An Assessment of Investment in Technology in Cocoa Processing Industry in Nigeria

Abstract

The paper assessed the investment in technology in cocoa processing industry in Nigeria  The study was carried out in  six cocoa processing organizations. Questionnaire technique supplemented with oral interview of officials of cocoa processing organisations were used for the study. The data collected were analyzed using descriptive and inferential statistics. The findings revealed that  despite the substantial investment in technology by cocoa processing companies, there were low capacity utilizations in the industry due to lack of adequate working capital to stock pile cocoa beans.