High prices for cocoa attract attention to the possibility of transforming Nigeria into one of the key players in this sector. This could help the country compete with major producers like Côte d'Ivoire and Ghana, where yields have been adversely affected by climate change and aging plantations.
Experts note that Nigeria has the potential to become a major cocoa producer, and this market perspective could help diversify the country's economy. High prices for cocoa contribute to increased investment interest in agriculture and raise the level of cocoa production in Nigeria.
"Nigeria has favorable conditions for cultivating cocoa, and increasing production could lead to an economic uplift in the country," experts note. However, to achieve this, attention must be given to modernizing agriculture, training farmers in contemporary farming methods, and addressing issues with aging plantations.
