Nigeria, Cameroon, Côte d’Ivoire, Ghana join forces to boost
Nigeria, Cameroon, Côte d’Ivoire, and Ghana are forming a 'Cocoa Value Addition Alliance' to move away from exporting raw beans and toward local processing. The nations plan to sign the Abuja Declaration to standardize trade and increase their collective bargaining power in global markets.
Why it matters
This alliance represents a major shift in the global agricultural supply chain, aiming to keep more economic value within West African nations.
From Okwe Obi , Abuja Nigeria , Cameroon, Côte d’Ivoire, and Ghana have announced plans to join forces to boost Cocoa production. Minister of State for Industry Trade and Investment, John Owan Enoh, in a statement yesterday, by his Special Assistant on Media, Odenke Ibiang, also disclosed that Nigeria would sign a national compact on processing what it grows. Enoh noted that the countries that grow most of the world’s cocoa will gather in Abuja next week to declare that the century of exporting raw beans is over.
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