President Bola Tinubu has announced that Nigeria will no longer export raw cocoa beans while importing finished chocolate products, as the Federal Government moves to boost local processing and value addition in the cocoa sector.

Represented by the Minister of Agriculture, Abubakar Kyari, Tinubu said the new policy aims to create jobs, attract investment and increase foreign exchange earnings by processing, branding and marketing cocoa products locally.

The President said Nigeria, which contributes about six to seven per cent of global cocoa production, has the capacity to become a major player in the international chocolate market through industrialisation and partnerships across Africa.