84,000 lose jobs as 16 cocoa companies go under
• 5% of cocoa’s $140b comes to Africa despite 70% of global output • Nigeria loses $100b over inability to export major produce Over 84,000 Nigerians have lost their jobs in the cocoa value chain industry while about 16 companies have folded up in the last 10 years. The National President of the Cocoa Association
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Farmers, agro-industrialists, others demand simple procedures in agric financing
Farmers, industrialists and financial experts in the agro-allied industries have called on the Federal Government to simplify processes and requirements of accessing agricultural financial facilities. They hinged the call on the layers of hurdles that unsophisticated farmers are made to go through while applying for loans as individuals or cooperatives. Though the Central Bank of
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