BetaNaija.com

In the year 2015, fluntuation in oil price drove Nigeria economy into a huge downfall, due to the country’s major revenue on oil production.Diversification is necessary and essential in building a robust national revenue.  However, Cocoa had played a reliable role in economy development in the early 1950s and 60s prior to the discovery of crude oil in 1966. Cocoa production decreases per decade from 420,000 tons in the ‘60s to 170,000 tons in late 90s. Statistics had shown its increase to  389,272 tons between 2000 and 2010, but decreases to 192,000 tons in 2015 and 2016. Certainly, agricultural commodities most especially Cocao should be given adequate attention by the government and farmers. The urgent need for diversification of Nigeria economy requires logical actions, as investment in the cocoa industry should be an alternative to oil production.  The climate condition is favourable for the growth of Cocoa  in the westhern region, namely Ondo, Ogun, Osun, Oyo an...