Cocoa
The Head of Research at Ecobank, Mr. Edward George has stressed the need for Nigeria and other countries in West Africa to take advantage of the strength in cocoa production to grow their economies.
George, who spoke on the need for West Africa to focus on the Cocoa industry in order to revive the economy, at the Global Trade review’s West Africa Trade and Export Finance Conference 2016 held Lagos recently, noted that when West Africa starts pulling its weight with its 70 per cent production of cocoa, the natural brilliance of West Africans will then come to play.
The Head of Research at Ecobank, Mr. Edward George has stressed the need for Nigeria and other countries in West Africa to take advantage of the strength in cocoa production to grow their economies.
George, who spoke on the need for West Africa to focus on the Cocoa industry in order to revive the economy, at the Global Trade review’s West Africa Trade and Export Finance Conference 2016 held Lagos recently, noted that when West Africa starts pulling its weight with its 70 per cent production of cocoa, the natural brilliance of West Africans will then come to play.
This, according to him, would also help create dozens of products wanted locally.
He added: “That to me is when validation comes in; validation comes when you create a local market because if we do not the Cocoa entering West Africa will always be wins of Western Institutes.”
Other speakers at the conference focused on energy and the oil sector. The Head of Africa Trade, Barclays Africa Group, Jason Barrass, moderated the discussion on Industrialising Africa through power, manufacturing and infrastructure projects; Head of Oil &Gas Analysis desk Ecobank, Dolapo Oni, discussed “Looking beyond NNPC’s reforms and the Petroleum Industry Bill (PIB); among othes.
“Despite the region enduring a challenging period due to a reduction in oil prices, many fundamentals remain within the Nigerian and wider West African economies, this conference brought together the people that really make a difference in the market to discuss new strategies, address industry opportunities and to strategically align their export policies with international financing standards,” the producer of the programme, Paul Greetham said.
Also, a statement quoted the Managing Director of Global Trade Review (GTR), Peter Gubbins to have said the annual West Africa trade and export finance conference has rightly become a flagship event within the GTR calendar.
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