{"id":21799,"date":"2025-01-30T13:34:12","date_gmt":"2025-01-30T13:34:12","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=21799"},"modified":"2025-01-30T13:34:13","modified_gmt":"2025-01-30T13:34:13","slug":"oyo-state-in-nigeria-basks-in-cocoa-bliss","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2025\/01\/30\/oyo-state-in-nigeria-basks-in-cocoa-bliss\/","title":{"rendered":"Oyo State in Nigeria basks in cocoa bliss"},"content":{"rendered":"\n<p>The tripling of prices in the 2024 cocoa season has brought fortunes to farmers in Oyo State, southwest Nigeria. &nbsp;<\/p>\n\n\n\n<p>This at a time when the world\u2019s supply deficit nears 500,000 tonnes for 2025, up from\u00a0<a href=\"https:\/\/www.selinawamucii.com\/news\/2024\/06\/12\/ivory-coasts-ban-of-unprocessed-cocoa-bean-exports-rallies-international-prices\/\"><u>439,000 tonnes<\/u><\/a>\u00a0in mid-2024. In southwest Nigeria itself, production has downsized to around 860 kg per smallholder farm due to mainly black pod disease.<\/p>\n\n\n\n<p>Partially thanks to this production downturn and the attendant price rally, some Oyo farmers made more money in 2024 than in the combined past five years.&nbsp;<\/p>\n\n\n\n<p>In a state where spot sales rule the market, farmers saw\u00a0<a href=\"#:~:text=What%20is%20the%20price%20of%20cocoa%20beans%20per,today%27s%20exact%20prices%20of%20cocoa%20beans%20in%20Nigeria\"><u>local prices<\/u><\/a>\u00a0spike by 300% in the past season. While late 2023 generated a maximum 4,000 naira ($2.57) a kg at the farm gate, late 2024 brought 12,000 naira ($7.72).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-better-life\"><strong>Better Life<\/strong><strong><\/strong><\/h3>\n\n\n\n<p>According to&nbsp;<a href=\"https:\/\/www.premiumtimesng.com\/regional\/ssouth-west\/770324-cocoa-farmers-count-gains-as-cocoa-bean-prices-soar.html\"><u>Premium Times Nigeria<\/u><\/a>, this tripling of sales receipts has even enabled some farmers to upgrade living conditions. A few have moved to the suburbs to live in their own residential developments through ample cocoa earnings. &nbsp;<\/p>\n\n\n\n<p>One such grower, Tiamiyu Afolabi, earned a fortune of 25 million naira ($16,089) worth of a single year\u2019s earnings from cocoa. For this piece of luck, he can now compare himself with fellow age-mates who are retiring from government jobs.<\/p>\n\n\n\n<p>Indeed, his income far outstrips the latest retirement pension minimum of&nbsp;<a href=\"https:\/\/guardian.ng\/news\/nigeria\/makinde-pays-%E2%82%A680000-minimum-wage-to-oyo-workers\/\"><u>25,000 naira<\/u><\/a>&nbsp;($16.09) that the Oyo State announced January 22, 2025. &nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-another-view\"><strong>Another View<\/strong><strong><\/strong><\/h3>\n\n\n\n<p>This news has a downside however following anti-export sentiments by Nigeria\u2019s Raw Materials Research and Development Council\u2019s boss Nnanyelugo Ike-Muonso.&nbsp;<\/p>\n\n\n\n<p>Prof. Nnanyelugo stated mid-January, 2025 that Nigeria cannot afford to export its cocoa and then import processed cocoa products.<\/p>\n\n\n\n<p>According to the professor, the country exports all cocoa beans raw, depriving the local chocolate processors&nbsp;<a href=\"https:\/\/guardian.ng\/features\/agro-care\/nigeria-has-no-reason-to-export-cocoa-soya-beans-oranges-rmrdc-dg\/\"><u>26.5%<\/u><\/a>&nbsp;of raw materials.<\/p>\n\n\n\n<p>Besides, the country has to go back in the pocket to fund imports, 30% of which are for derivatives of cocoa.&nbsp;<\/p>\n\n\n\n<p>Currently, very few processors manage to make cocoa products at home, especially given the reigning raw bean export price boon.<\/p>\n\n\n\n<p>As for now, a weak naira, low worldwide reserves and steady prices will continue to benefit Oyo State\u2019s farmers. And as the statistics below show, Nigeria as a whole is a major cocoa powerhouse in its own right.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-nigeria-and-oyo-state-cocoa-statistics\"><strong>Nigeria and Oyo State Cocoa Statistics&nbsp;<\/strong><strong><\/strong><\/h2>\n\n\n\n<p>Nigeria is one of the leading cocoa-producing nations, with production representing&nbsp;<a href=\"https:\/\/cpparesearch.org\/cocoa-production-in-nigeria\/\"><u>5%<\/u><\/a>&nbsp;of the global output, as of 2017. Most of the production comes from the southwestern part of the country, which includes Oyo and Cross River states.&nbsp;<\/p>\n\n\n\n<p>According to FAOSTAT, national production hit&nbsp;<a href=\"#data\/QCL\"><u>284,232 tonnes<\/u><\/a>&nbsp;in 2023, above the 280,000 tonnes of 2022. This is even as acreage expanded from 1,027,173 hectares (ha) in 2022 to 1,045,545 ha in 2023.