Nuzo1:
Ol boy, this is by no means near a good news.

Serious countries left extractive industry centuries ago. Migrated to industrial production, then hitech production. But here we are still talking about selling raw cocoa for almost free.

You export a raw bag of cocoa at N20,000. White man refines it at the cost of N10,000. Sells the byproducts (cocoa drink, chocolate etc) at N200,000.

White man makes N170,000 profit from your N20,000 years of sweat.

Extractive production impoverishs a nation.

As a matter of urgency, we must learn to add value to our raw materials, be it gold, diamond, crude oil or cash crops like cocoa and cotton.

See, Nigerians are short sighted. They like quick money and the government also is not helping.

Nuzo1:
Ol boy, this is by no means near a good news.

Serious countries left extractive industry centuries ago. Migrated to industrial production, then hitech production. But here we are still talking about selling raw cocoa for almost free.

You export a raw bag of cocoa at N20,000. White man refines it at the cost of N10,000. Sells the byproducts (cocoa drink, chocolate etc) at N200,000.

White man makes N170,000 profit from your N20,000 years of sweat.

Extractive production impoverishs a nation.

As a matter of urgency, we must learn to add value to our raw materials, be it gold, diamond, crude oil or cash crops like cocoa and cotton.

imagine he processed this cocoa, what is our business with milo? Why can't we drink Nigerian milo?

Until we start producing finished goods with the cocoa seeds ourselves, then we still have a long way to go.

I have been to Ikom, Obubra and Obudu. They have and farm cocoa till date.

I hope they won't close Calabar Port on hearing this news.

so we should roll out drums and start dancing right? this is stupidity on the path of everybody involved, right from the government down to the farmers

Nuzo1:
Ol boy, this is by no means near a good news.

Serious countries left extractive industry centuries ago. Migrated to industrial production, then hitech production. But here we are still talking about selling raw cocoa for almost free.

You export a raw bag of cocoa at N20,000. White man refines it at the cost of N10,000. Sells the byproducts (cocoa drink, chocolate etc) at N200,000.

White man makes N170,000 profit from your N20,000 years of sweat.

Extractive production impoverishs a nation.

As a matter of urgency, we must learn to add value to our raw materials, be it gold, diamond, crude oil or cash crops like cocoa and cotton.

Shey you people are content with making quick bucks than putting in the work.

When the industries are not on ground yet, we have to first exploit the market for our current production.

With time, we can set up processing industries.

Although there's the problem of short-sighted government policies, lack of infrastructure, lack of honest human capital, and lack of standards. With Nafdac collecting kickbacks and bribes, it's almost impossible to enforce international food standards.

I hardly see any strong Economy lining up to offtake coca products produced in Nigeria with out current realities.

The business aspect may be far more challenging than you can see on the surface.

Meanwhile Ghana has vowed to stop exporting raw cocoa,

Nigeria is full of mumu scammers.

mmsen:
Meanwhile Ghana has vowed to stop exporting raw cocoa,

Nigeria is full of mumu scammers.

Nuzo1:
Ol boy, this is by no means near a good news.

Serious countries left extractive industry centuries ago. Migrated to industrial production, then hitech production. But here we are still talking about selling raw cocoa for almost free.

You export a raw bag of cocoa at N20,000. White man refines it at the cost of N10,000. Sells the byproducts (cocoa drink, chocolate etc) at N200,000.

White man makes N170,000 profit from your N20,000 years of sweat.

Extractive production impoverishs a nation.

As a matter of urgency, we must learn to add value to our raw materials, be it gold, diamond, crude oil or cash crops like cocoa and cotton.

laiperi:
The President of Ghana recently gave the Swiss a lecture on that.

Nigeria has been PROCESSING cocoa beans (into semi-finished ‘cake’ and finished products) since the Babangida regime...
Nonetheless, they are still always going to be foreign importers only interested in buying raw cocoa beans for any number of reasons.
>

omonla555:


How?

Howard

Judybash93:
When you export raw materials, you export employment but when you import finished goods, you import unemployment. I know there's more to it but to a large extent, it is what it is

Sirjamo:
If this raw material can be processed in Nigeria, it would create thousands of jobs and put money in people's pockets.

shegsrules:
Why can't we set up factories to refine such products and the excess we export including our own refined products. But no way, FGN policies and tax go cripple the whole factories

SmartyPants:
At the macro level its not great but lets learn to walk before we try to run. The urgent need in the economy is diversification. From there we can jump to refinement.

