Bola Tinubu, has passed a bill to create the National Cocoa Management Board

Started by bosman, 2025-05-13 19:09

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The Federal Executive Council, led by President Bola Tinubu, has passed a bill to create the National Cocoa Management Board (NCMB). 
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This board will oversee Nigeria's cocoa industry with the goal of improving farmers' livelihoods, fostering economic growth, and enhancing Nigeria's competitiveness in the global cocoa market alongside Ghana and Côte d'Ivoire. The NCMB will: - Regulate cocoa production and enforce market guidelines - Offer low-interest loans to farmers - Revitalize plantations and promote youth participation - Encourage domestic cocoa consumption and boost foreign exchange earnings In 2023, Nigeria's cocoa exports were valued at ₦356.16 billion.
 The bill will be forwarded to the National Assembly for further approval. Personal Note: If we, as southerners, are not benefiting from President Tinubu's tangible investments, along with his industrial, agricultural, and commercial revitalization efforts aimed at the liberation and advancement of Yorubaland, then we deserve no explanations.
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