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C’River To Rake In $100m From Cocoa Factory

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One hundred million dollar is to be generated on annual basis into the coffers of the Cross River State Government from proceeds which will acrue from the state cocoa processing factory set up by the administration of Prof. Ben Ayade in Ikom Local Government Area of the State.
The State Commissioner for Agriculture, Prof Anthony Eneji, stated this during an assessment visit to the cocoa processing factory and the ultra modern rice processing factory sited in  both in Ikom and Ogoja local government areas of the State yesterday.
The commissioner expressed satisfaction with the progress of work currently on-going at project sites and also said that to ensure steady availability of cocoa for processing at the factory, the state government has begun the planting of seedlings/nursery to boost production which will feed the plant when the plant becomes fully operational.
“It is a N100 billion project. Already, we have raised five million cocoa seedlings to ensure the plant does not run short of produce,” he said.
Earlier in his remarks, the Managing Director of A. A. Universal Agro Industries Limited, handlers of the project, Chris Agara, who also spoke at te event said, “the installed capacity of this processing plant is between 40,000 to 60,000 tons. What we have here is a three-phase facility. The first phase is to clean and dry the cocoa for export, thus giving a lot of value to the beans that will be exported.
“The second phase is processing the beans after which it is processed into powder in the third phase for chocolate, for beverage and other cocoa related product. The project is about 90 percent completed. The entire equipment needed for installation to complete the first phase are here.
“The economic benefits of the plant are enormous. I have been privileged to attend a number of world cocoa conferences with emphasis on the end users of cocoa products. The point is that by the time we create an identity for Ikom as a place that produces organic and pure cocoa, the entire world’s focus will be on this place.’’
“The plan is to have about four to five of this plant around here.
So, if we are generating between $500 million to $1 billion annually, you know what that means to the economy of the state,” Agara said.
The Permanent Secretary, Ministry of Agriculture, Rev Joseph Ugbe, who also accompanied the commisioner to visit the plant, stressed that the project was well conceived and by first quarter next year it should be completed.
Ugbe said, “You know Ikom has been well known for cocoa production and for this factory to be located here, it is going to benefit the people, the farmers and the State. It will also boost the Nigerian economy. We are also happy to be part of it. That is why we are here to ensure that whatever is done here is in order. The factory will provide employment for the teeming youths.”
In his welcome remarks, the Project Manager, A.A. Universal Agro Industries Limited, Dapo Obayemi, averred that the factory when fully operational would be interested in the processing of cocoa beans that is organic so as to get a flavor the can rank among flavors that are of international standard.
“it is the first of its kind south of the Niger. It is something that will yield the desired result. This is a 10-ton per hour processing factory. In terms of volume, you know what that is. Apart from that, it is something that has come to add value to cocoa processing in Nigeria. You can call this a cocoa refinery. Obayemei said.
Speaking shortly in a visit  to the place of  paramount Ruler of Yala LGA Ogamode Ipuole shortly after assessing the  ultra modern rice processing factory, the monarch charge the state government to ensure that employment opportunities are given to youths of the host communities to work in the factory so to reduce the high rate of unemployment in the area.
The monarch said that his qiuteness concerning the land given to the state government by the  community for the factory dosent nean that there were no agitations. “There are a lot and lots of agitations is just that i have been on top of the game telling my people particularly youths in the are to calm down. All we want as a community is for our youths to get opportunity to work whenever the factory kicks off.” Ogamode said.

By: Friday Nwagbara, Calabar.

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IPMAN Raises Concern Over Delay In Chinese Refinery Deal …Predicts Lower Fuel Prices Through Competition

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The Eastern Zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Nigerian National Petroleum Company Limited (NNPCL) to fast-track the conclusion of the proposed Technical Equity Partnership with two Chinese firms.
IPMAN made the appeal amid growing concerns over the delay in finalising the agreement initiated through the signing of a Memorandum of Understanding (MoU) on April 30, 2026, between NNPCL and Sanjiang Chemical Company Limited as well as Xinganchen (Fuzhou) Industrial Park Operation and Management Company Limited.
It said the proposed arrangement was designed to revive and expand operations at the Warri and Port Harcourt refineries, noting that successful implementation would strengthen the downstream petroleum sector and restore confidence in Nigeria’s oil and gas industry.
The former Unit Chairman and current Zonal Secretary of IPMAN, Eastern Zone (System 2E), Comrade Inimgba Emmanuel Okubowei, made the call in a statement issued by the union after the Good Governance Summit organised by the Working People United (WOPU) in Abuja, and obtained by TheTide in Port Harcourt, at the weekend.
Okubowei expressed concern over the continued hardship faced by Nigerians due to the high cost of Premium Motor Spirit (PMS), stressing that households and businesses were increasingly burdened by rising energy costs.
Okubowei stated that fuel prices would naturally decline once the Chinese partners commence full operations at the refineries, explaining that increased refining capacity and a more competitive market environment would positively influence pump prices.
The unionist further noted that the partnership would attract fresh investment, improve domestic refining output, increase petroleum product availability and create a more stable operational environment for industry stakeholders.
He maintained that healthy competition remains one of the most effective mechanisms for achieving fair pricing in the downstream petroleum industry and protecting consumers from avoidable price pressures.
The IPMAN official further argued that the entry of additional technically competent operators into the refining space would discourage monopolistic tendencies, improve operational efficiency and guarantee a more stable supply of petroleum products across the country.
He, therefore, appealed to the Group Chief Executive Officer of NNPCL, Engr. Bashir Bayo Ojulari, and the management of the company to accelerate all outstanding processes required for the successful execution of the Technical Equity Partnership.
Okubowei also called on the NNPCL leadership to publicly explain the reasons behind the prolonged delay and provide Nigerians with a definite timeline for the commencement of the project.
He emphasised that transparency, accountability and timely communication would strengthen public confidence in the initiative, adding that prompt execution of the agreement would enhance Nigeria’s energy security, create employment opportunities, stimulate economic growth and provide lasting relief to millions of Nigerians through more affordable petroleum products.
King Onunwor
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Gas Economy: Decade of Gas, Pi-CNG/ EV Deepen Media Engagement

