05
May
May
FG APPROVES DRAFT BILL FOR NATIONAL COCOA MANAGEMENT BOARD
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CapitalTimesNews / 4 weeks
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- 1 min read
The Federal Government has approved a draft bill for the establishment of the National Cocoa Management Board (NCMB) to revitalize and regulate Nigeria’s cocoa sub-sector for enhanced economic development. Minister of Agriculture and Food Security, Abubakar Kyari, disclosed this after the Federal Executive Council (FEC) meeting. According to Kyari, the move is part of President Tinubu’s strategic plan to reposition Nigeria as a global cocoa powerhouse and ensure greater prosperity for local cocoa farmers. “The NCMB will be responsible for regulating all aspects of cocoa production and marketing,” Kyari said. The Minister’s disclosure highlights the government’s commitment to boosting the country’s cocoa industry and improving the livelihoods of cocoa farmers. With the establishment of the NCMB, the government aims to enhance the productivity and competitiveness of Nigeria’s cocoa sector, ultimately contributing to the country’s economic growth and development.
