₦airaland Forum

franchasng:
With this wonderful news of massive cocoa export, Yorubas supposed to have the full confidence to seek for their own independent Oduduwa nation where our amiable President Tinubu can become their life President as a wonderful leade
Congrats to our cocoa region

Why should Victors seek a separate nation away from you the Vanquished?

We own you and own everything you own.
Go and read clause 4 of the Instrument of Surrender.

Another good news that only the right reforms and policy of president Tinubu could have brought about but you'll hear from Peter obi bitter supporters how that doesn't matter as long as the fake drug and fake alcohol sellers and producers are not allowed to keep selling their posion to people.

Peter Obi that says if your parents are dying don't send them money can sponsor bandits, kidnappers and promote every kind of evil against Nigerians just to campaign with even though he can never be the president of Nigeria by the power in the name of God.

Majesty7:
And these unverified rubbish made front page? Value addition is being proposed by this current government. Hence, this makes this information watery. Rubbish

Posted by the US Embassy themselves

Audio

First were is the money going if true,
Second why is the FG still borrowing,
Third, nigeria as a country is likely sold...

anonimi:
Stolen as usual, just like the billions of dollars in subsidies removed, higher revenue targets in August as well as more loans than when PDP gave us:

- cheap petrol
- cheap dollars
- high employment
- high productivity
- high prosperity


to be the biggest African economy.

Otherwise, why are roads worse than the PDP years




https://www.youtube.com/watch?v=v_mAUX4wWC0?si=TH4LTxdg1B-mcxU9




https://www.youtube.com/watch?v=vaStIpnqjdU

Oga,

That is just a trade figure. It is not money that goes to the government. The money comes into Nigeria through the transaction and goes directly to hardworking individuals—farmers who planted the cocoa, processors who processed it for export, and shippers who sent it to the USA. That is a real value chain of people earning income, not government coffers. The government only collects taxes and duties on it.

We need a lot of education here. Not just rising up to blame the government for everything while some wise Nigerians are cashing out from the same value chain. The narrative that "government is getting all the money" ignores the role of the private sector and the everyday people like you and me that are actually doing the work and earning decently.

Hotfreeze:
Why should Victors seek a separate nation away from you the Vanquished?

We own you and own everything you own.
Go and read clause 4 of the Instrument of Surrender.

Na so, Mr Victor writing from his hut in Ikire Ondo while Mr Vanquish owned by Mr Victor reads from his expansive mansion in Banana Island Ikoyi, Mr Victor ekaro oh, ema bi nu sah oh

ghm:
Oga,
That is just a trade figure. It is not money that goes to the government. The money comes into Nigeria through the transaction and goes directly to hardworking individuals—farmers who planted the cocoa, processors who processed it for export, and shippers who sent it to the USA. That is a real value chain of people earning income, not government coffers. The government only collects taxes and duties on it.

We need a lot of education here. Not just rising up to blame the government for everything while some wise Nigerians are cashing out from the same value chain. The narrative that "government is getting all the money" ignores the role of the private sector and the everyday people like you and me that are actually doing the work and earning decently.

Where does non-oil tax revenue come from

Good for us but the problem is where is the money

franchasng:
With this wonderful news of massive cocoa export, Yorubas supposed to have the full confidence to seek for their own independent Oduduwa nation where our amiable President Tinubu can become their life President as a wonderful leade


Congrats to our cocoa region

142 million dollars is not enough for any country.

You guys have the wrong idea of development. That's why when all of you get your new countries, should it happen, they would all be poor, broke, like Nigeria is now, because you think that selling resource and sharing money is the way to development.

All of you secessionists don't talk about how your new countries can become producers of cars, phones, televisions, computers, etc for export. You all want to be like Dubai , sharing oil money and building nice buildings...forgetting that resources are finite, and don't yield enough money

That's why I have a big problem with you nairaland members. Most of you are so focused on oil...that you don't want to focus on productivity. And that's why you never get good leaders...you get tinubu like leaders running your show.

enest2000:
Great development indeed.... So where is the $142m or what was it spent on?

