₦airaland Forum

Chetas81:
WHEN THE BRITISH BRING IT BACK TO THIS SICK NATION, THE NIGERIAN WILL CALLED IT CHOCOLATE, YOU FAIL TO PROCESS IT HERE IN NIGERIA, AS YOU GUYS HAVE NO IDEA😀

aribisala0:
Good but

We should be more ambitious

Everything they do with cocoa in Belgium we can do here

Let us not celebrate crumbs when we can get the loaf

UpaIweka:
This will will make many obidient n ipob sad. Make God help Nigeria from enemies within.

Their mentor Obi keep shouting from consimption to production yet he keep importing from toothpick to anything unimaginable.

Gerrard59:
600K ke? It was 1.1m per tonne. Take it or leave it. Traders had to go to far-flung states to buy cocoa because it was in enormous demand in the major producing states.

Gerrard59:
This is not true. Ondo is. The major cocoa producing states in the country are in the southwest. Cross River is the top non-southwest producing state.

emmaodet:
Now in my hometown in Osun state, the cocoa farmers are daring yahoo boys to compete with them because yahoo boys don do them shege in the past sleeping with their wives.
1 ton sold for close to 10m, which means a 100kg bag sold for 1m

emmaodet:
Funny enough, most of the cocoa farms were already dying due to low patronage and market because most younger generation were not interested in it anymore.
Infact, some farmers were uprooting cocoa trees to plant cashew, palm oil and rubber trees but I guess many will run back into the business now.
My grandfather who died 5 years ago had 100's of cocoa farm and was even far richer than his children in cities doing civil servant jobs yet, no one deem it fit to go back to run the farms in Osun and ondo

destinychildolu:
I am expecting more of these news during 2026. It came so early. Propaganda machine are already at work

emmaodet:
Now in my hometown in Osun state, the cocoa farmers are daring yahoo boys to compete with them because yahoo boys don do them shege in the past sleeping with their wives.
1 ton sold for close to 10m, which means a 100kg bag sold for 1m

meobizy:
Cocoa plenty like that? Crude oil is understandable because it takes little or nothing to produce. Cocoa takes a considerable length of time to be economically feasible.

aribisala0:
Are we doing well in the oil industry?

Our problem in Africa is mediocrity
Among the biggest oil companies are SHELL,TOTAL AGIP

All from countries without a drop of oil

We should not be exporting a drop of of unrefined oil
We have so much gas but cannot use it for our people

We should long have outgrown the export of commodities

What we need is factories and jobs


70% of the World cocoa is from West Africa mostly from slave like labour

In the past they used to import slaves now they outsource it
We stay at home and slave


Would Trump tolerate this situation
A situation where 70% of cocoa in the world is from America and they don't get to make any chocolate

Why do we accept it and even jubilate?

ignorance

When we are informed what do we do?

SaintLucia:
This is good news. I'm also into cashew and palm kernel business. I export to North Africa countries on a medium quantity. Agricultural business is good o if you have enough money.

Chetas81:
they told Nigerian not to process it here in Nigeria,

seunowa:
Amid the rise in cocoa production and export in Nigeria, shipments of the product to Belgium in 2024 overtook crude oil, Nigeria’s main export product, the Belgian Ambassador to Nigeria, Pieter Leenknegt, has said.

Nigeria has been experiencing a substantial increase in cocoa export revenue, fuelled by the devaluation of the naira and renewed global demand.

The rise since 2024 is also driven by climatic challenges in the Ivory Coast and Ghana, two top cocoa producers, which have reduced their production capacities.

According to the National Bureau of Statistics (NBS), cocoa exports rose by 606 per cent in the fourth quarter of 2024. Exports rose from about ₦171 billion in the last quarter of 2023 to ₦1.2 trillion in the last quarter of 2024. The figures are expected to be higher this year as Nigeria generated N1.32 trillion in revenue from cocoa exports in the first quarter of 2025

Cocoa exports contributed 77 per cent of the total agricultural export of N 1.70 trillion in the first quarter of 2025.

Speaking on the increased export of Nigeria’s cocoa to Belgium, the Belgian ambassador said this presents an opportunity for Belgium to diversify its trade with Nigeria, shifting from its traditional focus on crude oil.

“Nigeria’s exports to Belgium have historically also been mostly crude oil. Now, that is no longer true in 2024, because now cocoa has overtaken crude oil as a main product of export to Belgium,” he said in an exclusive interview with PREMIUM TIMES.

Last year, Belgium was a top destination country for cocoa shipped from Nigeria.

