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The Federal Government of Nigeria has inaugurated the National Cocoa Management Committee (NCMC) to tackle some of the challenges in the cocoa sector.
Speaking on Tuesday at the inauguration of the 11-man Committee on National Cocoa Management in Abuja, the Minister of Agriculture and Rural Development, Dr Mohammad Abubakar, said the committee was to develop strategies to solve these challenges.
In his words, “Some of the challenges being encountered in the cocoa sector include pest and diseases, logistics such as rural roads and infrastructure.
“Also, old cocoa plantations, ageing of our cocoa farmers, processing, access to finance, environmental concerns such as deforestation, climate change and absence of a national coordinating body.”
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The minister said the event was the culmination of enormous collective efforts including a recent visit by the officials of the ministry to Ghana to study the implementation of Living Income Differential (LID).
“Ghana and Cote d’Ivoire introduced the Living Income Differential (LID) as a premium on their cocoa and as a tool to complement their prices of cocoa in the international market.
“The purpose of this is to increase the share benefits received by cocoa farmers in these countries,” Abubakar said.
(NAN)