You have to ask our farmers that question. You can go to states like Ondo where there are many cocoa farmers. Majority of them buy cars they don’t need instead of investing in farming equipments. Spending on unnecessary party just because of cocoa export boom. Bunch of dimwits.

anonimi:
Where does non-oil tax revenue come from

Non-oil tax revenue refers to all tax income collected by the government that does not come from the extraction or sale of crude oil. It is the primary driver of Nigeria's domestic revenue mobilisation, now accounting for over 70% of total tax collections as the country reduces its historical dependence on oil.

List of Non-Oil Tax Revenue Sources

Company Income Tax (CIT): Tax on the profits of companies. It is the single largest non-oil revenue driver, contributing N1.660 trillion in Q2 2026 alone .
Value Added Tax (VAT): A consumption tax on goods and services, contributing N2.023 trillion in Q2 2026 .
Customs & Excise Duties: Taxes on imports and specific goods, generating N1.001 trillion in Q2 2026 .
Development Levy: A new unified 4% levy on company profits (replacing several older levies), projected to contribute N1.9 trillion in 2026 .
Electronic Money Transfer Levy (EMTL): A levy on electronic transactions .
Education Tax (TETFUND): A levy on companies to fund education .
Special Levies (Federation Account): Various statutory levies paid into the federation account .
Nigerian Police Trust Fund (NPTF) Levy: A specific levy for the police trust fund .
Minerals & Mining Revenue: Royalties and taxes from solid mineral extraction .
Independent Revenue: Internally generated revenue by government agencies .


For commodities exports like cocoa, cashew, sesame etc, the government collects export duties or customs and excise duties. The merchants get the money for their products. For example, if these duties are 19%, the merchants pay the government 19% and keep the rest as the value for their goods and services.

Gingerly:
Still exporting cocoa when others are converting their cocoa to final consumer products.

Anyway these dimwits have killed industrialization with high energy cost.

I didn't believe Buhari when he said we were going to miss him.
He probably knew that this one is a disaster.



This is the dumbest response I've seen this year

so you think say Na USA government de import the cocoa from Nigeria??...
if you think the ones the processing here in the country is not enough,, Yu or your family can try add to the number of persons processing cocoa in Nigeria so that the ones they exporting gonna reduce...
nor be everything government go do, take advantage of the availability of cocoa in the country and start processing Makin some finished products..

stop sounding like them no gree sell cocao give una make una no process

Honeydew3040:
Audio

First were is the money going if true,
Second why is the FG still borrowing,
Third, nigeria as a country is likely sold...

.

142 million dolalrs is 190 billion naira. Our budget for this year was 68 trillion naira. E no fit fund our budget as a nation...and that 68 trillion na scanty money self for a country our size.

That is why we borrow, and we will boorrow even if we fight corruption. The only thing we can do is reduce borrowing by taxing the majority of nigerians who do not pay tax, and by having our economy rely on exporting manufactured goods and services.

nairalanda1:
142 million dollars is not enough for any country.

You guys have the wrong idea of development. That's why when all of you get your new countries, should it happen, they would all be poor, broke, like Nigeria is now, because you think that selling resource and sharing money is the way to development.

All of you secessionists don't talk about how your new countries can become producers of cars, phones, televisions, computers, etc for export. You all want to be like Dubai , sharing oil money and building nice buildings...forgetting that resources are finite, and don't yield enough money

That's why I have a big problem with you nairaland members. Most of you are so focused on oil...that you don't want to focus on productivity. And that's why you never get good leaders...you get tinubu like leaders running your show.

