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/

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.

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.

cool

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!

When are we going to be number one?

Can't Remember The Last Time I Saw One Not To Talk Of Eating!

NCAN. Lol. It has a much different meaning on here

How does that devalues dollar

good news at last from $h!thole

Only if we are saying d truth. In this Buhari's regime, anybody can lie.

My money o! All the ones I bought in traffic... wedding MC

But we are not seeing it's effect

This is one thing, Kogi state is blessed with

All this Paper talk

Nice one

That is good to hear, but meanwhile the nut is scarce and expensive.

Where d money dey? Where e dey go?

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

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

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.

Proudlyngwa:
This is one thing, Kogi state is blessed with

With the cursed governor that love rice

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

Good News if it is true

Sad that ipob yoots will know no peace because of their love for horrible news and bloodshed.

We only here about the money in $ but it doesn't reflect on the economy. I wonder what they do with all the money.

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

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

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)

Baba's efforts 're paying off. With patience, our position among the committee of nations is assured.

Naija dey like titles yet it’s still a shithole