Gov. Adeleke To Revamp Osun Cocoa Sector With Domestic Export Terminal, Multi-Pronged Approach

News in brief:
– Governor Adeleke has unveiled a plan to revive Osun State’s cocoa sector by building a domestic export terminal, infrastructure upgrades, and increased support for farmers.
– He also urged federal government involvement, proposing financial interventions and World Bank project funding, aiming to strengthen the country’s cocoa revival effort.

Osun State is stepping up efforts to revive its cocoa sector with a comprehensive plan that includes a domestic export terminal, infrastructure upgrades, and increased support for farmers.

Governor Ademola Adeleke unveiled the agenda at the International Cocoa Conference in Lagos, showcasing the state’s commitment to reclaiming its historical position as a leading cocoa producer.

Recognising the need for innovation in the sector, he emphasised the importance of stakeholder collaboration to design and implement an updated revival plan. He also outlined a multi-pronged approach focusing on various aspects of the cocoa value chain. These involves improving local infrastructure, providing financial access to farmers, maximising technology and research and ensuring farm protection.

Furthermore, the governor called for the revival of the state-owned cocoa processing industry at Ede and the creation of cottage cocoa factories across Osun. This focus on value chain development aims to maximise local benefits and create jobs beyond farming.

Additionally, he urged the federal government to play a more active role in the national cocoa revival effort. He proposed several measures like direct financial interventions for cocoa-producing states, support for establishing state marketing boards, and dedicated World Bank project funding.

Overall, the establishment of a domestic export terminal in Osun could mark a significant step towards streamlined access to international markets for local producers. This initiative, along with plans for opening new cocoa estates with young farmers, establishing nurseries, and rehabilitating old plantations, aims to boost production and revitalise the sector.