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Tuesday, 19 April 2016

Nigerian State Partners Chinese Firm On Cocoa Production

The southwest Nigeria's state of Osun on Thursday said it has partner a Chinese firm to transform the state into hub of cocoa production. State governor Rauf Aregbesola made the remarks in Ede town during a facility tour of the resuscitated Cocoa Production Industry in partnership with Chinese Company, Golden Monkey of China. He said the state would soon become the hub of cocoa production in Nigeria with the revival of the moribund Osun Cocoa Production Industry. The partnership between Osun Government and the Chinese Company to revive the cocoa production after 15 years is based on 70 and 30 percent equity respectively. Aregbesola said the present production capacity of 20,000 metric tonnes per day was a good development when compared to its 5,000 metric tonnes capacity per day in 2001, after which it was abandoned.

Source: allafrica.com