Nigeria Signs International Cocoa Agreement to Develop, Promote Sector

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From: Bamidele Fashube, Abuja

The Federal Government of Nigeria has signed the instrument of Accession to the International Cocoa Agreement of 2010.

President Muhammadu Buhari’s approval to the international pact, according to an official Press Release from the State House, Tuesday,  will enable Nigeria to, “faithfully abide by all the stipulations therein contained” in the agreeement.

The statement reads: “Among other benefits, the agreement is expected to strengthen cooperation between exporting and importing member countries; improve their cocoa economies through active and better focused project development and strategies for capacity-building.

“The 2010 Agreement is also expected to build on the successes of the 2001 Agreement by implementing measures leading to an increase in the income of cocoa farmers and by supporting cocoa producers in improving the functioning of their cocoa economies.

“It will also deliver cocoa of better quality, take effective account of food-safety issues and help establish social, economic and environmental sustainability, so that farmers are rewarded for producing cocoa that meets ethical and environmental considerations.”

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