Cocoa Cultivation and Sales in Nigeria; How To Write Business Plans in Nigeria

Published - 13 Apr 2021| Analyst - Foraminifera Market Research Limited| Code - fora/2021/cclutcioao/2108

Select Report Format

Subtotal 454,545

Cocoa ( Theobroma cacao L. ) is a native of Amazon region of South America. The bulk of it is produced in the tropical areas of the African continent. There are over 20 species in the genus but the cocoa tree Theobroma cacao is the only one cultivated widely.

Cocoa is the second major non-oil foreign exchange earner in Nigeria after leather. It is produced in fourteen {14} states of the federation namely Ondo,Cross River, Oyo, Osun, Ekiti, Ogun, Edo, Kogi, Akwa Ibom, Delta, Abia, Kwara, Ebonyi and Rivers with an annual production rate of 225,000 metric tons {MT}.

Over 98% of the product is exported and it’s provides means of livelihood and employment to over five million {5,000,000} people.

The new crop varieties supplied by government produce 1 1/2 tons of cocoa per hectare 2.47 acres each season compared with the older types which yield 1/2 ton. The seedlings are early-maturing, high-yielding, disease-resistant beans that mature in about 18 months to farmers to replace the traditional crop with four to five years maturity.

The uses of cocoa are many. These include among others cocoa butter, cake and liquor. Cocoa products are used for beverage production and cosmetics, while its bye-products can also be used as organic fertilizer and feed for ruminant animals. So far, from cocoa pod, only the cocoa beans are economically used.

The cocoa husk and cocoa sweetens have been proved to be capable of a number of industrial processes, such as the use of the husk in livestock feed and soap making, and that of sweeteners in manufacturing of jellies, jams, food ingredients, wines, sugary solution, etc.

Factors to consider before cultivating cocoa in Nigeria includes land, choice of variety, time of planting, seed rate, seed dressing, spacing and other agricultural practice.

The new crop varieties supplied by government produce 1 1/2 tons of cocoa per hectare 2.47 acres each season compared with the older types which yield 1/2 ton. The seedlings are early-maturing, high-yielding, disease-resistant beans that mature in about 18 months to farmers to replace the traditional crop with four to five years maturity.

From the above, it is clear that a large and sustainable exist for cocoa cultivation and production in Nigeria for both local and export market.

Custom Research Request

Still haven't found what you're looking for?
Speak to our Custom Research Team.

Table of Contents

The new crop varieties supplied by government produce 1 1/2 tons of cocoa per hectare 2.47 acres each season compared with the older types which yield 1/2 ton. The seedlings are early-maturing, high-yielding, disease-resistant beans that mature in about 18 months to farmers to replace the traditional crop with four to five years maturity. From the above, it is clear that a large and sustainable exist for cocoa cultivation and production in Nigeria for both local and export market.

Project Specification:

Plant Capacity: 3565
Capacity Utilization: 577
Loan Tenor: 2
Interest Rate: 1
Moratorium: 34 hhgh jh

Additional Info

Report Type:   feasibility report
Formats of Delivery:   ms-word & excel
No. of Pages:   15
Report Code:   fora/2021/cclutcioao/2108
Publisher:   Foraminifera Market Research Limited
Price:   ₦454,545
Release Date:   13 Apr 2021 Updated quarterly
Language:   English
Delivery time:   Within twenty-four (24) hours

Get this Report

Direct bank transfer

To order the report, Please do pay the sum of ₦454,545 into

Bank Name : Eco Bank Plc
Account Name : Foraminifera Market Research Ltd
Account Number : 274 20 569 37
Bank Name : United Bank for Africa (UBA)
Account Name : Foraminifera Market Research Ltd
Account Number : 101 76 603 95
Bank Name : Guaranty Trust Bank Plc (GTB)
Account Name : Foraminifera Ventures
Account Number : 011 66 066 32

Make your payment directly into our bank account. Please use your Order ID as the payment reference. Your order will not be shipped until the funds have cleared in our account.

Instructions

After payment call us on 01 -29 52 413 / 08033782777 or email us at foraminiferamarketresearch@yahoo.com with the payment details. After payment confirmation, the soft copy of the report would be sent to you within 24 hours.