Revenues from Cocoa and other prominent farms produce in which Osun has comparative advantages have great capacities to turn around the economy and fortunes of the state if pursued with renewed vigor.
The Governor of Osun, Ogbeni Rauf Aregbesola, who stated this assured that his administration will leave no stone unturned to make the state great again, hence the recent investment and research into Cocoa production and the focus on other areas of agriculture.
The governor stated that for the state to start on a good footing at producing ‘Cocoa Omoluabi’, the state has enumerated and identified sixty million active cocoa trees in the state.
Aregbesola, while meeting with Cocoa Produce Merchants in the state at the Government House Banquet Hall in Osogbo, stated that with new cocoa development initiatives in the state, there will be a new cash inflow making the economy of the state prosperous.
He stated that the state has also gone further in her bid to boost cocoa production and Agriculture with the signing of Memorandum of under standing with the International Institute of Tropical Agriculture (IITA) on the development of agriculture and production of massive food production as alternative to reliance on oil sector.
The agreement according to Aregbesola involved releasing of 204.39 hectares of land in Ago Owu Farm Settlement to IITA for the purposes of conducting research and setting up demonstration farms for best farming practices.
IITA will also carry out cassava, plantain and other crops multiplication including Cocoa as well as train the youths in the state in modern, commercial and profitable farming.
Aregbesola emphasised that the state in her bid to increase Internally Generated Revenue in Osun, government will establish commodity board that will be supervised directly by the office of the governor to ensure that Osun ranks among the best cocoa producers in Nigeria within the next two years.