Tuesday, March 17, 2026
HomeBusinessCocoa Overtakes Crude Oil as Nigeria’s Main Export to Belgium

Cocoa Overtakes Crude Oil as Nigeria’s Main Export to Belgium

Date:

Related stories

Youth: The Engine to Power Sustainable Agricultural Mechanisation in Africa?

When the rains arrive across much of sub-Saharan Africa (SSA),...

Sunbeth Raises ₦165 Billion as Commercial Paper Offer Oversubscribed by 65%

Sunbeth Global Concepts Limited has announced the successful completion...

Truecaller Partners AnyMind Group to Expand Direct Sales Footprint Across MENA, Southeast Asia

Truecaller, the leading global communications platform, today announced a...

Prominent U.S. Lawyer Thomas C Goldstein Convicted at Trial of Tax Evasion, Mortgage Fraud

A federal jury in Greenbelt, Maryland, convicted Thomas C....
- Advertisment -spot_imgspot_img
The Belgian ambassador to Nigeria, Pieter Leenknegt, has said that cocoa has overtaken crude oil as the main export product from Nigeria to Belgium since 2024.

Leenknegt stated this at the palace of Olubadan of Ibadanland, Rashidi Ladoja, during a courtesy visit to the traditional ruler on Tuesday in Ibadan. He noted that Belgium is quite obsessed with making the right kind of chocolate and would need more cocoa from Nigeria as part of its major raw materials.

“We understand that Oyo State is also a cocoa-growing state. We have some good cocoa-related news in our bilateral relations. Since 2024, cocoa has been overtaking crude oil as the main export product from Nigeria to Belgium. The fact that the price of cocoa has risen means a good thing for the farmers here because it means that they will be making better livelihoods.

“It also shows that our commercial relations are diversifying beyond fossil fuels, which is also important if we want to future-proof those relations. There’s something that also makes us proud as Belgians, because the new Olubadan is an alumnus of the University of Liège.

“I wanted to be sure that as quick as possible after coronation, I managed to pay this important visit.  I’m happy to be received at the palace, and now with a special Belgian touch, I will happily pass a few messages to the University of Liège on your ascension to the throne.

“The Imperial Majesty is fluent in French, and I think that in itself warrants probably a get-together party with what we call the ‘Les Ambassadeurs de la Francophonie’, the French-speaking ambassadors in Nigeria. The club is in Abuja, and they were also thinking of visiting a state, and I think all the arrows are now pointing in the direction of Oyo and Ibadan,” he said.

Leenknegt noted that there were quite a few existing connections between Belgium and Ibadan. He noted that the University of Ibadan has a collaboration with the University of Ghent, primarily focused on research on mycotoxins and other non-governmental organisation partnerships.

In his response, Ladoja expressed his readiness to host the association of French-speaking ambassadors in Nigeria at the Ibadan palace.

Ladoja noted that such get-togethers would create platforms to better network among French-speaking countries and Ibadan, particularly in the area of harnessing available resources for the development of Ibadanland.

He added that the collaboration would lead to job creation for teeming unemployed youths and save them from drug addiction, which had become a menace in society.

“The responsibilities of a king in the modern era have gone beyond mere glamour and celebration to a call to responsibilities,” he said.

Fejiro Anokwuru
Fejiro Anokwuru
Fejiro Anokwuru is a consummate logophile and avid reader. A student of nature she is constantly astounded by the beauty that lies both within and without the human mind and hopes to someday write at least, one great human story.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

- Advertisment -spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!