"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.