Peter Aikpokpodion PhD Team Leader Cocoa Value Chain Development FMARD ABUJA THE NIGER DELTA Investment opportunities in the Cocoa V alue Chain Introduction 4 th largest producer Largest nonoil foreign exchange earning commodity US 75864 in 2013 Source NEPC ID: 766510
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Peter Aikpokpodion, Ph.DTeam Leader, Cocoa Value Chain Development, FMARD ABUJA THE NIGER DELTA: Investment opportunities in the Cocoa V alue Chain
Introduction 4th largest producer Largest non-oil foreign exchange earning commodity (US$ 758.64 in 2013) Source: NEPC Source of income and livelihood
Returns on Investment Portfolio of Some Chocolate Companies vs. Producing Countries
Regional Competitiveness Niger Delta* South-WestLand suitable for Cocoa1.647 M HA934,000 HA % National (3.0 M HA) 54.3 30.1 Capacity Utilization (%) 8.8 (0.05 – 16.0) 53.6 (22 – 92) Production volume (‘000 MT) 92.0 220.0 % National output28.668.4Youth engagementHighLowCocoa Industry descriptionThrivingTwilight * Niger Delta minus Ondo, Abia and Imo for regional comparative purpose only
Regional Utilization of Land Resources for Cocoa StateCocoa land(‘000 HA)% National% Utilization Niger Delta (8.8 %) Cross River 775 25.1 16 Edo 485 15.7 12 Akwa Ibom270.97Delta360 11.60.04South-West (53.6 %) Ondo 326 10.5 46 Osun 161 5.2 66 Ekiti 66 2.1 92 Ogun 192 6.2 42 Oyo 189 6.1 22
Share of Value Chain Actors in the Market Value of a Chocolate Bar (2012) Investment opportunities in the Value Chain
Investment opportunitiesLarge scale commercial plantationsCrop Diversification (Cocoa-based agrosystems for food crops + other fruit trees)Value addition – All cocoa beans produced are taken out to Southwest NigeriaVertically integrated cocoa value chain businessHigh youth populationGovernment policy to support private sector investment
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