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Nigeria has banned the export of raw cocoa beans to encourage local processing and boost the value of its agricultural products.

The government aims to create domestic jobs, increase foreign currency earnings, and move away from exporting unprocessed crops. A new alliance of West African nations, including Nigeria, seeks to regulate cocoa prices, promote local processing, and strengthen their bargaining power globally. To support this shift, Nigeria is expanding its factory capacity and providing financial support across the cocoa supply chain.

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