Why we’re supporting 150,000 farmers in Nigeria’s cocoa industry by 2030 — Johnvents Group

John Alamu, the group managing director of an indigenous agribusiness and manufacturing group, Johnvents Group, has disclosed the readiness of the company to support 150,000 farmers by 2030, create jobs across the value chain, and drive economic growth in Nigeria’s cocoa industry.

He noted that Nigeria’s cocoa industry is at a turning point, and Johnvents Group is leading the way toward a future built on value creation, sustainability, and global competitiveness.

Alamu, who disclosed this in a statement made available to journalists on Thursday in Akure, therefore, said the partnership between the company and British International Investment (BII) has been projected to boost cocoa production in Africa.

According to him, the “strategic global trade expansion through Johnvents Industries DMCC is connecting Nigerian cocoa to international markets with commitment to sustainability, ensuring all cocoa is ethically sourced, fully traceable, and compliant with global standards.

“With this strategic partnership, Johnvents Group is boosting cocoa production and creating a sustainable future for Nigeria’s agriculture industry.

“This partnership with BII represents a new era of growth, competitiveness, and long-term value creation for farmers, processors, and global consumers alike.”

The statement reads further; “Currently, Premium Cocoa Products, Ile-Oluji, a subsidiary of Johnvents Group, is expanding its processing capacity from 13,000 to 30,000 MT, making it one of Nigeria’s largest cocoa processors while enhancing efficiency with upgraded technology.

Read also: FG launches national electronic extension platform to boost food security

“The investment strengthens traceability, sustainability, and value-added cocoa exports, positioning Nigeria as a key player in the global cocoa market.

“With a clear vision and strategic roadmap, Johnvents Group’s transformation efforts have gained significant momentum through its partnership with British International Investment (BII) in Premium Cocoa Products (Ile-Oluji), a subsidiary of Johnvents Group.

“Premium Cocoa Products (Ile-Oluji) has long been a pillar of Nigeria’s cocoa heritage. As one of the nation’s most respected cocoa processing facilities, it has played a crucial role in the industry. Now, under Johnvents Group’s leadership, the factory will scale its operations and global competitiveness by expanding processing capacity.

“Production will increase from 13,000 to 30,000 metric tonnes annually, making it one of Nigeria’s largest cocoa processing plants.

“This expansion includes upgrading processing technology, improving production efficiency, and increasing storage capacity to ensure a seamless supply chain from farm to export.

“The facility will meet the growing global demand for premium cocoa derivatives by processing more cocoa beans locally, reducing Nigeria’s reliance on raw bean exports.

“We are focusing on enhancing global competitiveness. Nigeria is set to become a leading supplier of high-quality cocoa derivatives such as cocoa liquor, butter, cake, and powder.”

Meanwhile, the Group Managing Director explained that by reducing dependence on raw cocoa bean exports, the initiative would elevate Nigeria’s position in global cocoa markets and increase the profitability of local producers.

He disclosed that through its flagship initiative, “Nourished Crop, Better Farmer,” Johnvents Group aims to empower 150,000 cocoa farmers by 2030, providing them with essential tools, training, and direct market access to improve their productivity and income.

Therefore, in driving sustainability and traceability, by 2027, Alamu assured that every cocoa bean processed at Premium Cocoa would be 100 percent traceable, ensuring transparency in sourcing and compliance with global sustainability standards.

According to him, this move aligns with evolving international trade regulations, including the European Union Deforestation-free Regulation (EUDR), securing Nigeria’s access to premium markets and reinforcing ethical sourcing practices.

Likewise, in the move to boosting exports and economic growth, strengthening Nigeria’s position as a trusted global supplier, premium cocoa products will drive economic growth and create thousands of jobs across the cocoa value chain.

With increased production and value-added processing, new export opportunities would be opened, generate foreign exchange earnings, and foster industrial development.

Alamu emphasized that “for generations, cocoa has built livelihoods, sustained families, and fueled industries across Nigeria. Yet, we have remained on the fringes of global value chains. With this investment, we are accelerating our journey to make Nigerian cocoa a symbol of quality, transparency, and global impact.

“Johnvents Group is not just participating in the agricultural value chain but shaping its future. Our businesses: Johnvents Cocoa Factory, Johnvents Trading, Johnvents Foods, Johnvents Industries DMCC, Johnvents Farms, Premium Cocoa Products (Ile-Oluji), and Haven Hauling, form an integrated ecosystem that is transforming Nigeria’s agricultural sector through a combined processing capacity of 48,000 metric tonnes making us Africa’s second-largest cocoa processor.

“Over 1,500 hectares of farmland set aside for strengthening sustainable cocoa sourcing. ”

Speaking on the new moves, Sunday Bamikole, Managing Director of Premium Cocoa Products Limited, emphasized the long-term impact of the investment, saying “This is a transformational moment for Nigeria’s cocoa industry.

“With BII’s capex backing, we are expanding our operations, increasing efficiency, and ensuring that Nigerian cocoa is recognized globally for its quality and sustainability. Now, the factory would be able to process a thousand trailer loads of cocoa beans per year.”