President Muhammadu Buhari on Monday in Abuja signed the Instrument of Accession to the International Cocoa Agreement, 2010.
Senior Special Assistant to the President on Media and Publicity, Garba Shehu, who confirmed this in a statement in Abuja, said the signing of the Agreement followed its approval by the Federal Executive Council.
According to him, with the execution of the instrument of accession, Nigeria undertakes faithfully to abide by all the stipulations therein contained in the Agreement.
Shehu listed other benefits of the Agreement to include strengthening cooperation between exporting and importing member countries.
He said that the agreement was expected to improve their cocoa economies through active and better focused project development and strategies for capacity-building.