Punch Newspapers punchng.com 05 Aug, 2022 02:00 am

FG eyes more forex earnings from cashew exports

FG eyes more forex earnings from cashew exports
The Federal Government, African Cashew Alliance and National Cashew Association of Nigeria on Wednesday expressed their commitment to make Nigeria’s cashew globally competitive, to grow the country’s foreign exchange earnings through cashew exports.

The President, ACA, Babatola Faseru, told the minister that the vision of the alliance was to create a sustainable cashew industry that would deliver global competitiveness to secure profitability for all actors in the industry.“ACA has successfully created a platform for accelerating growth and investments in the African cashew industry,” he stated.The National President, NCAN, Ojo Ajanaku, said the objective of the association was to build a sustainable Nigerian cashew industry for the benefit of all stakeholders in the value chain.Mahmood stated that ACA’s vision of creating a sustainable african cashew industry that delivers global competitive value-added products culminating into jobs creation was in tandem with what the Cashew Value Chain Development Programme of the Federal Government.

He said the Federal Ministry of Agriculture and Rural Development would continue to collaborate and support all efforts to develop and move the cashew industry forward.Mahmood implored ACA and NCAN to continue working together in harmony as this was the only way to achieve positive impact and sustainable development of the cashew industry.

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