“There are many factories in Nigeria and there are quite a number of factories in Ondo State but there are only a few operational factories in Ondo State and they are not up to three. “Most factories produce a cocoa cake, a few produce powder and just about one or two process cocoa into butter. So, here are producing butter for export.
Will a multibillion Naira cocoa processing company boost export trade?
stakeholders. An indigenous company, Johnvents Industries Limited is set to launch a multi-billion naira cocoa processing company in Akure, the Ondo State capital to boost the nations export trade.
Will johnvents cocoa processing factory generate foreign exchange earnings?
“The Johnvents Cocoa Processing Factory is expected to generate the needed foreign exchange earnings for the country, especially considering the global value of the cocoa market of about $200 billion, while pushing for wide local consumption through our mid-term forward integration agenda.
How can Pind help farmers produce higher quality cocoa beans?
PIND helps farmers produce higher quality cocoa beans to improve their profitability, incomes, and livelihoods. Collaborate with a research institute (CRIN, Cocoa Research Institute of Nigeria) to improve access to quality seeds through a network of nursery operators.