Nigeria, three African nations deepen alliance to boost cocoa value addition

Nigeria, Cameroon, Côte d'Ivoire, and Ghana signed the Abuja Declaration establishing the Cocoa Value Addition Alliance at a summit in Abuja. Nigerian Minister of State for Industry John Owan Enoh announced a Cocoa Value Addition Accord with financing from the Bank of Industry and a national traceability system. Ghana Cocoa Board CEO Ransford Abbey noted the four countries control 75% of global output but earn less than 10% of the chocolate industry's value, urging unity to strengthen bargaining power.