Analysis of Strengths, Weaknesses, Opportunities and Threats (SWOT) of Cocoa Industry in Nigeria

Q. A. Ogunwolu; A. O. Akinpelu; K. A. Adesanya; A. A. Adelusi; O. Taiwo; F. A. Adesida; R. A. Buhari

Authors

Ogunwolu Q. A. Economics and Extension Department, Cocoa Research Institute of Nigeria (CRIN), Idi Ayunre, PMB 5244, Ibadan, Oyo State
Akinpelu A. O. Economics and Extension Department, Cocoa Research Institute of Nigeria (CRIN), Idi Ayunre, PMB 5244, Ibadan, Oyo State
Adesanya K. A. Economics and Extension Department, Cocoa Research Institute of Nigeria (CRIN), Idi Ayunre, PMB 5244, Ibadan, Oyo State
Adelusi A. A. Economics and Extension Department, Cocoa Research Institute of Nigeria (CRIN), Idi Ayunre, PMB 5244, Ibadan, Oyo State
Taiwo O. Economics and Extension Department, Cocoa Research Institute of Nigeria (CRIN), Idi Ayunre, PMB 5244, Ibadan, Oyo State
Adesida F. A. Economics and Extension Department, Cocoa Research Institute of Nigeria (CRIN), Idi Ayunre, PMB 5244, Ibadan, Oyo State
Buhari R. A. Department of Entomology, Cocoa Research Institute of Nigeria (CRIN), Idi Ayunre, PMB 5244, Ibadan, Oyo State Corresponding author's email: qudusogunz@gmail.com

Keywords:

Cocoa industry Strengths Weaknesses Opportunities Threats.

Abstract

This study examined the Strengths, Weaknesses, Opportunities, and Threats
(SWOT) peculiar to the cocoa industry in Nigeria. The study adopted a qualitative
research technique using relevant literature and statistical data from international
organisations to identify the factors influencing the industry’s internal and external
environments. Threats, Opportunities, Weaknesses, and Strengths (TOWS) matrix
was then constructed and used to examine possible strategies that could help
galvanize the industry back to its old glory days. The government is advised to
create an enabling environment for cocoa processors and provide accessible loans
and grants for farmers. Extension Agents are challenged to expand their extension
services so that cocoa farmers can benefit from new technologies and practices.

Author Biographies

Ogunwolu Q. A., Economics and Extension Department, Cocoa Research Institute of Nigeria (CRIN), Idi Ayunre, PMB 5244, Ibadan, Oyo State

Economics and Extension Department, Cocoa Research Institute of Nigeria (CRIN), Idi Ayunre, PMB 5244, Ibadan,
Oyo State