Business

Flood to disrupt Nigeria’s cocoa export as price rises above $10,100 – Report

The planting of cocoa and the mid-crop harvest in Nigeria will face disruptions due to warnings from the Nigeria Hydrological Service Agency (NIHSA) about severe flooding in the country’s primary cocoa-producing regions, according to a Bloomberg report.


Joseph Utsev, the Minister of Water Resources and Sanitation, announced in Abuja on Wednesday that the states susceptible to flooding include Ondo, Cross River, Osun, Oyo, Ogun, Taraba, and Delta.


These areas are responsible for 94% of Nigeria’s production of cocoa, a key ingredient in chocolate.