Let keep improving on our economy by diversification. Good improvement.

postbox:
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/

As nigeria breaks more n more records, her citizens become poorer n more jobs are lost.

Ayam not understanding

slurity1:
You can get direct bus from Enugu to Akure the capital of Ondo state then get taxi to any place you are going within the state, and if its Ekiti state you are going, then it means that you have to take another bus worth #500 to Ado Ekiti the capital of Ekiti state but you must let the driver know you are going to NYSC camp so that he can drop you in front of the camp gate because the camp is just before getting to main Ado city to avoid you spending double transport fare back. however, about preferred state between Ekiti and Ondo. They are not significantly different from each other but this little way, Ondo is better in terms of better employers but Ekiti is safer in terms of security.

We are really grateful, thank you so much

His effort in Cashew production? I hope you know what Cashew is. If he is making any impact, it will manifest in the next 3 to 4yrs time. It takes cashew tree an average of 5yrs to start bearing fruit. So should I praise the past administration for the achievement?

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

postbox:
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/

^^^^^^
^^^^^^
Great stuff... full steam ahead!

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

Wailers must be gnashing their teeth with the recent success stories saturating our blogosphere.

ejitec16:
how much will you buy 100kg

100kg last year was like N100,000

gurujoe:
Enugu
Kogi
Benue
Nasarawa
Edo
Made this achievement possible

Include Kwara and parts of Osun and Oyo.
Cashew thrives in the derived rain forest and guinea savanna. Which cover parts of south west, south east and the whole north central regions of Nigeria.

basmur:
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.

O42 indigine spotted

visiontech24:
Go and farm

not my line pls

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

they use it to pay their chudrens school fees. What kind of stupid question is this

The time we are in absu, an cashew be our food