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Nigeria To Supply Walmart With $6 Billion Worth Of Cashew Nuts by froz(m): 7:39pm On Jun 30, 2017 |
Nigeria is set to supply 130,000 tonnes of roasted cashew nuts valued at $7 billion to Walmart Super Market chain in the United States of America, USA, the Minister of Agriculture, Audu Ogbe, has said. The minister diclosed this on Wednesday while briefing State House correspondents after the meeting of the Federal Executive Council at the State House Presidential Villa Abuja. Mr. Ogbe said, “But the other good news is cashew nuts. These things look small, but we are in conversations with Walmart, the biggest supermarket chain in the U.S., they came here and asked us to roast cashew nuts for them. “Their demand is a 130,000 tonnes of cashew nuts per annum, the total value is $7 billion,” he said. Mr. Ogbe said what Nigeria currently does is ship the nuts to Vietnam, who in turn roast and sell to the U.S. “This year we are going to create six cashew processing factories in Nigeria, one each to be cited in Enugu, Imo, Benue, Kogi, Kwara and Oyo states. These are the cashew belt for now,” he said. The minister said these options are coming now because Nigeria is beginning to focus on non-oil export. “Once you can diversify your economy, if something goes wrong in one sector you can hang on to the other,” he said. Mr. Ogbe had earlier said Nigeria will formally flag off the export of yam to the UK on Thursday. He said the government is also looking to use yam for industrial starch for the textile industry and for export to China. He added that India is also asking Nigeria for the supply of beans. He said the beans market in India alone is about $100 billion. “When the Indian Vice President came here, he asked me to visit so we could talk, so the market in Agric is huge, the prospects are large; it’s about improving on our strategies at home and getting all our states to get involved, not all of them are doing what they ought to be doing now,” the minister said. SOURCE: https://brandspurng.com/nigeria-to-supply-walmart-with-6-billion-worth-of-cashew-nuts/ 1 Like 1 Share
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Re: Nigeria To Supply Walmart With $6 Billion Worth Of Cashew Nuts by hodusglobal(m): 7:50pm On Jun 30, 2017 |
I agreed with the supplies of the Cashew nuts to foreign countries, but not our Yam...Nigerians needs more yam to chop o. |
Re: Nigeria To Supply Walmart With $6 Billion Worth Of Cashew Nuts by hodusglobal(m): 7:52pm On Jun 30, 2017 |
I agreed with the supplies of the Cashew nuts to foreign countries, but not our Yam...Nigerians needs more yam to chop o. |
Re: Nigeria To Supply Walmart With $6 Billion Worth Of Cashew Nuts by Nobody: 7:22am On Jul 01, 2017 |
If we had this much cashew nuts, y is it not cheap as groundnuts locally. |
Re: Nigeria To Supply Walmart With $6 Billion Worth Of Cashew Nuts by bizzibodi(m): 2:19pm On Jul 01, 2017 |
hodusglobal:my frd get a land & farm yams even 100 pieces will do yo stomach a lot of good,u dnt want yam farmers to earn $$ b/c of yo stomachsake? 1 Like |
Re: Nigeria To Supply Walmart With $6 Billion Worth Of Cashew Nuts by Pavore9: 2:56pm On Jul 01, 2017 |
hodusglobal: Yam farmers are not allergic to foreign currencies! 1 Like |
Re: Nigeria To Supply Walmart With $6 Billion Worth Of Cashew Nuts by Nobody: 3:48pm On Jul 01, 2017 |
Yams going international, we don dey divert from the OP topic. 1 Like |
Re: Nigeria To Supply Walmart With $6 Billion Worth Of Cashew Nuts by Nobody: 5:25am On Jul 04, 2017 |
Still boils down to proper follow up |
Re: Nigeria To Supply Walmart With $6 Billion Worth Of Cashew Nuts by Nobody: 7:28am On Jul 06, 2017 |
ok |
Re: Nigeria To Supply Walmart With $6 Billion Worth Of Cashew Nuts by Nobody: 4:19am On Jul 10, 2017 |
ok |
Re: Nigeria To Supply Walmart With $6 Billion Worth Of Cashew Nuts by Nobody: 5:42am On Jul 11, 2017 |
I love Cashews |
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