRIOTIC NIGERIANS IRRESPECTIVE OF THEIR POLITICAL LEANING.

MOD OR SEUN, BE BOLD AND REMOVE THIS TOPIC FROM THE FP. AT THE LEAST, RE-WORD THE TITLE AS IT IS VERY VERY MISLEADING.
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by Orikinla(m): 9:36am On Nov 04, 2014
[size=18pt]Nigeria does not export US$10 billion raw cocoa annually.
That is the annual global value and not that of Nigeria.
“Nigeria is the world’s 4th largest producer and exporter of cocoa.

Around the world, 5 million to 6 million cocoa farmers—and 40 million to 50 million people total—depend on cocoa for their livelihood. The World Cocoa Foundation (WCF), which provided these estimates, puts annual cocoa production worldwide at 3.8 million tons valued at $11.8 billion. For the past century, demand has grown 3 percent per year.

Top 10 cocoa producing countries

Dominican Republic – 54,279 tons
Peru – 56,500 tons
Togo – 100,000 tons
Equador – 224,163 tons
Brazil – 248,524 tons
Cameroon – 272,000 tons
Nigeria – 400,000 tons
Ghana – 700,020 tons
Indonesia – 712,200 tons
Ivory Coast – 1,559,441 tons


Read more: http://www.seriousrankings.com/cocoa-producing-countries/#ixzz3I5R5TSX1[/size]
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by Lesgupnigeria(m): 9:56am On Nov 04, 2014
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.
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by oyeludef(m): 10:10am On Nov 04, 2014
Our oil based economy needs to be diversified nd only people with brain can see reasons to do dis. Talking of brain, imagine some1 having beauty along side brain. Vote nabsprada for miss nairaland 2014, vote beauty plus brain
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by aslan(m): 12:30pm On Nov 04, 2014
na for where them plant am? where all the money go? rubbish nigerian government. they can say millions on tv but they can never show it in our economy! crappy people!
Re: Nigeria Exports $10bn Raw Cocoa Annually <<FALSE>> by aslan(m): 12:34pm On Nov 04, 2014
Adminisher:
THIS IS A BIG LIE.
Cocoa exports have improved commendably but to say it is $10bn a year is being very dishonest from the minister. People should be careful the way they bandy figures about.
abi now! even samsung will have to sell twenty million galaxy S4s at five hundred dollars to make that kind of money! liars! they are saying it as if people eat raw cocoa everyday!

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