Cocoa production is important to the economy of Nigeria. Cocoa is the leading agricultural export of the country and Nigeria is currently the world's fourth largest producer of cocoa, after Ivory Coast, Indonesia and Ghana,[1] and the third largest exporter, after Ivory Coast and Ghana.[2] The crop was a major foreign exchange earner for Nigeria in the 1950s and 1960s and in 1970 the country was the second largest producer in the world but following investments in the oil sector in the 1970s and 1980s, Nigeria's share of world output declined. In 2010, cocoa production accounted for only 0.3% of agricultural GDP.[1] Average cocoa beans production in Nigeria between 2000 and 2010 was 389,272 tonnes per year [1] rising from 170,000 tonnes produced in 1999.[3]
^ abc"Analysis of Incentives and Disincentives for Cocoa in Nigeria" (PDF). FAO. Retrieved 19 September 2015.
^Verter, N.; Bečvářová, V. (2014). "Analysis of Some Drivers of Cocoa Export in Nigeria in the Era of Trade Liberalization". Agris On-Line Papers in Economics & Informatics. 6 (4): 208–218.
^"Cocoa Development in Nigeria: The Strategic Role of STCP" (PDF). IITA. Retrieved 19 September 2015.
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