Abubakar, who was represented by the ministry’s Permanent Secretary, Dr. Ernest Umakhihe, spoke on Tuesday in Benin during the launch of Nigeria Cashew Day and the kick-off of cashew season, with the theme:” Industrialising the Nigeria Cashew Sector Through Inclusive Policies.”
He said: “At the end of 2022, cashew nuts exported from Nigeria generated over $250 million, which accounted for about 10 percent of the country’s agricultural export.
Other Top Stories:
- 75% of Nigerian Children can’t read or solve a basic mathematics problem- UNICEF
- Airtel Launches eSIM
- JUST IN: CBN Raises Monetary Policy Rate
- Seadogs knock NASS for approving 2023 ‘anti-people’ budget
Cashew export is expected to fetch Nigerian farmers about $500 million by 2023.
“I implore you to continue working together in harmony, as this is the only way you can make a positive impact towards sustainable development of the cashew industry and ensuring its contribution in achieving the overall goal of this administration’s economic diversification agenda.NYSC portal
“In Nigeria, cashew is increasing in its importance as an export-oriented cash crop since the 1990s. It has become an important source of non-oil export earnings.
“Cashew has become a commercial crop in Nigeria. It is cultivated in 27 states, including the Federal Capital Territory (FCT).
“In realisation of the importance of cashew, the Federal Government, through the Federal Ministry of Agriculture and Rural Development, listed cashew as a priority crop to be promoted, under the Import Substitution Strategy of the present administration led by President Muhammadu Buhari.
“Out of the 250,000 metric tonnes of cashew nuts produced in Nigeria, only about 10 percent is processed, while Raw Cashew Nuts (RCN) are sold to cashew buying agents for export and cashew apple eaten raw, and the rest wasted, because of inadequate facilities to process other cashew derivatives, for example, cashew juice, jam, and ice cream, among others. This means exporting Nigerian jobs to other countries.”JAMB Result
Check JAMB Result
Check and Confirm: How much is Dollar to Naira
