To drive value addition and boost the country’s foreign exchange inflows through agriculture, the Lagos State Governor plans to establish three cocoa processing hubs.

Folashade Ambrose-Medebem, commissioner for commerce, cooperatives, trade, and investment, who was representing Governor Babatunde Sanwo-Olu, made this known during the International Cocoa Forum held recently in Lagos.

She noted that the state is a trade hub for value addition and with its strategic geographical position and robust infrastructure, Lagos is poised to become a central hub for cocoa processing and trade.

“Our ports, coupled with an efficient transportation network, provide an excellent platform for exporting processed cocoa products to Africa and the world,” Sanwo-Olu said.

“We plan to establish at least three major cocoa processing plants in Lagos, each with a capacity to process 10,000 metric tonnes annually,” he stated.