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.

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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

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