Nigeria exported about $2.4 billion (₦3.8 trillion) worth of raw cocoa beans in 2024.
If the same cocoa were processed locally into cocoa butter, powder, liquor, and finished chocolate before export, the industry could be worth $15–25 billion (₦24–40 trillion) annually, about 6–10 times its current export value.
Cocoa Industry:
2: President @officialABAT says Nigeria would no longer export raw cocoa beans
3: @BOINigeria has secured £60 million credit from the European Investment Bank.
4: West Africa countries are coming together to reform the Cocoa Sector to create WEALTH for our farmers.
Our MD/CEO, Dr @olasupoolusi delivered the keynote address at the Cocoa Value Addition Summit, highlighting the Bank’s commitment to financing investments that expand processing capacity, strengthen local manufacturing and unlock greater value across the cocoa value chain.
The Summit brought together the Minister of Agriculture and Food Security; Senator Abubakar Kyari, CON representing the President; the Federal Minister of Industry, Trade and Investment, Dr @joduwole ; the Honourable Minister of State for Industry, Senator @OwanEnoh and other key stakeholders to advance Nigeria’s industrialisation agenda through cocoa value addition.
At BOI, we’re financing value creation that drives sustainable economic growth.
#BOI #CocoaValueAdditionSummit #FromBeanToBrand #Industrialisation #ValueAddition #Agriculture
Nigeria's cocoa industry has the potential to create far greater value than exporting raw beans alone. At the Cocoa Value Addition Summit, I shared the Bank of Industry's commitment to financing the investments that will expand processing capacity, strengthen local manufacturing and position Nigerian cocoa for greater competitiveness in regional and global markets.
The Summit brought together the Minister of Agriculture and Food Security, Senator Abubakar Kyari, CON, representing the President; the Federal Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole; the Honourable Minister of State for Industry, Senator John Owan Enoh; and other distinguished stakeholders committed to advancing Nigeria's cocoa value chain.
#CocoaValueAdditionSummit #FromBeanToBrand #BankOfIndustry #Industrialisation #ValueAddition
@woye1@officialABAT@BOINigeria How I one position myself make some wealth for myself for this new Cocoa industry/ reformed Cocoa sector na wetin me dey after be that now oh ajeh!!!
CARDOSO TAKES A BOW ON THE WORLD STAGE AS CENTRAL BANK GOVERNOR OF THE YEAR held in London onnthe 10th of June 2026
Nigeria is moving towards becoming a model of Turnaround Economic Administration, Good Governance, and National Transformation.
Nigeria will overcome.
Floods don't just fall from the sky. 🌧️
Every flood you've ever seen has rainfall in it but rain is rarely the real story.
Behind most flooding is a longer trail: poor planning, unchecked development, blocked drains, and land pushed beyond what it was built to handle...
Amongst many other achievements, here are compelling reasons and verifiable facts why President @officialABAT deserves re-election:
1. He ended the wasteful petrol subsidy regime and redirected national resources to productive development.
2. He unified and liberalised the foreign exchange market, restoring transparency and investor confidence.
3. He established Nigeria's first nationwide Consumer Credit Scheme to expand financial inclusion.
4. He launched NELFUND, opening access to higher education for millions of Nigerian students.
5. He enacted the Student Loans Act, removing financial barriers to tertiary education.
6. He delivered far-reaching tax reforms to modernise Nigeria's fiscal architecture.
7. He increased Nigeria's foreign reserves from about US$35 billion when he assumed office to approximately US$51 billion as of June, 2026.
8. He expanded non-oil revenue and revived crude oil production through bold economic reforms.
9. He flagged off the transformative Lagos Calabar Coastal Highway to open doors for tourism and massive investment across the corridor.
10. He commenced the strategic Sokoto Badagry Super Highway to unlock national economic integration.
11. He accelerated the rehabilitation and construction of critical federal road infrastructure nationwide.
12. He enforced financial autonomy for local governments, despite strong resistance from state governors, thereby deepening grassroots governance through the Supreme Court Judgment.
13. He strengthened international security cooperation with the United States and foreign partners, intensifying the fight against terrorism, leading to the elimination of Abu-Bilal al-Minuki, the number two leader of the notorious ISIS terrorist organisation.
14. He established the Forest Guards initiative to confront banditry and secure vulnerable communities at the sub-national level.
15. He launched the Renewed Hope Housing Programme across Nigeria's six geopolitical zones.
16. He approved a new national minimum wage to improve workers' welfare.
17. He implemented Electricity Act reforms, empowering states to drive power generation and economic growth.
18. He revitalised agriculture through mechanisation, financing and food security initiatives.
19. He increased allocations to states and local governments following subsidy removal. (Hold your Governors accountable for how they spend the humongous amount).
20. Through his audacious economic reforms, he drove Nigeria's stock market to historic highs, making it one of the world's top-performing exchanges as of today.
21. He revolutionised immigration services with contactless passport renewal and faster passport issuance via the amazing job of @BTOofficial
22. He delivered decisive education reforms that ended the disruptive ASUU strikes and restored stability to the tertiary academic calendar.
23. He championed constitutional reforms to advance state policing, laying the foundation for a more responsive, decentralised and community-driven security architecture.
24. He appointed @GovWike as Minister of the FCT, where his bold leadership and unprecedented infrastructure renewal have transformed Abuja into one of Africa's fastest developing capital cities.
The above is a compelling record of bold leadership and transformational governance. It reflects a President who has chosen difficult reforms over political convenience, decisive action over rhetoric, and measurable results over empty promises.