Buhari signs Instrument of Accession to International Cocoa Agreement

Abuja, Nigeria (PANA) – Nigeria’s President Muhammadu Buhari on Monday signed the Instrument of Accession to the International Cocoa Agreement, 2010, sequel to an approval by the Federal Executive Council (FEC).

“Sequel to the Federal Executive Council approval for Nigeria to accede to the International Cocoa Agreement, 2010, President Muhammadu Buhari Monday, at the State House, Abuja, signed the Instrument of Accession to the International Cocoa Agreement, 2010," said an official statement issued by the government.

Following the execution of the instrument of accession, Nigeria undertakes “faithfully to abide by all the stipulations therein contained” in the Agreement.

Among other benefits, the Agreement is expected to strengthen cooperation between exporting and importing member countries; improve their cocoa economies through active and better focused project development and strategies for capacity-building.

“The 2010 Agreement is also expected to build on the successes of the 2001 Agreement by implementing measures leading to an increase in the income of cocoa farmers and by supporting cocoa producers in improving the functioning of their cocoa economies.”

It will also “deliver cocoa of better quality, take effective account of food-safety issues and help establish social, economic and environmental sustainability, so that farmers are rewarded for producing cocoa that meets ethical and environmental considerations,” the statement added.
-0- PANA MON/AR 20Aug2018

20 august 2018 16:47:05




xhtml CSS