The Federal Government has committed to boosting the country’s cocoa sector and aligning with the European Union Deforestation Regulation (EUDR). This commitment was highlighted at the Nigeria-EU Cocoa Roundtable, where a presidential aide noted cocoa’s strategic importance for economic diversification and its contribution to non-oil exports. With cocoa exports surging, the government aims to increase production to 500,000 tonnes by 2025. The Minister of Trade and Investment emphasized that complying with the EUDR, which requires deforestation-free supply chains, is crucial for Nigeria to maintain its position as a major cocoa exporter to the EU, thereby boosting foreign exchange and creating jobs.

Source: Nature News