The newly resuscitated Osun State cocoa processing industry in Ede has begun processing cocoa as part of the state’s industrialisation programme.
The company, which was inaugurated on October 17 , 1982, had stopped production in 2001 due to obsolete equipment and management issues.
Industries, commerce, cooperatives and empowerment commissioner, Ismail Alagbada, said the company is now processing 20,000 tonnes of cocoa on a daily basis.
The cocoa processing plant was revived in partnership with Golden Monkey of China.
This according to him has increased the production capacity of the company by 400 per cent from 2001 period.
The commissioner said, “At present, the company is processing 20,000 tonnes of cocoa into cocoa liquor for both local and international consumption, thus increasing the production capacity of the company by 400 per cent from 2001 period.
“The revival of the CPI is part of the realisation of the industrialisation plan of the current administration, to put the company into effective use for optimum performance.”
Alagbada explained that more workers will still be recruited as expansion of the company was being carried out.
He said Osun is holding 30 per cent equity in the revitalised firm.
“Through this partnership, many people in Osun would learn the trade of cocoa processing; the possibilities are just endless. At least, now, our people know that more value accrues to them if they process cocoa rather than exporting in its raw form,” the commissioner stated.