The House of Representatives on Tuesday called on Federal Government to develop a National Cocoa Policy to reposition the country as the largest producer in Africa.
The resolution was passed sequel to the adoption of a motion on the ‘Need to review the Cocoa production policy of the country’ sponsored by Hon. Admin Aliu Kuye.
In his lead debate, Hon. Kuye who called for a paradigm shift observed that Nigeria was once a major player in cocoa production, being the second-largest producer in the world with 450,000 tons, and the country’s top foreign exchange earner in the 1950s and 1960s before the discovery of crude oil in commercial quantity in the 1970s.
“The House also notes that the Nigerian Cocoa Market crashed in the 1990s as production fell to 170,000 tons and was impacted by the Structural Adjustment Policies of the late 1980s that included the dissolution of the Cocoa Marketing Board to liberalize cocoa marketing trade and allow improved cocoa output and pricing.
“The House further notes that the National Cocoa Development Committee, Established in December 1999 by the Obasanjo Administration, was tasked to improve cocoa quality and increase production from 170,000 tons to 300,000 tons and 600,000 tons per annum in the short and long term respectively.
ALSO READ FROM NIGERIAN TRIBUNE
“The House is concerned that the unregulated and liberalized Cocoa Industry is depriving Cocoa Farmers of yearly revenues as they are unable to collect the Living Income Differential (LID) of US $400 per tonne paid to Cocoa Farmers in other countries like Ghana and Cote d’Ivoire, apart from the cocoa floor prices that are paid by world cocoa buyers.
“The House is also concerned that despite the availability of arable land and climate to sustain Cocoa production in Nigeria, the country has fallen down the line in the pecking order in Africa and the world respectively.
“The House is worried that over N100 billion revenue is lost annually due to the Federal Government’s non-commitment to find sustainable, executable solutions to problems bedevilling the Cocoa Industry.
“The House is also worried that despite the cyclical ambivalence of oil, the country’s major foreign exchange earner, the Federal Government has been unable to look into cocoa which is a potential growth sector that could serve as a buffer during periods of oil-induced recessions,” he noted.
To this end, the House mandated its Committee on Agricultural Production and Services to liaise with the Federal Ministry of Agriculture and Rural Development to review all existing Cocoa/Commodity Laws and develop a National Cocoa Policy
to reposition the country as the largest producer in Africa and its recognizable position in the world and report back within four weeks for further legislative action.
The Joint Admissions and Matriculation Board (JAMB) has engaged a number of experts to look…
Chairman of CSS Group of Companies, Professor John Kennedy Okpara, has argued that the country…
The Economic and Financial Crimes Commission (EFCC) has declared that former militant leader, Oweizidei Ekpemupolo,…
Major stakeholders have lauded the Cross River government's innovative partnership between its Teachers Continuous Training…
"Under his stewardship, Nigeria is witnessing a paradigm shift: a nation transitioning from potential to…
Former Chief of Army Staff Lt. Gen. Tukur Yusufu Buratai (rtd), weekend, made a strong…
This website uses cookies.