Bra you are on your own oh, with this new achievement, Oduduwa is on the way to outshining Dubai and even Shanghai China....it was cocoa that was used to build the tallest building in west Africa in Ibadan Oyo state in the 60s, we are ready to shake the world with awa massive cocoa revenue with awa amiable Presido Bola Tinubu becoming Oduduwa life President, ah Oduduwa oni baaje oh



Wetin be crude oil abi phone production where cocoa farm de? Make u de play

Gingerly:
Still exporting cocoa when others are converting their cocoa to final consumer products.

It's being slowly done.

Anyway these dimwits have killed industrialization with high energy cost.

Not exactly. Even with low energy costs, when we had a host of cocoa industries, we weren't exporting much back then and now.

Nigeria is a resource dependent country, people prefer importing rather than exporting.

Plus a exporter of finished cocoa products should be able to make money that would pay for energy costs

Finally....Nigerians do not pay the type of tarrif that would enable their electricity sector to work well...which is why we have issues with energy costs.

I didn't believe Buhari when he said we were going to miss him.
He probably knew that this one is a disaster.

Were we exporting finished cocoa products under buhari? Or under any past leader? (Nope.).

Plus Buhari policies created the debt that forced, among other things, subsidy removal before schedule.

This is the dumbest response I've seen this year

LOL...you have seen why Nigeria is not an industrial nation. Nigerians hate manufacturing things...na to import and sell and dey do big boy.

franchasng:
Bra you are on your own oh, with this new achievement, Oduduwa is on the way to outshining Dubai and even Shanghai China....it was cocoa that was used to build the tallest building in west Africa in Ibadan Oyo state in the 60s, we are ready to shake the world with awa massive cocoa revenue with awa amiable Presido Bola Tinubu becoming Oduduwa life President, ah Oduduwa oni baaje oh



Wetin be crude oil abi phone production where cocoa farm de? Make u de play

142 MILLION dollars is not enough to beat dubai or shanghai.

Serious nations rely on using their raw materials to make products that the world can use.

You Nigerians...North, SOuth...you don't like manufacturing for export. That is why your country is wack. And any new country that comes from Nigeria would be wack. This is not an argument against secession, it's just stating facts.

You don't want a country that manufacturies things the world uses, you want to be like Dubai that if oil runs out tomorrow, it would return to being the broke ass nation it was back in the day.

Gingerly:
Still exporting cocoa when others are converting their cocoa to final consumer products.

Anyway these dimwits have killed industrialization with high energy cost.

I didn't believe Buhari when he said we were going to miss him.
He probably knew that this one is a disaster.



This is the dumbest response I've seen this year

The major problem I have seen in Nigeria is this: Nigerians always think that the development in other countries is done solely by the government. Even though governments create policies and enabling environments, it is the citizens who do the work—and their country takes the glory for it.

Take cocoa as an example. Individuals set up businesses in the US that use cocoa as raw material. They import cocoa from Nigeria into the US for their factories. They become rich, pay taxes, and the government earns from it too.

So, Nigerians should not expect the government to be the one to set up cocoa processing plants that will convert cocoa into chocolate. Nigerians—not the government—should set that up. Snatch all the cocoa, use it locally, convert it to chocolate, and export finished products to the world, earning a much more decent income for themselves and the country.

A good example is Dangote's refinery. He built it, built his own power, built his ports, produced refined products, and exported jet fuel to Europe—earning massively from it. Nigeria became a net exporter of petroleum products to Europe since April. That was not government. In fact, the government's four refineries were not able to do that in their lifetime of existence.

I wish Nigerians would get this.

Beautiful.

Now that's a positive, agriculture seems to be the way but we have leaders are fixated on oil.

anonimi:
Stolen as usual, just like the billions of dollars in subsidies removed, higher revenue targets in August as well as more loans than when PDP gave us:

- cheap petrol
- cheap dollars
- high employment
- high productivity
- high prosperity


to be the biggest African economy.

