Nation
Cashew Production Rakes In $500m, FG Confirms
The Minister of Agriculture and Rural Development, Sabo Nanono, has disclosed that Nigeria generated over $500million and provided livelihood for about 300,000 to 500,000 families mostly youths and women.
Nanono disclosed this, at the weekend, after signing a Memorandum of Understanding (MoU) with the United States Department of Agriculture (USDA) West Africa PRO-Cashew Project to develop cashew Agro Industry.
According to him, the initiative will improve productivity, expand the National Hectareage of the crop and most importantly achieve national food and nutrition security, revenue generation, exchange earnings, wealth creation and employment.
Nanono said that government would continue to develop the commodity for export, adding that since in the 1990s, cashew had increased the Nigerian GDP ranking as the second non-oil export foreign exchange earner for the country.
“The commodity has generated about $500million for the country in 2018, providing livelihood for about 300,000 to 500,000 families mostly youths and women in Nigeria.
“The national production capacity of cashew in 2020 was 260,000MT on 100,000ha of land. Average yield was 600kg/ha as against the global average of 1.230kg/ha,” he said
Meanwhile, the Chief of Party/ Managing Director of the USDA West Africa PRO-Cashew Project, Jeans Francois Guay, explained that the project will last for a period of five years and will be implemented by cultivating New Frontiers in Agriculture (CNFA).
According to him, “the project will generate up to $10million investment opportunities, create job, strength public and private partnership, improve trade and cashew farmers’ productivity in the value chain.
“The USDA West Africa PRO-Cashew Project, CNFA will build capacity by working with farmer organisation and agro- good suppliers in the areas of service delivery and business and orchard management.”
Nation
REAN, SON synergise to curb fake renewable energy product
Nation
Self Help Africa programme expands water access for 320,000 Nigerians
Nation
Lagos Residents Stranded As Floods Cut Off Ajah, Mafoluku Communities
-
Politics4 days agoBuhari Administration Originated Fake PFIPC, Budget Office Tells Reps
-
Rivers4 days agoNBA Set To Inaugurate New National Executive In PH
-
Politics4 days agoCHRISTIAN FORUM PASSES CONFIDENCE VOTE ON TINUBU, WIKE, OTHERS
-
Business4 days ago$50m Steel Pipe Facility: NCDMB Lauds Brentex, Assures Industry Patronage
-
Politics4 days agoTinubu Felicitates Umahi @63, Says Works Minister Outstanding
-
Politics4 days agoSpeak For Yourself, Otti Tells Uzodimma Over Tinubu’s Reelection Bid
-
Politics4 days agoVotes Will Count In 2027, INEC Assures Nigerians
-
Politics4 days agoHow I Paved Way For Other Govs To Join APC — Eno
