Categories: Business

US announces $22m project to boost cocoa value chain in Nigeria

The United States Department of Agriculture’s Food for Progress programme has entered into a cooperative agreement with Lutheran World Relief to strengthen the cocoa value chain in Nigeria.  The project is worth approximately $22 million and will be implemented over the next five years.

According to a statement by the U.S. Mission Nigeria, Lutheran World Relief will carry out project activities in Abia, Cross River, Ekiti, Akwa Ibom, Ondo and Osun states – benefitting approximately 68,000 farmers. 

It said the project will target farmers in low productivity but highly promising areas, as well as farmers in high-density, high-productivity communities.

READ ALSO:

While noting that the primary objective of the Food for Progress project is to increase cocoa productivity by leveraging climate-smart agricultural measures, it said the project will support improved access to inputs, technical resources and capacity, post-harvest processing and export markets.

Counsellor for Agricultural Affairs, U.S. Mission Nigeria, Gerald Smith, explained that the project will employ an approach that enables farmers to not only produce more cocoa and preserve the land’s fertility and biodiversity, but also realize an important triple bottom line of people, profit, and the planet.

Daily Trust

Trends Admin

Recent Posts

NNPC Remits N1.804 Trillion to Federation Account in February

NNPC Remits N1.804 Trillion to Federation Account in February The Nigerian National Petroleum Company Limited…

11 hours ago

JUST IN: FG Publishes List of 48 Individuals, Groups Linked to Terrorism Financing in Nigeria

JUST IN: FG Publishes List of 48 Individuals, Groups Linked to Terrorism Financing in Nigeria…

11 hours ago

2027: Oyo APC Governorship Aspirant Saheed Oladele Resigns From Party

2027: Oyo APC Governorship Aspirant Saheed Oladele Resigns From Party A governorship aspirant under the…

12 hours ago

42-Year-Old Married Woman Declared Missing Found in Hotel with Man

42-Year-Old Married Woman Declared Missing Found in Hotel with Man A 42-year-old woman declared missing…

12 hours ago

ADC Threatens Civil Disobedience To Force INEC Chairman To Resign

ADC Threatens Civil Disobedience To Force INEC Chairman To Resign The African Democratic Congress (ADC)…

13 hours ago

World Bank Deletes Nigeria Development Update Report Days After Release

World Bank Deletes Nigeria Development Update Report Days After Release The World Bank has removed…

13 hours ago