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Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion - Business - Nairaland

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Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by postbox: 7:03pm On Jan 15, 2018
National Cashew Association of Nigeria (NCAN) says Nigeria has emerged fourth largest producer of cashew in the world.

The association said Nigeria produced 220,000 metric tonnes of cashew nuts out of World’s total of 2.1 million tonnes last year, adding that the country exported 120,000 metric tonnes in the year under review.

NCAN President, Tola Fasheru who stated this in Abuja, Thursday when he visited the Minister of State for Industry, Trade and Investment, Ms. Aisha Abubakar also revealed that cashew farmers in the country earned N123 billion ($402 million) from the export of cashew last year and between 2015 and 2017, earned $813.05m (N284.5bn) in foreign exchange from the exportation of cashew.

Fasheru called on the Federal Government to save the industry from collapse through initiatives such as the provision of incentives to farmers to expand their trade and protection of farms against encroachment from foreigners.

He also made other requests to the Federal Government to include the provision of N20 billion loans to the farmers to expand their trade, urgent need to address the persistent gridlock in Apapa, Lagos which affects exports and the provision of 2.6 million jute bags for bagging cashew nuts this year.

The NCAN boss noted that export earnings from cashew nuts have witnessed a steady increase in the last two years, rising from $ 152, 000,000 in 2015, to $259,000,000 in 2016 and $402, 050,000 in 2017.

He revealed that NCAN’s major trading partners are the Vietnam Cashew Association (Vinacas), African Cashew Alliance (ACA), USAID/NEXTT, while it also collaborates with the Cashew Export Promotion Council of India (CEPCI).

Fasheru commended efforts by the Federal Government towards making cashew a major revenue earner, adding that Nigerian cashew nuts are highly sought-after in the international markets.

In her remarks, Ms. Abubakar expressed Federal Government’s commitment towards supporting the cashew farmers.

She commended NCAN for its contributions to growing the cashew industry value chain and growth of the economy through job creation and foreign exchange earnings.

The minister promised that ministry would partner with other agencies in tackling the challenges facing the cashew farmers and exporters.


SOURCE: https://brandspurng.com/nigeria-emerges-worlds-4th-largest-cashew-producer-earned-n284b-3-years/

7 Likes

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by LionDeLeo: 7:04pm On Jan 15, 2018
Gradually, we shall get there whether enemies of the state like it or not.

Whoever is pained can take a walk to the lagoon, then take a leap.

47 Likes 2 Shares

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by basmur(m): 7:45pm On Jan 15, 2018
This cashsew has been one of the wonders of living in the village.. You are so blessed if you have it plantation either by yourself or inherited...my village makes million of naira from this product yearly...it harvesting period is probably another celebration season in the entire village. It is indeed a CASH CRoP. Glory to the Most High.

49 Likes 2 Shares

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by BrandSpurNG: 7:07am On Jan 16, 2018
cool
Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by Nobody: 7:35am On Jan 16, 2018
Thumbs up. Good development.


In other news....

Just this morning the keke I entered jammed A Range Rover From Behind
All Of Us, Including The Driver Ran Away!

31 Likes 5 Shares

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by ignis: 7:35am On Jan 16, 2018
When are we going to be number one?

2 Likes

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by Edopesin: 7:36am On Jan 16, 2018
Can't Remember The Last Time I Saw One Not To Talk Of Eating!

6 Likes 1 Share

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by Nobody: 7:36am On Jan 16, 2018
NCAN. Lol. It has a much different meaning on here grin

11 Likes 2 Shares

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by Distevo(m): 7:36am On Jan 16, 2018
How does that devalues dollar

2 Likes

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by CaptainGOOD: 7:36am On Jan 16, 2018
good news at last from $h!thole
Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by chiefolododo(m): 7:36am On Jan 16, 2018
Only if we are saying d truth. In this Buhari's regime, anybody can lie.

