FG, WORLD BANK UNITE TO DIGITALLY EMPOWER YOUNG NIGERIANS AND DRIVE JOB CREATION.(PHOTO).#PRESS RELEASE

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 PRESS RELEASE FG, WORLD BANK UNITE TO DIGITALLY EMPOWER YOUNG NIGERIANS AND DRIVE JOB CREATION The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has affirmed that the Federal Government is working closely with the World Bank to advance a shared agenda focused on creating high-quality jobs for young Nigerians. Speaking to journalists in Washington D.C. on the sidelines of the World Bank/IMF Spring Meetings, following the conclusion of the institution’s Development Committee Meeting, Mr. Edun noted that the Bank’s Governors — who are Finance Ministers of member countries — have collectively agreed to prioritise employment generation as a central pillar of development. This, he stated, aligns seamlessly with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which places job creation at the core of economic revitalisation efforts. The agenda going forward centres on the critical role of multilateral financial institutions — particularly the Wo...
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NIGERIA TARGETS 750,000 METRIC TONNES OF COCOA IN 10 YEARS .(PHOTO).

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NIGERIA TARGETS 750,000 METRIC TONNES OF COCOA IN 10 YEARS 



Federal Government is targeting to raise the production of Cocoa to 750,000 metric tonnes by the year 2032.


Currently, the production of Cocoa has been pegged at 340,000 thousand below Ghana and Ivory Coast who jointly produce about 60% of the crop globally.


The Ministry of Trade and Investment stated that the goal is to be achieved by a 10-year roadmap which have been developed by stakeholders in the Cocoa production.


The representative of the Permanent Secretary of the ministry of Trade and Investment, Tuayeringha Gana who stated this at a stakeholders forum on the implementation of the 10 years National Cocoa Plan (2023-2032) in Abuja, said the target was in line with the global Cocoa agenda.


The Minister of Agricultural and Food Security, represented by a Deputy Director in the ministry, Ajayi Olutobaba said a National Cocoa Management Committee was recently inaugurated to see to the establishment of the National Cocoa Management Commission.


According to Mr Olutobaba, the national coordinating body is expected to guarantee sustainability of the Cocoa value chain in the country and ensure that Nigeria’s Cocoa production meets international demands.


Mr Emmanuel Enang who represented the Director-General of the Nigerian Export Promotion Council (NEPC), said the forum also aimed at addressing the challenges plaguing Cocoa production in the country such as climate change, poor seedlings and lack of funding.


The forum had in attendance representatives from the Nigerian Export-Import Bank (NEXIM BANK), Nigeria Customs Service, Federation of Agricultural Commodity Association of Nigeria (FACAN) and the Cocoa Association of Nigeria

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