&nbsp;<\/p>\n\n\n\n<p>In terms of exports, Nigeria ranked the fourth largest exporter of raw cocoa beans in 2021. The year\u2019s export value reached&nbsp;<a href=\"#:~:text=In%202021%2C%20Top%20exporters%20of%20Cocoa%20beans%2C%20whole,%2C%20366%2C286%2C000%20Kg%29%2C%20Cameroon%20%28%24482%2C366.79K%20%2C%2\"><u>$560.1 million<\/u><\/a>, from a volume of 366,286 tonnes, according to the World Bank. Only Ecuador, Ghana and Ivory Coast in ascending order of export value had more foreign sales that year.&nbsp;<\/p>\n\n\n\n<p><strong>Ho<\/strong><strong>w many cocoa farmers are there in Nigeria<\/strong>? &nbsp;<\/p>\n\n\n\n<p>Nigeria boasts over&nbsp;<a href=\"https:\/\/cpparesearch.org\/cocoa-production-in-nigeria\/\"><u>300,000<\/u><\/a>&nbsp;farmers, as of 2017, the majority small-scale. Over 75% of these growers operate in the southwestern region of the country.&nbsp;<\/p>\n\n\n\n<p><strong>Which farming system d<\/strong><strong>efines cocoa<\/strong><strong>&nbsp;farming in Oyo State<\/strong>?&nbsp;<\/p>\n\n\n\n<p>Cocoa growers in Oyo State, Ondo, and Osun Ogun in southwest Nigeria utilize both small-scale and shareholding farming systems. Shareholding is a system where the person who leases land earns 2\/3<sup>rd<\/sup>&nbsp;of cocoa sale proceeds. Around&nbsp;<a href=\"https:\/\/cpparesearch.org\/cocoa-production-in-nigeria\/\"><u>80%<\/u><\/a>&nbsp;of farmers in this region &nbsp;have less than 5 hectares of land, while just 1% have over 10 hectares, per a 2017 survey.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tripling of prices in the 2024 cocoa season has brought fortunes to farmers in Oyo State, southwest Nigeria. &nbsp; This at a time when the world\u2019s supply deficit nears 500,000 tonnes for 2025, up from\u00a0439,000 tonnes\u00a0in mid-2024. In southwest Nigeria itself, production has downsized to around 860 kg per smallholder farm due to mainly&#8230;<\/p>\n","protected":false},"author":3,"featured_media":21179,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.3 (Yoast SEO v20.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oyo State in Nigeria basks in cocoa bliss - Selina Wamucii | Food &amp; Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2025\/01\/30\/oyo-state-in-nigeria-basks-in-cocoa-bliss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oyo State in Nigeria basks in cocoa bliss - Selina Wamucii | Food &amp; Agriculture News\" \/>\n<meta property=\"og:description\" content=\"The tripling of prices in the 2024 cocoa season has brought fortunes to farmers in Oyo State, southwest Nigeria. &nbsp; This at a time when the world\u2019s supply deficit nears 500,000 tonnes for 2025, up from\u00a0439,000 tonnes\u00a0in mid-2024. In southwest Nigeria itself, production has downsized to around 860 kg per smallholder farm due to mainly...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.selinawamucii.com\/news\/2025\/01\/30\/oyo-state-in-nigeria-basks-in-cocoa-bliss\/\" \/>\n<meta property=\"og:site_name\" content=\"Selina Wamucii | Food &amp; Agriculture News\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-30T13:34:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-30T13:34:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.selinawamucii.com\/news\/wp-content\/uploads\/2024\/09\/640px-Semillas_de_cacao_usadas_como_moneda-e1725370664280.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"417\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Timothy Wahome\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Timothy Wahome\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.selinawamucii.com\/news\/2025\/01\/30\/oyo-state-in-nigeria-basks-in-cocoa-bliss\/\",\"url\":\"https:\/\/www.selinawamucii.com\/news\/2025\/01\/30\/oyo-state-in-nigeria-basks-in-cocoa-bliss\/\",\"name\":\"Oyo State in Nigeria basks in cocoa bliss - Selina Wamucii | Food &amp; Agriculture News\",\"isPartOf\":{\"@id\":\"https:\/\/www.selinawamucii.com\/news\/#website\"},\"datePublished\":\"2025-01-30T13:34:12+00:00\",\"dateModified\":\"2025-01-30T13:34:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/8c0aad9a1f85037798080d75b4302cf8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.selinawamucii.com\/news\/2025\/01\/30\/oyo-state-in-nigeria-basks-in-cocoa-bliss\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.selinawamucii.com\/news\/2025\/01\/30\/oyo-state-in-nigeria-basks-in-cocoa-bliss\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.selinawamucii.com\/news\/2025\/01\/30\/oyo-state-in-nigeria-basks-in-cocoa-bliss\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.selinawamucii.