4 Likes

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by MrRhymes101(m): 7:36am On Jan 16, 2018
My money o! All the ones I bought in traffic... wedding MC
Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by jidxin(m): 7:37am On Jan 16, 2018
But we are not seeing it's effect

2 Likes

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by Proudlyngwa(m): 7:37am On Jan 16, 2018
This is one thing, Kogi state is blessed with

4 Likes

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by akeentech(m): 7:37am On Jan 16, 2018
All this Paper talk

2 Likes

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by bjayx: 7:38am On Jan 16, 2018
Nice one

2 Likes

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by Celestyn8213: 7:38am On Jan 16, 2018
That is good to hear, but meanwhile the nut is scarce and expensive.
Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by niggi4life(m): 7:38am On Jan 16, 2018
Where d money dey? Where e dey go?

Persin go just dey hear figures up and down... Nonsense!!!

7 Likes

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by Nobody: 7:39am On Jan 16, 2018
LionDeLeo:
Gradually, we shall get there whether enemies of the state like it or not.

Whoever is pained can take a walk to the lagoon, then take a leap.

It is good news...though better if we used the cashew to make industrial products that would generate TEN times more in revenue exported

6 Likes

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by Alexk2(m): 7:39am On Jan 16, 2018
This is absolutely believable with the way hunger drove people out there and some went as far as picking/stealing the nuts from others plantations. It's a good development; it shows we'll gain Much more from this pain; it's all working together for the general good of our country.

2 Likes 1 Share

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by abokibuhari: 7:39am On Jan 16, 2018
Proudlyngwa:
This is one thing, Kogi state is blessed with
With the cursed governor that love rice grin

2 Likes

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by DieBuhari: 7:39am On Jan 16, 2018
basmur:
This cashsew has been one of the wonders of living in the village.. You are so blessed if you it plantation either by yourself or inherited...my village makes million of naira from this product yearly...it harvesting period is is probably another celebration season in the entirel village. It is indeed a CASH CRoP. GLory to the most high.
I guess you are an Igala.
They are make crazy money from cashew there, February to May

6 Likes 1 Share

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by morikee: 7:40am On Jan 16, 2018
Good News if it is true
Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by usba: 7:40am On Jan 16, 2018
Sad that ipob yoots will know no peace because of their love for horrible news and bloodshed.

3 Likes 1 Share

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by maxtop(m): 7:41am On Jan 16, 2018
We only here about the money in $ but it doesn't reflect on the economy. I wonder what they do with all the money.

2 Likes

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by eleojo23: 7:42am On Jan 16, 2018
postbox:
National Cashew Association of Nigeria (NCAN) says Nigeria has emerged fourth largest producer of cashew...

This is the real NCAN and not the fake Name Checkers Association of Nairaland

2 Likes 1 Share

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by JennieCutie4U(f): 7:43am On Jan 16, 2018
where's the cashew na? how come I've not seen or eaten one since the last 6years ehn... all I see is the tiny cashew nuts they sell for 100 or 200 in Lagos traffic...which I don't even buy lol
Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by Felixalex(m): 7:43am On Jan 16, 2018
usba:
Sad that ipob yoots will know no peace because of their love for horrible news and bloodshed.

Sir allow "ipob yoots" n face ur business Na (if u have any)
Stop making making it seem like "ipob yoots" give u sleepless nights or nightmares.

We focus our youthfull energies into these stupidities of online tribal wars n let the old men keep misruling us (tho u don't see them as misruling us sha)

6 Likes

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by eleojo23: 7:44am On Jan 16, 2018
postbox:
National Cashew Association of Nigeria (NCAN) says Nigeria has emerged fourth largest producer of cashew...
Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by straighttalk(m): 7:44am On Jan 16, 2018
Baba's efforts 're paying off. With patience, our position among the committee of nations is assured.

7 Likes

Re: Nigeria Emerges World’s 4th Largest Cashew Producer, Earned N284billion by Nobody: 7:44am On Jan 16, 2018
Naija dey like titles yet it’s still a shithole

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