Breaking News

Over $1.5bn realized from cocoa export, says Sanusi

By Dayo Johnson

AKURE—OVER $1.5bn was realized from the exportation of cocoa beans between 2005 and October this year, the Central Bank of Nigeria said yesterday.

Its governor, Mallam Sanusi Lamido Sanusi said this in Akure, at the opening ceremony of a one-day zonal workshop on Development of Nigerian Cocoa for Export.

Lamido said “the current global economic meltdown underscored the need for Nigeria to aggressively increase the contribution of non-export to the total foreign exchange earnings of the country.

According to him, “the steady growth of cocoa exports in Nigeria, was an indication that there is hope for the export of the crop and its products to surpass the pre-oil era of the 1960s.

The CBN governor spoke through Mr. Musa Batare of the Trade and Exchange Department of the bank.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.