Nigeria risks losing over $1 billion (about N1.4 trillion) in annual agro export earnings if it fails to meet the European Union's Deforestation Regulation (EUDR) deadline of December 30, 2026. The EUDR requires commodities such as cocoa, coffee, cattle, palm oil, rubber, soy, and wood to be proven deforestation-free, legally produced, and traceable to exact farm plots using GPS coordinates. A product qualifies as deforestation-free only if it was not grown on land cleared after December 31, 2020. Multi-ingredient products face additional scrutiny, as each regulated commodity must be separately traced and verified.
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