• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, August 3, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

FEC Okays Bill To Establish National Cocoa Management Board

by Jonathan Nda-Isaiah
3 months ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

The Federal Executive Council (FEC), chaired by President Bola Tinubu, has approved the draft bill for the establishment of the National Cocoa Management Board (NCMB), marking a major step toward revitalising Nigeria’s cocoa industry.

Advertisement

The approval, which was announced via the official X handle of thr Special Adviser to the President on Media and Public Communications, was aimed at positioning Nigeria as a leading player in the global cocoa market while improving the livelihoods of cocoa farmers across the country.

According to the statement, the NCMB will be empowered to regulate the cocoa sub-sector, rehabilitate plantations, provide soft credit facilities to farmers, and enforce market standards.

The board is also expected to drive a sustainable cocoa economy that will contribute significantly to Nigeria’s GDP by boosting domestic consumption, attracting youth into agriculture, and increasing foreign exchange earnings through the export of premium-quality cocoa products.

“In 2023, Nigeria generated N356.16 billion from cocoa beans and allied products. With this new framework, we will be competing directly with top global producers like Ghana and Côte d’Ivoire,” Dare stated.

RELATED

Dust As US-Nigeria Open Skies Air Agreement Comes Into Force

FG Sources Accuse US Mission Of ‘Smear Campaign’ Against Nigeria

1 hour ago
How Businesses Can Navigate Marketing Complexity — Expert

How Businesses Can Navigate Marketing Complexity — Expert

1 hour ago

The NCMB will also be tasked with overseeing production and industrialisation strategies to ensure farm gate prosperity and market stability. Once established, the board will approve and enforce all operational and market rules within the cocoa value chain.

The bill will be transmitted to the National Assembly shortly for legislative action and enactment.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Federal Executive Council (FEC)
SendShareTweetShare
Previous Post

We’ll No Longer Tolerate Illegal Mining Activities, Oyo Gov’t Warns

Next Post

Kano Local Gov’ts Ordered To Contribute N670m For Emirate Council’s Vehicles

Jonathan Nda-Isaiah

Jonathan Nda-Isaiah

You May Like

Dust As US-Nigeria Open Skies Air Agreement Comes Into Force
News

FG Sources Accuse US Mission Of ‘Smear Campaign’ Against Nigeria

2025/08/03
How Businesses Can Navigate Marketing Complexity — Expert
Business

How Businesses Can Navigate Marketing Complexity — Expert

2025/08/03
Mali Charges Ex-PM With Undermining The State
News

Mali Charges Ex-PM With Undermining The State

2025/08/03
Our Resolve To Protect SMEs Remain Unshaken – Shettima
News

FG Committed To Transforming Agriculture Sector – VP Shettima

2025/08/03
As APC Screens Aspirants For Ondo 2024…Aiyedatiwa Confronts Petition To Disqualify Him
News

Experts Oppose One-Day 2027 Elections

2025/08/03
Mechanical Engineer From Kwara — All You Need To Know About New NNPCL Boss Bashir Ojulari
News

Uncertainty Over NNPC CEO’s Alleged Resignation

2025/08/03
Leadership Conference advertisement

LATEST

FG Sources Accuse US Mission Of ‘Smear Campaign’ Against Nigeria

How Businesses Can Navigate Marketing Complexity — Expert

Mali Charges Ex-PM With Undermining The State

FG Committed To Transforming Agriculture Sector – VP Shettima

Nigerian Courts’ Ambiguous Judgments

Activists Clash With Police, Anti-Migrant Protesters In UK

Family Condemns Hamas Video Showing Emaciated Israeli Hostage

Experts Oppose One-Day 2027 Elections

Uncertainty Over NNPC CEO’s Alleged Resignation

Trump Fires Lead Official On Economic Data

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.