NIGERIA AND CAMEROON WANT TO JOIN CÔTE D’IVOIRE-GHANA COCOA INITIATIVE

The head of the Côte d’Ivoire-Ghana Cocoa Initiative (CIGCI), Alex Assanvo, said that Nigeria and Cameroon have made requests to join the Côte D’Ivoire-Ghana Cocoa Initiative, a joint body that represents the two countries’ interests in Cocoa trade.

The initiative was launched in 2018 after the world’s two largest Cocoa producers, Côte d’Ivoire and Ghana, agreed on the need to define a common sustainable Cocoa strategy – one that would financially benefit farmers.

Cameroon and Nigeria sent representatives to Abidjan, where a CIGCI meeting was being held, to begin the process of joining the initiative, Assanvo informed reporters.

With Cameroon and Nigeria we are going to represent around two-thirds of global cocoa production. This will allow us to have more leeway in discussions with the industry on imposing a decent price for our cocoa farmers.

Yves Brahima Kone, Chief executive, Ivory Coast Cocoa and Coffee Council

The initiative seems to be gathering momentum as more leading Cocoa producers seek to gain increased influence over the pricing and sale of Cocoa, which represents an important foreign exchange income for these countries.

The inclusion of other African countries was intended from the start of the project. Nigeria is currently the fourth largest Cocoa producer in the world, while Cameroon is in fifth place.

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