500,000 Households Earned $500m Cashew Export – FG

The Federal Authorities has launched its readiness to offer consideration to the event of cashew agro-industry in Nigeria.

The federal authorities disclosed this on Sunday, February 14 revealing that it’s placing the nation’s funds from the export of cashew at $500m.

In line with the Minister of Agriculture and Rural Growth, Sabo Nanono, who disclosed the event yesterday, the enterprise was to help about 500,000 households all by means of the nation.

Naija Knowledge understands that Nanono disclosed this in Abuja when he penned his signature on a Memorandum of understanding with the US Division of Agriculture West Africa PRO-Cashew Enterprise.

An announcement from the Federal Ministry of Agriculture and Rural Growth, issued by an officer contained in the press division, Okeh Juliet outlined that the initiative would enhance productiveness, broaden the nationwide hectarage of the crop and purchase nationwide meals and meals routine safety, income know-how, alternate earnings, wealth creation and employment all by means of the nation.

“Nanono informed (his guests) that government’s focus is to continuously and sustainably develop the commodity for export because since the 1990s cashew has increased the Nigerian Gross Domestic Domestic ranking as the second non-oil export foreign exchange earner for the country,” the assertion acknowledged.

The ministry added, “It (cashew export) generated about $500m for the country in 2018, providing livelihood for about 300,000 to 500,000 families mostly youths and women in Nigeria.”

Nanono disclosed additional that “Currently, the national production capacity of cashew in 2020 is 260,000 metric tonnes on 100,000 hectares of land. Average yield is 600kg/ha as against the global average of 1.23kg/ha.”

To commenced the enterprise collaboration with the USDA West Africa PRO-Cashew enterprise, Nanono constituted the Cashew Worth Chain Working Committee to look into the issues and challenges affecting the expansion of the sub-sector in Nigeria. He talked concerning the committee with the help of USDA West Africa PRO-Cashew Enterprise would develop a 10-year strategic plan for Nigeria cashew enterprise.

In a single completely different knowledge, the Comptroller-Main of the Nigeria Immigration Service, Muhammad Babandede has said that there were no armed herdsmen in Nigeria, Naija Knowledge critiques.

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