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oyo State in Nigeria basks in cocoa bliss\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.selinawamucii.com\/news\/#website\",\"url\":\"https:\/\/www.selinawamucii.com\/news\/\",\"name\":\"Selina Wamucii | Food & Agriculture News\",\"description\":\"Discover the Latest in Food and Agriculture.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.selinawamucii.com\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/8c0aad9a1f85037798080d75b4302cf8\",\"name\":\"Timothy Wahome\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/636da6c8288b7dcaef01a42b50c3bc41?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/636da6c8288b7dcaef01a42b50c3bc41?s=96&d=mm&r=g\",\"caption\":\"Timothy Wahome\"},\"url\":\"https:\/\/www.selinawamucii.com\/news\/author\/twt4wahomegmail-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Oyo State in Nigeria basks in cocoa bliss - Selina Wamucii | Food &amp; Agriculture News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.selinawamucii.com\/news\/2025\/01\/30\/oyo-state-in-nigeria-basks-in-cocoa-bliss\/","og_locale":"en_US","og_type":"article","og_title":"Oyo State in Nigeria basks in cocoa bliss - Selina Wamucii | Food &amp; Agriculture News","og_description":"The tripling of prices in the 2024 cocoa season has brought fortunes to farmers in Oyo State, southwest Nigeria. &nbsp; This at a time when the world\u2019s supply deficit nears 500,000 tonnes for 2025, up from\u00a0439,000 tonnes\u00a0in mid-2024. In southwest Nigeria itself, production has downsized to around 860 kg per smallholder farm due to mainly...","og_url":"https:\/\/www.selinawamucii.com\/news\/2025\/01\/30\/oyo-state-in-nigeria-basks-in-cocoa-bliss\/","og_site_name":"Selina Wamucii | Food &amp; Agriculture News","article_published_time":"2025-01-30T13:34:12+00:00","article_modified_time":"2025-01-30T13:34:13+00:00","og_image":[{"width":640,"height":417,"url":"https:\/\/www.selinawamucii.com\/news\/wp-content\/uploads\/2024\/09\/640px-Semillas_de_cacao_usadas_como_moneda-e1725370664280.jpg","type":"image\/jpeg"}],"author":"Timothy Wahome","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Timothy Wahome","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.selinawamucii.com\/news\/2025\/01\/30\/oyo-state-in-nigeria-basks-in-cocoa-bliss\/","url":"https:\/\/www.selinawamucii.com\/news\/2025\/01\/30\/oyo-state-in-nigeria-basks-in-cocoa-bliss\/","name":"Oyo State in Nigeria basks in cocoa bliss - Selina Wamucii | Food &amp; Agriculture News","isPartOf":{"@id":"https:\/\/www.selinawamucii.com\/news\/#website"},"datePublished":"2025-01-30T13:34:12+00:00","dateModified":"2025-01-30T13:34:13+00:00","author":{"@id":"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/8c0aad9a1f85037798080d75b4302cf8"},"breadcrumb":{"@id":"https:\/\/www.selinawamucii.com\/news\/2025\/01\/30\/oyo-state-in-nigeria-basks-in-cocoa-bliss\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.selinawamucii.com\/news\/2025\/01\/30\/oyo-state-in-nigeria-basks-in-cocoa-bliss\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.selinawamucii.com\/news\/2025\/01\/30\/oyo-state-in-nigeria-basks-in-cocoa-bliss\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.selinawamucii.com\/news\/"},{"@type":"ListItem","position":2,"name":"Oyo State in Nigeria basks in cocoa bliss"}]},{"@type":"WebSite","@id":"https:\/\/www.selinawamucii.com\/news\/#website","url":"https:\/\/www.selinawamucii.com\/news\/","name":"Selina Wamucii | Food & Agriculture News","description":"Discover the Latest in Food and Agriculture.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.selinawamucii.com\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/8c0aad9a1f85037798080d75b4302cf8","name":"Timothy Wahome","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/636da6c8288b7dcaef01a42b50c3bc41?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/636da6c8288b7dcaef01a42b50c3bc41?s=96&d=mm&r=g","caption":"Timothy Wahome"},"url":"https:\/\/www.selinawamucii.com\/news\/author\/twt4wahomegmail-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/posts\/21799"}],"collection":[{"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/comments?post=21799"}],"version-history":[{"count":2,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/posts\/21799\/revisions"}],"predecessor-version":[{"id":21801,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/posts\/21799\/revisions\/21801"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/media\/21179"}],"wp:attachment":[{"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/media?parent=21799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/categories?post=21799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/tags?post=21799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}