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International Business Times
International Business Times
Science

Nigeria Seeks To Cash In On Soaring Cocoa Prices

Nigeria is looking to become a bigger player in the cocoa bean market (Credit: AFP)

Booming cocoa prices are stirring interest in turning Nigeria into a bigger player in the sector, with hopes of challenging top producers Ivory Coast and Ghana, where crops have been ravaged by climate change and disease.

Nigeria has struggled to diversify its oil-dependent economy but investors have taken another look at cocoa beans after global prices soared to a record $12,000 per tonne in December.

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