FG eyes more forex earnings from cashew exports

The Federal Authorities, African Cashew Alliance and Nationwide Cashew Affiliation of Nigeria on Wednesday expressed their dedication to make Nigeria’s cashew globally aggressive, to develop the nation’s international trade earnings via cashew exports.

They made the dedication throughout a courtesy go to by ACA and NCAN to the Minister of Agriculture and Rural Growth, Abubakar Mahmood, in Abuja.

The President, ACA, Babatola Faseru, advised the minister that the imaginative and prescient of the alliance was to create a sustainable cashew trade that will ship international competitiveness to safe profitability for all actors within the trade.

He said that via the ACA partnership, which had Nigeria as member, cashew producers had obtained help from each private and non-private stakeholders, advocacy, linkages, technical help and international networking.

“ACA has efficiently created a platform for accelerating development and investments within the African cashew trade,” he said.

The Nationwide President, NCAN, Ojo Ajanaku, stated the target of the affiliation was to construct a sustainable Nigerian cashew trade for the advantage of all stakeholders within the worth chain.

“Our members are cashew farmers, merchants, processors, exporters, researchers, and all service suppliers within the cashew worth chain,” he said.

Ojo knowledgeable the minister that cashew had turn out to be a nationwide commodity because it was grown within the 36 states of Nigeria and second to cocoa when it comes to international trade earnings to the economic system.

In his response, the minister congratulated Faseru on his election as the primary Nigerian to occupy the workplace of the President, Board of Administrators, African Cashew Alliance.

Mahmood said that ACA’s imaginative and prescient of making a sustainable african cashew trade that delivers international aggressive value-added merchandise culminating into jobs creation was in tandem with what the Cashew Worth Chain Growth Programme of the Federal Authorities.

“Cashew is among the many crops being promoted below the ministry’s worth chain programme geared in direction of sustainable improvement of the trade and making certain its contribution in reaching the general objective of this administration’s financial diversification agenda,” he said.

He stated the Federal Ministry of Agriculture and Rural Growth would proceed to collaborate and help all efforts to develop and transfer the cashew trade ahead.

To this finish, the minister authorised two technical officers in his ministry to be a part of the Native Organizing Committee of the forthcoming ACA convention and to report again to him in areas the ministry’s help could be wanted for the profitable internet hosting of the occasion.

Mahmood implored ACA and NCAN to proceed working collectively in concord as this was the one approach to obtain optimistic influence and sustainable improvement of the cashew trade.