Taiwo Ayoade is the Deputy Managing Director of Agro Traders Limited, a leading indigenous exporter of top quality cocoa beans. Taiwo is a chartered accountant whose career spanned several years in corporate accounting functions before joining Agro Traders Limited as the Deputy Managing Director.
Agro Traders Limited was formed in 1991 in the heart of Nigeria’s main cocoa growing belt of Ondo State. From trading just 400 metric tonnes locally during the1991/1992 Season, Agro Traders Limited has now grown to become one of the leading exporters of cocoa beans from Nigeria, shipping up to 20,000 metric tonnes annually. Agro Traders is one of the voting members of the Federation of Cocoa Commerce (FCC), a global community of Cocoa business market leaders headquartered in London. The company was awarded the Outstanding Exporter of the Year at the Presidential Special Awards in 2011.
In order to maximize the opportunities in the cocoa space and to help create more employment opportunities, the promoters of the business embarked on strategic forward integration to processing of cocoa beans into various derivative products under the auspices of Plantation Industries, a sister company to Agro Traders. Plantation Industries was commissioned in 2011 and has an annual cocoa beans processing capacity of 18,000 metric tonnes.
Agro Traders and related business interests is a classic example of the economic diversification opportunities in the Non-oil sector of the economy