Booming cocoa prices are driving interest in boosting Nigeria’s role in the global cocoa market, with the country aiming to reach 500,000 tonnes of production by the 2024-2025 season. While Nigeria faces challenges in diversifying its oil-dependent economy, investors are looking at cocoa after prices hit a record USD 12,000 per ton. The goal is to position Nigeria as the fourth-largest cocoa producer, behind Ivory Coast, Ghana, and Indonesia.