BOI unveils €85 million loan facility to expand Nigeria’s cocoa processing industry

AI Summary

Nigeria's Bank of Industry has launched an €85 million loan facility to boost local cocoa processing capacity, aiming to reduce reliance on raw cocoa bean exports. This initiative is intended to enhance value addition along the cocoa value chain and strengthen the country's agricultural industry.

The Bank of Industry (BOI) has unveiled an €85 million long-term financing facility aimed at expanding local cocoa processing, reducing Nigeria's dependence on raw bean exports and strengthening value addition across the cocoa value chain. The post BOI unveils €85 million loan facility to expand Nigeria’s cocoa processing industry appeared first on Nairametrics.