TechSkill:
See, Nigerians are short sighted. They like quick money and the government also is not helping.

jesmond3945:
imagine he processed this cocoa, what is our business with milo? Why can't we drink Nigerian milo?

ddeola:
Until we start producing finished goods with the cocoa seeds ourselves, then we still have a long way to go.

damoceile:
so we should roll out drums and start dancing right? this is stupidity on the path of everybody involved, right from the government down to the farmers

Jaqenhghar:
Shey you people are content with making quick bucks than putting in the work.

Nigerians should endeavor to learn more about their own country (or perhaps it’s just Nairalanders )...
As I noted in the comment above, cocoa PROCESSING in Nigeria is a relatively “mature” industry pre-dating most of us.

At the very least, relatively large-scale cocoa PROCESSING in Nigeria goes back over 30 years to the Babangida era...
Nigerian PROCESSORS (such as FTN, Stanmark, Muliti-Trex, etc.) produce chocolate, cocoa butter, cocoa cake, and cocoa powder.

PS: Nonetheless, there’s still going to be foreign importers only interested in raw cocoa beans for a variety of reasons.
>

omonla555:


How?

You jumped into the Trap eyes wide open!

How bad yorubas play politics. The want only Lagos port to be active and give flimsy excuses why other ports shouldn't be used. A country like Nigeria should never have or rely on only one sea port.

martineverest:
how many Nigerians eat chocolate compared to the western countries?....it's better being exported as people of western countries prefer their own brand of chocolate.. especially Swiss,Belgian or Italian chocolate

How do you know that they prefer their own chocolate? Do they options? Are there Nigerian Chocolate in their country?

Very simple, if we start producing good quality chocolate, they will also buy our products. It is as simple as that.

AbujaCitiBlog:
How do you know that they prefer their own chocolate? Do they options? Are there Nigerian Chocolate in their country?

Very simple, if we start producing good quality chocolate, they will also buy our products. It is as simple as that.

Even if they buy Nigerian chocolate...
They will still produce theirs, and thus will always need cocoa beans.
>

TheFalcons:
When the industries are not on ground yet, we have to first exploit the market for our current production.

With time, we can set up processing industries.

Although there's the problem of short-sighted government policies, lack of infrastructure, lack of honest human capital, and lack of standards. With Nafdac collecting kickbacks and bribes, it's almost impossible to enforce international food standards.

I hardly see any strong Economy lining up to offtake coca products produced in Nigeria with out current realities.

The business aspect may be far more challenging than you can see on the surface.

We already have many of them...
Nigeria has had cocoa processors for almost 40 years (ie, before most of us were born).
>

9jaRealist:


Even if they buy Nigerian chocolate...
They will still produce theirs, and thus will always need cocoa beans.
>

That's their cup of tea, I say we take over the production of chocolate worldwide!

AbujaCitiBlog:

That's their cup of tea, I say we take over the production of chocolate worldwide!

Point is, we can do BOTH. It’s not one or the other...
>

dabeto:

Correct! Ayade has set up a chocolate plant to process the cocoa beans. I am surprised this quantity of coacoa was available for export. The state needs more processing plants.

l
Oga which Ayade, or is it the one he has been building for like 3 Years or the block work that may never see the light of day. you give him so much credit.

plaindealer:
Some young Nigerian entrepreneurs are processing and turning cocoa into profitable chocolate treats.

Exactly! And it’s not just young entrepreneurs...
Processors in Nigeria (including FTN, Stanmark, Multi-Trex, and others) have been doing it since the 80s (before many of us were born).
>

Nuzo1:
Ol boy, this is by no means near a good news.

Serious countries left extractive industry centuries ago. Migrated to industrial production, then hitech production. But here we are still talking about selling raw cocoa for almost free.

You export a raw bag of cocoa at N20,000. White man refines it at the cost of N10,000. Sells the byproducts (cocoa drink, chocolate etc) at N200,000.

White man makes N170,000 profit from your N20,000 years of sweat.

Extractive production impoverishs a nation.

As a matter of urgency, we must learn to add value to our raw materials, be it gold, diamond, crude oil or cash crops like cocoa and cotton.

people wey smart like u no many

Nuzo1:
Ol boy, this is by no means near a good news.

Serious countries left extractive industry centuries ago. Migrated to industrial production, then hitech production. But here we are still talking about selling raw cocoa for almost free.

