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Good News! Nigeria’s Cocoa Export Rises By 20% In One Year
<p><img class="aligncenter size-full wp-image-428213" src="" alt="" width="660" height="350" /></p>
<p><strong>OVER 300,000 tonnes of cocoa was exported from Nigeria last year, Executive Director, the Partnership in the Niger Delta, (PIND), Dr. Dara Akala, has said.</strong></p>
<p>Akala spoke in Akure, Ondo Stste capital, during the Cocoa Value Chain Study Validation Workshop. “2017 saw an increase in the quantity of cocoa exported from Nigeria rising from about 250,000 tonnes exported in 2016 to more than 300,000 tonnes in 2017”, he said. “The increase was triggered by the devaluation of the Naira in 2016 by the Nigerian government in a bid to wade off recession. “While the devaluation of the Naira and subsequent increase in tariffs or outright ban of certain imported goods led to a 30% loss in the value of Nigeria’s currency in comparison
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