However, experts have said the changes are not primarily triggered by increased production in Nigeria but rather by the naira devaluation, which has fuelled more exports of the product by farmers and traders. Although there are cocoa processing companies in Nigeria that transform cocoa into finished products like chocolate, many farmers and traders now prefer to export the product so as to earn more from foreign exchange.

On Belgium’s trade with Nigeria, Mr Leenknegt said, I often tell Nigerians and Belgians alike, Belgian-Nigerian relations in 2025 are going to be about agriculture and health.”

Meanwhile, refined petroleum imports from Belgium to Nigeria have begun to decline.

Mr Leenknegt said the dip in Nigeria’s import of petroleum products from Belgium is also likely to grow due to the operations of the Dangote Refinery.
https://www.premiumtimesng.com/news/headlines/812921-cocoa-overtakes-crude-oil-as-nigerias-major-export-to-belgium-in-2024-ambassador.html#:~:text=Nigeria's%20cocoa%20exports%20rose%20by,the%20fourth%20quarter%20of%202024.&text=Amid%20the%20rise%20in%20cocoa,%2C%20Pieter%20Leenknegt%2C%20has%20said.

DeLaRue:
Fantastic news.
I was with a state government official recently when he said that Akwa Ibom is on the coat tail of his state (Ondo) and may likely surpass Ondo as the highest producer of cocoa in a few years.

Interestingly, I also heard that many of the farm hands and workers in Ondo cocoa farms are from Akwa Ibom. Many of the original owner families stopped showing much interest in the farms when cocoa prices was depressed for so many years. Now that prices have shot through the roof, they are returning to reclaim their farms.

Nigeria should certainly take advantage of the current international market situation.

destinychildolu:
I am expecting more of these news during 2026. It came so early. Propaganda machine are already at work

xavuv:
True. Last year/early this year cocoa farmers around me kept buying cars worth 15-25 mil

owobokiri:
Small nyansh dey shake ooo
Trying to drive a sterile narrative that Cocoa contributes anything tangible to the national purse?
Any increases in terms of the quantity of financial accruals from the ao called cocoa exports, has nothing to do with any wonderful economic impact associated with the policies of the present rudderless regime. It is all about an increase based on the devaluation of the naira! Put succinctly; the dollar gives ypu more worthless naira these days. To start with, how much quantity of Oil has Nigeria been selling to Belgium? What next? Agbe-rosim overtakes Nigeria gas export to Bhutan and Laos!
Lagos must be feeding us some Time immemorial naa

esnbrutality:
So much NOISE ogbeni.

Declare Oduduwa Republic as you have arrived. Don't you love developing your region without anybody doing so for you?

Oduduwa Republic will be a success Story and Yoruba will enjoy total monopoly of their Country. At least IGBOs (you hate) won't be disturbing you again.

aribisala0:
Are we doing well in the oil industry?

Our problem in Africa is mediocrity
Among the biggest oil companies are SHELL,TOTAL AGIP

All from countries without a drop of oil

We should not be exporting a drop of of unrefined oil
We have so much gas but cannot use it for our people

We should long have outgrown the export of commodities

What we need is factories and jobs


70% of the World cocoa is from West Africa mostly from slave like labour

In the past they used to import slaves now they outsource it
We stay at home and slave


Would Trump tolerate this situation
A situation where 70% of cocoa in the world is from America and they don't get to make any chocolate

Why do we accept it and even jubilate?

ignorance

When we are informed what do we do?

aribisala0:
Good but

We should be more ambitious

Everything they do with cocoa in Belgium we can do here

Let us not celebrate crumbs when we can get the loaf

Gerrard59:
Interesting. The diseases and weather really affected Ivorian and Ghanaian farmers. Our farmers, those in Liberia and Cameroon, are the major beneficiaries. Unlike in Ivory Coast and Ghana, there is no price regulation for cocoa in the other trio. The free market wins. The increased prices have jolted Brazil, Peru and even Papua New Guinea to cultivate more cocoa so they can harvest and export.

And yes, up until now, our total annual tonnes per annum have been reducing. Na small we take gap Cameroon. My fear is Brazil - those guys are very good at agriculture. If they surpass us, Ivoriens and Ghanaians should be afraid.

If the Chinese and later Indians can adopt chocolates like the Europeans, hopefully, the price will remain high enough. May climate change continue to affect cocoa plantations elsewhere. When I saw the increased prices earlier this year and even read a prominent French banker's analysis, I went to church the following Sunday and told the pastor, "Cocoa prices have shot up this year and last year. Pastor, you Yoruba people have made a sheet load of money". The pastor smiled.

Farming is good. Our farmers need security, and our big boys need to go into processing and exporting. No be every time land banking and real estate wey no get pedestrian walkways. 🙄