The Federal Government is eyeing 500,000 tonnes of cocoa production before the end of 2024, in a move geared toward reviving the country’s dwindling economy.
In a statement obtained by TechEconomy, Mohammad Abubakar, Minister of Agriculture and Rural Development said the government is committed to increasing production from the present 340,000 tonnes to 500,000 tonnes through Living Income Differential (LID) policy.
LID policy is an export system that applies a premium of $400 per ton on the export price of cocoa aside from the floor price or direct amount…
Source: techeconomy.ng
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