The Lagos Chamber of Commerce and Industry (LCCI) warned that more than half of Nigeria’s cocoa exports to the European Union may fail to meet traceability requirements. The warning comes as the EU’s deforestation rule deadline approaches.
The LCCI highlighted that many Nigerian cocoa producers lack the necessary documentation to prove their products are not linked to deforestation. This could lead to significant trade losses.
Nigeria is one of the world’s largest cocoa producers, with the crop playing a key role in the country’s economy. However, the EU’s new regulations require exporters to provide detailed information on the origin of their products.
The regulations aim to prevent deforestation and promote sustainable farming. Nigerian producers have struggled to adapt to the new rules, which require detailed records and certifications.
The situation has raised concerns among local traders and industry leaders. They are calling for urgent support to help farmers meet the requirements. The deadline for compliance is fast approaching, and the impact on exports could be substantial.