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Poised to achieving an in-depth understanding of the Nigeria’s gas economy by it’s populace, the Decade of Gas Secretariat, in collaboration with the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV), has deepened media capacity engagement across the country.
The media session, third in its series, and held at the Hotel President, Port Harcourt, recently, brought together 30 journalists from the television, radio, print, and digital media platforms to deepen their understanding of Nigeria’s gas development agenda and further enhance their reportage on the role of gas in driving economic growth, energy security, industrialization, job creation, and improved living standards.
Speaking during the session, the representative,  Decade of Gas Secretariat,Taofeek Balogun , noted that the port Harcourt engagement followed two earlier sessions held in Lagos and Abuja, a move that began in 2025.
According to him, Nigeria’s gas sector continues to record significant progress, with year-to-date gas production reaching 7.85 billion standard cubic feet per day (bcfd).
Domestic gas utilization has surpassed the 2 bcfd mark, while gas exports have risen to their highest level in five years, reflecting growing demand across power generation, industries, transportation, exports, and household consumption.
Balogun emphasised the successful completion of the Obiafu-Obrikom-Oben (OB3) River Niger Crossing by NGIC/NNPCL, describing it as a critical infrastructure milestone that would improve gas transportation across the country, support industrial growth, attract investment, strengthen energy security, and contribute to economic development.
As part of efforts to expand domestic gas utilization, he reiterated the Federal Government’s commitment to increasing access to clean cooking solutions. The government’s target is to distribute cooking gas cylinders to five million households by 2030.
Following the successful rollout of the programme across the six geopolitical zones by the Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo, implementation would now move to the state level, beginning with Bayelsa State in July 2026.
Under the initiative, Balogun said, 27,000 households in Bayelsa are expected to receive cooking gas cylinders within the year as part of the 1(one) million homes per year target.
Also speaking, the Chief Operating Officer of Pi-CNG & EV, Tosin Coker, highlighted ongoing efforts to expand the adoption of Compressed Natural Gas (CNG) and electric mobility solutions as cleaner and more affordable transportation alternatives for Nigerians.
He disclosed that the Federal Government is promoting the adoption of CNG across Ministries, Departments and Agencies (MDAs) through the conversion of existing vehicle fleets and the procurement of CNG-powered vehicles as part of broader efforts to reduce transportation costs and improve energy efficiency.
Coker said “more than 100,000 vehicles have now been converted to CNG nationwide under the initiative, reflecting growing acceptance of alternative fuel solutions and supporting the country’s transition towards cleaner and more sustainable transportation”.
Participants commended the initiative for strengthening media capacity and improving public understanding of developments within Nigeria’s energy sector.
The Decade of Gas Secretariat and Pi-CNG & EV further reaffirmed their commitment to sustained stakeholder engagement and public awareness as Nigeria continues its journey towards a gas-powered economy.
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Group Seeks Media Partnership To Enhance Business Growth

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The Chief Executive Officer of Kefa Communication, Mr. Obihele Victor Amos, has called for stronger collaboration between business organisations and media institutions to enhance business growth, economic expansion and wider public engagement across communities.
Amos made the call during a press briefing in Port Harcourt at the weekend.
He emphasised that strategic media partnership remains critical to improving visibility for businesses and attracting investment opportunities.
According to him, the media occupies a central position in shaping public perception and creating awareness that can support enterprise development and economic sustainability.
He also noted that, many emerging businesses continue to face growth limitations due to insufficient publicity and inadequate access to effective communication channels.
“Stronger engagement with the media would help bridge information gaps and create better connections between businesses and potential customers”, he said.
The CEO further stated that responsible and developmental journalism could play a significant role in promoting innovation and encouraging healthy competition within the business environment.
He stressed that beyond informing the public, the media serves as a platform for influencing policies and encouraging stakeholder participation in economic development.
Amos further disclosed the group is committed to building relationships with media organisations through continuous engagement and collaborative initiatives.
He said such partnerships would create opportunities for entrepreneurs and support efforts aimed at expanding market access.
The business leader also urged media practitioners to sustain professionalism and continue highlighting stories that promote enterprise and national development.
He expressed confidence that improved synergy between the media and the business community would contribute to employment generation and economic resilience.
Some participants at the briefing described the initiative as a welcome development capable of strengthening public understanding of business opportunities.
There were also calls for sustained cooperation among stakeholders to drive inclusive business growth and long-term development.
King Onunwor
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