WACOT Limited, a member of Tropical General Invest-
ments (TGI) Group, has awarded a total of 1,578 cocoa farm-
ers in 28 communities in Osun State with up to N40,000
each totaling (N63,120,000) for their commitment to sus-
tainably producing the primary cash crop.
This bonus was awarded to the farmers in addition to the
payments made to them for the cocoa they delivered to the
company as part of the outgrower programme initiative. The
earned bonus was in recognition of the superior product
quality the farmers delivered to WACOT, which surpassed
the international standards of sustainable cocoa production.
The standards include but are not limited to excluding child
or forced labour, responsible use of fertilisers and pesticides,
proper tree care, and preserving protected reserves.
The special quality bonus was distributed at the Cocoa
Farmers Premium Payment Award event held on recently
Akeredolu Community, Osun State.
In her remarks, Yosola Onanuga, Corporate Responsibil-
ity & Sustainability Manager of WACOT Limited, stated,
“The award was given to the farmers based on their yield
contribution to the outgrower programme initiative. The
farmers were awarded between N30,000 to N40,000, while
some got as high as N100,000 based on their sustainable co-
coa production.”
She added, “We are shifting our cocoa specification to
achieve a responsibly managed supply chain complying with
the legal requirements of Nigeria and our cocoa export mar-
kets. We stand by our goal of promoting sustainable cocoa
production through several sustainability initiatives with
our partners.”