Otherwise, why are roads worse than the PDP years




https://www.youtube.com/watch?v=v_mAUX4wWC0?si=TH4LTxdg1B-mcxU9




https://www.youtube.com/watch?v=vaStIpnqjdU

Can you explain how it was stolen?

Propaganda full of bs
Lies lies lies
Naija and American politicians are almost dsame
Most are Aipac donors.
Most American politicians are bought
Same in Nigeria
All of them na scam
Democracy indeed!!

vibezNtrendz:
That's a great development!

This is parochial.

Why celebrate the export of raw cocoa when you know the finished products from cocoa will earn us fives what this has brought us.

Instead of us finding ways to process the cocoa into finished products and then sell.

Same with crude, infact same with almost every mineral resources we have.

It's a pity

Ghana did US$3.86 billion in 2025
Ivory Coast did $3.99 billion in 2025
Nigeria did $2.37 billion in 2025 - Exports to the United States alone surged by 554% to $142 million (Giant of Africa )

ghm:
The major problem I have seen in Nigeria is this: Nigerians always think that the development in other countries is done solely by the government. Even though governments create policies and enabling environments, it is the citizens who do the work—and their country takes the glory for it.

Take cocoa as an example. Individuals set up businesses in the US that use cocoa as raw material. They import cocoa from Nigeria into the US for their factories. They become rich, pay taxes, and the government earns from it too.

So, Nigerians should not expect the government to be the one to set up cocoa processing plants that will convert cocoa into chocolate. Nigerians—not the government—should set that up. Snatch all the cocoa, use it locally, convert it to chocolate, and export finished products to the world, earning a much more decent income for themselves and the country.

A good example is Dangote's refinery. He built it, built his own power, built his ports, produced refined products, and exported jet fuel to Europe—earning massively from it. Nigeria became a net exporter of petroleum products to Europe since April. That was not government. In fact, the government's four refineries were not able to do that in their lifetime of existence.

I wish Nigerians would get this.

This is putting the cart before the horse.

Has Nigerian government created the enabling environment for businesses to thrive?

Stop using Dangote refinery as an example abeg, if not for his stature as one of the richest men in the world he wouldn't have achieved it.

Again if there was an enabling environment why have almost all the major companies left Nigeria?

The government should be blamed first and majorly before passing any form of blame to the citizen

Is it Nigerians you want to give an enabling environment and you will not see wonders?

Just first give electricity 247 and see what will happen.

codedguy1:
This is putting the cart before the horse.

Has Nigerian government created the enabling environment for businesses to thrive?

Stop using Dangote refinery as an example abeg, if not for his stature as one of the richest men in the world he wouldn't have achieved it.

Again if there was an enabling environment why have almost all the major companies left Nigeria?

The government should be blamed first and majorly before passing any form of blame to the citizen

Is it Nigerians you want to give an enabling environment and you will not see wonders?

Just first give electricity 247 and see what will happen.

Humm, it depends from which side you are seeing it.

On electricity, for example:

Do you know that any time I see people talk about power as an excuse, I usually wonder—because I have seen this situation for over 40 years.

The first time I was going for internship in Lagos and walked through VI, I was surprised to see that all banks and businesses were using big soundproof generators. They didn't complain about power; they focused on their businesses and made everything needed available. Those banks have grown excellently since then.

The same with my barber—when NEPA goes out, he gets his generator. He has done excellently for himself and his family. So are supermarkets, so are many businesses—tailors, hairdressers, corner shops, restaurants, filling stations, etc., in the country.

I believe you get what I am saying. Fill the gap, please.

ghm:
Humm, it depends from which side you are seeing it.

On electricity, for example:

Do you know that any time I see people talk about power as an excuse, I usually wonder—because I have seen this situation for over 40 years.

The first time I was going for internship in Lagos and walked through VI, I was surprised to see that all banks and businesses were using big soundproof generators. They didn't complain about power; they focused on their businesses and made everything needed available. Those banks have grown excellently since then.

