"Alamu Advocates for Cocoa Processing to Boost Nigeria's Economy"
Fidelis David Alamu, the founder and Group Managing Director of CapitalSage Holdings, emphasized the economic benefits of processing cocoa in Nigeria over raw exports. Alamu highlighted the potential for increased earnings and job creation by shifting from exporting raw cocoa beans to finished products like chocolate and cocoa butter.
He noted that the country loses billions in revenue by exporting unprocessed cocoa. Alamu's company, CapitalSage Holdings, is actively involved in adding value to various sectors, including processing sesame, cocoa, legumes, cashews, and more.
The move towards processing finished goods is seen as a key strategy to boost Nigeria's economy and reduce revenue losses from raw exports.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
John Alamu Advocates for Processed Cocoa Exports to Boost Nigeria's Economy
Nigeria and African Nations Advised on Tapping $130B Chocolate Market
Nigeria's Shea Sector Sees Revival with Local Processing Boost
To Boost Local Production, Create Jobs, Tinubu Okays Immediate Six-month Ban on Raw Shea Export
Report Reveals Nigeria's Untapped Export Potential Worth Billions
BREAKING: Tinubu Orders Immediate Ban on Raw Shea Nuts Export
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
