Johnvents targets 45,000 tonnes in Nigerian cocoa
By the AFREEQUE newsroom, based on Dailytrust
Johnvents wants to revive the Premium Cocoa Products factory in Ile-Oluji, in Nigeria’s Ondo State, with a target capacity of 45,000 metric tonnes. Taken over in February 2023, the facility, founded in 1980, is intended to boost local cocoa processing and value-added exports, reports Daily Trust.
Johnvents is seeking to raise Nigeria’s processed cocoa output to 45,000 tonnes by reviving the Premium Cocoa Products Ile-Oluji Limited factory. The group also wants to expand the country’s processing capacity, reports Daily Trust.
The strategy aims to reduce the country’s reliance on exporting raw beans and develop local processing, which can generate export revenue, jobs and industrial activity. Cocoa once helped drive prosperity in Nigeria’s former Western Region, according to Daily Trust.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