The same with my barber—when NEPA goes out, he gets his generator. He has done excellently for himself and his family. So are supermarkets, so are many businesses—tailors, hairdressers, corner shops, restaurants, filling stations, etc., in the country.

I believe you get what I am saying. Fill the gap, please.

Truth is everyone having generator is not an enabling environment regardless if people find a way to survive.

Do you know how many people that drop out of their business because of this fuel and gen matter or those that couldn't start because of those extra cost?

Maybe you think generating just less than 6000MW for a population of over 250million is ok because some people mange to get by.

Too many Nigerians are either deliberately ignorant or just anti-government to receive or acknowledge any good news about certain developments in the country. Starlink International Limited generated over $1BN in annual revenues as a result of the soaring cocoa prices in 2024. Sunbeth has raised over 100BN via commercial papers to build its cocoa and cashew processing factories in Ondo. In the same Ondo, JohnVents received $50m from the British Overseas Investments to expand its operations.

There are many more processing related investments due to the increase in cocoa prices. Lastly, the government aims to bar raw cocoa exports before the end of this decade. So, it won't be continuous raw exports as some opine.

ghm:
Humm, it depends from which side you are seeing it.

On electricity, for example:

Do you know that any time I see people talk about power as an excuse, I usually wonder—because I have seen this situation for over 40 years.

The first time I was going for internship in Lagos and walked through VI, I was surprised to see that all banks and businesses were using big soundproof generators. They didn't complain about power; they focused on their businesses and made everything needed available. Those banks have grown excellently since then.

The same with my barber—when NEPA goes out, he gets his generator. He has done excellently for himself and his family. So are supermarkets, so are many businesses—tailors, hairdressers, corner shops, restaurants, filling stations, etc., in the country.

I believe you get what I am saying. Fill the gap, please.

Regardless, constant electricity would lead to more businesses being created and higher revenues for existing businesses. This belief that because some businesses are "thriving" even without uninterrupted electricity doesn't mean it is a good thing going forward in the country's quest to industrialise.

Which developed or developing industrialised economy relies majorly on generators?

Gotocourt:
Good development, more wealth to farmers.

Exactly! Cocoa farmers are making a “kill”

franchasng:
Na so, Mr Victor writing from his hut in Ikire Ondo while Mr Vanquish owned by Mr Victor reads from his expansive mansion in Banana Island Ikoyi, Mr Victor ekaro oh, ema bi nu sah oh

Once e set, you will run and leave that mansion.
Na so una run during civil war.
Na so una use speed comot during Oso Abiola.
This time, you won't be allowed to escape.

ghm:
Humm, it depends from which side you are seeing it.

On electricity, for example:

Do you know that any time I see people talk about power as an excuse, I usually wonder—because I have seen this situation for over 40 years.

The first time I was going for internship in Lagos and walked through VI, I was surprised to see that all banks and businesses were using big soundproof generators. They didn't complain about power; they focused on their businesses and made everything needed available. Those banks have grown excellently since then.

The same with my barber—when NEPA goes out, he gets his generator. He has done excellently for himself and his family. So are supermarkets, so are many businesses—tailors, hairdressers, corner shops, restaurants, filling stations, etc., in the country.

I believe you get what I am saying. Fill the gap, please.

For a business to move, you need to be able to focus on the core of the business. providing your own electricity amounts to running your own support service. this means if you are a small business you have to take time and energy and money out to buy fuel, buy spare parts, service your generator troubleshoot your solar.

i largely do design and i mostly service my generator by myself and can be a nuisance. some nights the gen goes off and i am too tired to go and put it back on. using a generator has definitely used up cash that could have gone somewhere else, as well as energy and ingenuity

Hotfreeze:
Once e set, you will run and leave that mansion.
Na so una run during civil war.
Na so una use speed comot during Oso Abiola.
This time, you won't be allowed to escape.

until then Mr Victor the Vanquisher