Group blames taxes, under-funding for cocoa sector decline

Poor funding of seedlings and an increasingly harsh business environment marked by over taxation have undermined the cocoa processing industry, according to the Cocoa Association of Nigeria.

In an interview with The PUNCH, CAN President Mufutau Abolarinwa noted that the high cost of production in the country diminished the number of cocoa processing companies and called for government support.

Recently, the Federal Government emphasised cocoa processing, especially chocolate production. Abolarinwa, who named only a handful..…READ ORIGINAL & FULL CONTENT HERE

𝙍𝙚𝙖𝙙 𝙩𝙝𝙚 𝙇𝙖𝙩𝙚𝙨𝙩 𝙎𝙥𝙤𝙧𝙩 𝙏𝙧𝙚𝙣𝙙𝙨 𝙖𝙣𝙙 𝙂𝙚𝙩 𝙁𝙧𝙚𝙨𝙝 𝙪𝙥𝙙𝙖𝙩𝙚𝙨 𝙖𝙨 𝙩𝙝𝙚𝙮 𝙙𝙧𝙤𝙥 𝙫𝙞𝙖 [𝙏𝙬𝙞𝙩𝙩𝙚𝙧] 𝙓 𝙖𝙣𝙙 𝙁𝙖𝙘𝙚𝙗𝙤𝙤𝙠

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