Monday 10 February 2020

NIGERIA CAN EARN EXCESS OF N72BILLION YEARLY FROM CASHEW EXPORT, CASHEW STAKEHOLDERS SPEAK


Wow!!! In case you do not know, Nigeria is capable of earning over $200 million (N72billion) yearly from cashew nuts export. This was made known by cashew export stakeholders. That is why you should start cashew export business today and be part of Nigerian exporters that earn that staggering amount of money every year.

The stakeholders made this assertion at the Cashew Stakeholders Export Summit in Abuja. They listed the factors affecting export to include poor link between actors in the value chain, old age of most trees, deforestation, low-yielding varieties, dominance of small holdings and dependence of most farmers on wild varieties.

They also listed land acquisition problems, high cost of inputs, climatic conditions, disease, pest and fire outbreaks, high post-harvest losses, infrastructural constraints, quality and unstable market conditions and lack of access to adequate financing as the factors affecting export.

The Minister of Agriculture and Rural Development, Alhaji Sabo Nanono, who was represented by Hajiya Karima Babangida, said the government was aware of the challenges facing the cultivation and processing of cashew and promised that drastic action would be taken to address them.



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