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He made this call in an interview with newsmen
in Abuja. According to him, “At the moment there is no
law to guide the import and export of cashew as a raw material from Nigeria.”
Ajanaku reiterated the importance of
having policies regulating the cashew industry to save it from exploitation by
foreigners.
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“As a country, we do not have
any law, no single policy at all guiding the industry’s stakeholders, or guiding
importation and exportation. In India for instance, there is a policy that you
cannot have more than a certain amount of cashew in your possession, otherwise
you would be prosecuted, but here, you see people abusing cashew and destroying
the juice. Enacting these laws would also help preserve cashew as a Nigerian
raw material, among Nigerians; and regulate the industry on a global and local
level,” he said.
According to Ajanaku, the cashew
industry is massive, which has not been fully maximized; and was yet to be
exploited in terms of meeting consumers demand.
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“Currently, we produce only
220,000 tonnes of cashew yearly, but with more favourable policies, we would
have less wastage of the seed and meet up with local and foreign demand. It would
also save the cashew juice from wastage, and as an association, we would get
more land for expansion, which will in turn create more job opportunities,” Ajanaku said.
He made it clear that favourable
government policies can help build the cashew industry and make it a competing
product in the international market.
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