Business A.M
No Result
View All Result
Wednesday, April 22, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Commodities

Nigerian cocoa farmers decry shortage of storage facilities

by Admin
January 21, 2026
in Commodities
The Cocoa Farmers Association of Nigeria has voiced its discontentment over the scarcity and poor state of cocoa storage facilities in the world’s fourth largest cocoa producer, a factor it said has put the sector’s losses in the past year at about 20 percent.

 

Adeola Adegoke, national president of the association, explained that, although the group has been supplied with some storage facilities in recent times, the supplies have been inadequate to store the number of cocoa products produced by the farmers.

 

As a result, he explained that some of the farmers, especially those in the rural communities, have resorted to storing their products in their homes inside polythene bags and other crude materials, a development he described as counterproductive in terms of quality control and supply management.

 

Adegoke further averred that the lack of secured storage facilities has resulted in increased cases of burglary and theft, which has consequently led to huge losses for the farmers.

 

“Most of these incidents occur in local communities wherein some thieves break into some farmers houses to steal some of these cocoa products that the farmers have already stored for sale or the finishing process,” he explained.

 

To address the situation, he urged the federal government to map out strategic ways to provide more facilities and also ensure that facilities made available are controlled by members of the farmers’ cooperatives who have a thorough understanding of the business and its mode of operation.
Admin
Admin
Previous Post

China leapfrogs US in 20-years as global wealth triples to $514trn in 2020

Next Post

Kano plans upgrade of cattle production, milk delivery centres

Next Post

Kano plans upgrade of cattle production, milk delivery centres

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Argentina tops global stablecoin readiness amid currency pressures

Argentina tops global stablecoin readiness amid currency pressures

April 22, 2026
High-spending Swiss consumers drive global luxury boom

High-spending Swiss consumers drive global luxury boom

April 22, 2026
Global players show African credit appetite with Liquid Tech’s $660m bond deal

Global players show African credit appetite with Liquid Tech’s $660m bond deal

April 22, 2026
Nigerians making contributions to the UK’s tech ecosystem

Nigerians making contributions to the UK’s tech ecosystem

April 22, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Argentina tops global stablecoin readiness amid currency pressures

Argentina tops global stablecoin readiness amid currency pressures

April 22, 2026
High-spending Swiss consumers drive global luxury boom

High-spending Swiss consumers drive global luxury boom

April 22, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M