Johnvents processes 5,000MT of cocoa, eyes improved forex earnings

Six months after the inauguration of its modern cocoa processing factory in Akure, Johnvents Industries Limited, has announced that it has processed about 5,000 metric tonnes of cocoa for export.

The Managing Director of JIL, Mr John Alamu, made this known during a stakeholders’ session to assess the company’s achievements since its inauguration in December on Wednesday.

Alamu explained that the company had exported processed cocoa to Europe, the United States and southern parts of Africa in a bid to shore up the foreign exchange earning of the country.

He said, “Cocoa cake and cocoa butter are the two major derivatives of our cocoa processing business at Johnvents Industries, and since we began production last December, we have processed about 5,000 metric tonnes worth of products for export to countries in Europe, the US and some parts of southern Africa.

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“We operate one of the largest cocoa processing factories in Nigeria and have invested over N3bn to revamp and kick start operation in our factory. We are proud to be one of the leading companies in the processing of cocoa cake, butter and powder in the country today.”

Alamu added, “We are proud to say that in six months, we are well on our way to achieving the set goals at inauguration. Our production capacity utilisation has improved from 20% in December 2021 to 66% in May 2022.”

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The managing director stressed that at the beginning of operation in 2021, the company projected that hundreds of workers would be engaged by the company, saying over 200 people currently worked in the factory.

The Manager, Business, Sales and Operations, JIL, Mrs Caroline Omotosho, explained that the company was determined to make quality impact on the local and global value chains within a short time.

Omotosho stated, “We have introduced our retail product, the Johnvents pure cocoa powder, into the local market. We believe it is not enough that we export cocoa cake and cocoa butter, we also want Nigerians to incorporate healthy meals into their diets and enjoy the benefits of cocoa.

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“Also, Johnvents Industries Limited has heavily invested in our farmers and local buying agents. Within our ecosystem, we have 5,000 farmers. We educate the farmer clusters on good agronomy practices and also provide support on seedlings and globally approved pesticides amongst others.”

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