The Cocoa Farmers Association of Nigeria (CFAN) has urged the Federal Government to create a development fund to increase cocoa production from 250,000 metric tonnes (MT) to 500,000 MT over the next five years.
CFAN highlighted challenges affecting the sector in a communiqué issued at the conclusion of the recent National Cocoa Summit, such as insufficient extension/other support services, a land tenure system that results in fragmentation of cocoa farms, small size farms, and low income.
Noncompliance with good agricultural practices, a lack of quality testing, certification, and traceability from farm gates, a lack of access to premium pricing, a lack of coordination of sectoral activities, high processing costs, and multiple taxation are also mentioned as challenges.
The communique stated that the establishment of a development fund, among other things, would address the challenges, particularly those affecting smallholder farmers https://guardian.ng/business-services/cocoa-farmers-seek-trust-fund-to-boost-production/
However, one of the requirements for accessing the funds is the submission of a standard business plan/proposal for cocoa.
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