WACOT Limited, a subsidiary of Tropical General Investments (TGI) Group, has shown appreciation to over 3,500 cocoa farmers across 28 communities in Osun State.
The company distributed a sustainability differential bonus worth over N150 million to these farmers, recognizing their dedication to sustainable cocoa production.
This additional payment which is above the regular price for their cocoa, was awarded to farmers who met and exceeded international sustainable cocoa production standards.
These standards encompass a wide range of practices, including the elimination of child and forced labor, responsible use of fertilizers and pesticides, proper tree care, and the preservation of protected reserves.
The special quality bonus was presented to the farmers during a ceremony held in Balogun Community, Ile-Ife.
The event celebrated the farmers’ commitment to sustainable agriculture and their contribution to the global cocoa supply chain.
Yosola Onanuga, Head of Corporate Responsibility & Sustainability at TGI Group, expressed gratitude to the farmers for their dedication.
She emphasized that sustainability is a core value for TGI and is integrated into all aspects of the company’s operations.
“We want to appreciate the farmers in our cocoa programme for their commitment to sustainable farming practices.
Sustainability is a core value at TGI which is deeply embedded in our operational strategies,” she said.