FG eyes extra foreign exchange earnings from cashew exports

FG eyes extra foreign exchange earnings from cashew exports

The Federal Authorities, the African Cashew Nut Alliance and the Nigerian Nationwide Cashew Nut Affiliation on Wednesday expressed their dedication to creating Nigerian cashew nuts globally aggressive, to extend the nation’s international trade earnings by way of cashew nut exports. .

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

ACA President Babatola Faseru advised the minister that the alliance’s imaginative and prescient was to create a sustainable cashew trade that would supply international competitiveness to make sure profitability for all trade gamers.

He mentioned that by way of the ACA affiliation, which had Nigeria as a member, cashew farmers had acquired help from private and non-private stakeholders, advocacy, linkages, technical help and international networks.

“ACA has efficiently created a platform to speed up development and funding within the African cashew trade,” he acknowledged.

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

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

Ojo knowledgeable the minister that the cashew nut had change into a nationwide staple because it was grown in all 36 states of Nigeria and second solely to cocoa by way of international trade earnings for the economic system.

In his response, the Minister congratulated Faseru on his election as the primary Nigerian to function Chairman of the Board of Administrators of the African Cashew Alliance.

Mahmood mentioned that ACA’s imaginative and prescient of making a sustainable African cashew trade that gives globally aggressive value-added merchandise resulting in job creation was in step with the Federal Authorities’s Cashew Worth Chain Growth Program.

“The cashew nut is without doubt one of the crops promoted throughout the framework of the ministry’s worth chain program, aimed on the sustainable improvement of the trade and guaranteeing its contribution to reaching the final goal of the financial diversification agenda of this administration,” he claimed.

He mentioned that the Federal Ministry of Agriculture and Rural Growth would proceed to collaborate and help all efforts to develop and advance the cashew trade.

To this finish, the minister accepted two technical officers from his ministry to be a part of the Native Organizing Committee of the subsequent ACA convention and to report back to him on the areas the place the ministry’s help could be wanted to hold out efficiently. the occasion.

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

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