Market News
‘Nigeria exporting cocoa in raw form despite 6.5 % global production’
By Philip Shimnom Clement
Johnvents Industries Limited, a subsidiary of Johnvents Group, one of Nigeria’s leading indigenous companies bridging the funding gap in Nigerias cocoa value chain has called for more investment in the sector for Nigeria to participate globally in the cocoa value chain.
In a statement yesterday, the firm noted that “Nigeria is the fourth-largest cocoa producer, contributing about 6.5% of global production according to the (NEPC), with 2024 export value of about N2.7 trillion. Despite this strong base, Nigeria still exports most of its cocoa in raw bean form, capturing limited value compared to peers with higher local processing capacity.”
It noted that this reality underscores the opportunity for integrated players to scale processing, improve traceability and unlock greater value domestically and globally.
“Having operated within the cocoa value chain for over six years, the company has established itself as a trusted, growth-driven brand, deeply committed to quality, sustainability, and innovation.
“Following the registration of its N30 billion commercial paper in 2022, Johnvents Industries has experienced exponential growth with revenues rising from N59 billion in 2022 to over N230 billion in 2024. This achievement reflects its expanding footprint, strategic foresight, and contribution to local value creation.
As global demand for cocoa and value-added derivatives continues to rise, Johnvents Industries remains steadfast in its mission to deepen Nigeria’s participation in the global cocoa economy while delivering value to stakeholders,” it added.
The firm further stated that “Through continuous investments in processing capacity, sustainability initiatives, and strategic financing via the Nigerian Capital Markets, the company is not only advancing the nation’s cocoa story but also living its purpose of nourishing Africa and the World.”
