Clearly, the cashew business is a lucrative one with an estimated return range of between 30 to 40 per cent within 3-5 years of cultivation which is no small margin of profit.

Nigeria currently is the 6th largest producer of cashew globally and has proven to those in the value chain to be a profitable enterprise.

The breakdown of cashew nut export shows that cashew nuts, in shell that was exported in the review year was N38. 36 billion, while that which is shelled was valued at N7 billion, last July.

In the second quarter of 2020, exported nuts valued at N45. 88 billion, with the highest quantity recorded.

This statistics shows that it is one of the leading cashew nut exporting countries worldwide in 2020, based on export value.

In 2020, Senegal was the leading exporter of in shell cashews worldwide, with exports amounting to a value of over 38.59 million U.S. dollars.

More: https://devcomradar.org/boosting-nigerias-cashew-nut-industry/