You export a raw bag of cocoa at N20,000. White man refines it at the cost of N10,000. Sells the byproducts (cocoa drink, chocolate etc) at N200,000.

White man makes N170,000 profit from your N20,000 years of sweat.

Extractive production impoverishs a nation.

As a matter of urgency, we must learn to add value to our raw materials, be it gold, diamond, crude oil or cash crops like cocoa and cotton.

Wisdom.

AbujaCitiBlog:

How do you know that they prefer their own chocolate? Do they options? Are there Nigerian Chocolate in their country?

Very simple, if we start producing good quality chocolate, they will also buy our products. It is as simple as that.

it doesn't work that way

Nuzo1:
Ol boy, this is by no means near a good news.

Serious countries left extractive industry centuries ago. Migrated to industrial production, then hitech production. But here we are still talking about selling raw cocoa for almost free.

You export a raw bag of cocoa at N20,000. White man refines it at the cost of N10,000. Sells the byproducts (cocoa drink, chocolate etc) at N200,000.

White man makes N170,000 profit from your N20,000 years of sweat.

Extractive production impoverishs a nation.

As a matter of urgency, we must learn to add value to our raw materials, be it gold, diamond, crude oil or cash crops like cocoa and cotton.

Human beings must always find something to complain about, seeking for the negative in everything.

Nuzo1:
Ol boy, this is by no means near a good news.

Serious countries left extractive industry centuries ago. Migrated to industrial production, then hitech production. But here we are still talking about selling raw cocoa for almost free.

You export a raw bag of cocoa at N20,000. White man refines it at the cost of N10,000. Sells the byproducts (cocoa drink, chocolate etc) at N200,000.

White man makes N170,000 profit from your N20,000 years of sweat.

Extractive production impoverishs a nation.

As a matter of urgency, we must learn to add value to our raw materials, be it gold, diamond, crude oil or cash crops like cocoa and cotton.

What have you contributed toward achieving such?

iLiquidator:
What have you contributed toward achieving such?

Talk is very cheap I tell you. People come online and castigate everything, ask them in what way they are adding value day to day, no response.

TheFalcons:
When the industries are not on ground yet, we have to first exploit the market for our current production.

With time, we can set up processing industries.

Although there's the problem of short-sighted government policies, lack of infrastructure, lack of honest human capital, and lack of standards. With Nafdac collecting kickbacks and bribes, it's almost impossible to enforce international food standards.

I hardly see any strong Economy lining up to offtake coca products produced in Nigeria with out current realities.

The business aspect may be far more challenging than you can see on the surface.

there's a problem of if you are not from northern Nigeria you will not get govt support and loans...

thundafire:
How bad yorubas play politics. The want only Lagos port to be active and give flimsy excuses why other ports shouldn't be used. A country like Nigeria should never have or rely on only one sea port.

What a very stupid post!delete this pls

9jaRealist:


Point is, we can do BOTH. It’s not one or the other...
>

Great, still.

Nuzo1:
Ol boy, this is by no means near a good news.

Serious countries left extractive industry centuries ago. Migrated to industrial production, then hitech production. But here we are still talking about selling raw cocoa for almost free.

You export a raw bag of cocoa at N20,000. White man refines it at the cost of N10,000. Sells the byproducts (cocoa drink, chocolate etc) at N200,000.

White man makes N170,000 profit from your N20,000 years of sweat.

Extractive production impoverishs a nation.

As a matter of urgency, we must learn to add value to our raw materials, be it gold, diamond, crude oil or cash crops like cocoa and cotton.

am not countering ur assertions but can you proof it beyond reasonable doubt?

Tannhauser:


The whites have been ripping Africa and Africans off for centuries and they are still doing it, with the connivance of worthles African leaders which they put in place.

How on earth do countries who don't have gold, cocoa, coffee etc. determine the prices at which those things should sold?

Nobody is ripping Africa off!
Stupidity, shortsightedness and ignorance is.

Most Africans are ignorant. Even those in position of power.

I think the identity of this exported should be hidden from the public for now, at least until this Fulani government leaves. Because as it stands, the location of his farm may be locked on and MACBAN will send herders to his farm to do the usual.

Or alternatively, the military arm of MACBAN (Bandits aka Boko Haram) may decide to kidnap him for ransom (if they won't even murder him) while the political arm of MACBAN (Buhari government) directs its security forces to look away.