TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Cashew nut export contributes N50bn to economy – NCAN

meira by meira
August 17 2015
in Latest News, Uncategorized
A A
0
22
SHARES
734
VIEWS
Share on FacebookShare on Twitter

The National Cashew Association of Nigeria (NCAN) has said that export of cashew nuts from the 2015 planting season had contributed about N50 billion to the economy. The association’s spokesman, Mr Sotonye Anga, told newsmen in Lagos that the sub-sector hitherto, contributed about N24 billion in 2013 and 2014.

Anga said the significant growth was because farmers did not compromise on the quality of cashew nuts resulting in increased demand for the produce. “For 2015, because of the significant growth in pricing and increased demand for Nigeria’s cashew, what the cashew sector contributed to the Nigerian economy is about N50 billion.

“That is an improvement in the export of raw cashew. Whereas in 2013 and 2014, the sub-sector contributed about N24 billion. This year, having made the N50 billion mark, the global expectation for the next season is going to increase. “This figure could be more but because of export through our porous borders we could not account for those ones,” he said.

The price of raw cashew nut per metric ton also recorded an increase, selling at N170, 000 during the 2015 season.  The spokesman said that with the increase, farmers were ready to comply with high degree quality control procedure. “With the increased pricing that farmers recorded during the 2015 season, they are right now more ready to comply with high degree quality control procedure.

“Farmers’ compliance level has also increased. We want the market to remain sustainable, viable and strong,” he added. Anga said that preparations were underway for the 2016 cashew season, noting that cashew tree pruning and training was in progress across all cashew producing states. “The cashew sector is preparing for the next cashew season to commence within the next five months.

“What we are doing now is sensitising our members across the country on quality control to enable them to enhance their product quality. “Pruning of cashew trees are ongoing. We hope that with all of these, we will be able to have an increased annual production by at least an additional 30 to 40 per cent.

cashew

Cashew

“We are aggressively working nationwide to be able to have the best quality. Currently, we stand at 140 metric tons per annum,” he said.Anga said that cashew seeds were presently doing very well and more cashew plantations were being commissioned, especially in Kuje area of Abuja.

He told pressmen that buyers from India, Brazil, Vietnam and others were rest assured to have the best of cashew nut come next season. According to him, Brazil is currently having huge crop shortages which means that Nigeria cannot compromise its cashew quality.

He said the association was calling on government to provide additional support, adding that it was expensive to train and revamp old plantations.

“We need more of government involvement, especially in subsidising jute bags to maintain the quality and to eradicate the use of polythene bags and uphold the quality of our cashew.  “So, together, we will be able to boost production across the 27 cashew producing states,” he said. Agency report

Share9Tweet6
Previous Post

SME sector drives economic growth –Fidelity Bank

Next Post

Diamond Bank urges MSMEs to imbibe high financial standards

Related Posts

China backs Nigeria against U.S military invasion threat
Headlines

US plans religious persecutors’ trial as China backs Tinubu

November 5 2025
PDP Crisis: NWC voids suspension of Cross River State chairman
Latest News

BREAKING: Court clears PDP to hold national convention in Oyo

November 4 2025
Tinubu approves licences for 11 private universities
Headlines

Tinubu to announce new ambassadors amid Trump’s threat

November 4 2025
Is the worst over in Nigeria? – Punch
Headlines

Tinubu writes Senate, seeks fresh ₦1.15tr domestic loan to fund 2025 budget deficit

November 4 2025
China backs Nigeria against U.S military invasion threat
Global News

China backs Nigeria against U.S military invasion threat

November 4 2025
Alleged rights breach: Court dismisses Nnamdi Kanu’s N1bn suit
Latest News

Kanu gets Wednesday deadline to open defence in terrorism trial

November 4 2025
Next Post

Diamond Bank urges MSMEs to imbibe high financial standards

Kachikwu meets NUPENG, PENGASSAN leaders today

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Benue APC to receive over 80,000 defecting opposition members  — State Chairman

APC sweeps chairmanship seats in Niger LG poll

by The Editor
November 4 2025
0

...

Imo: Oguta community abolishes Ohu outcaste system

Imo: Oguta community abolishes Ohu outcaste system

by The Editor
November 4 2025
0

...

Oil production: Kogi State demands 13% derivation fund

Kogi fixes October 17, 2026 for LG poll

by The Editor
October 23 2025
0

...

ALGON orders Edo council officials to wear Tinubu’s signature caps

ALGON orders Edo council officials to wear Tinubu’s signature caps

by The Editor
October 18 2025
0

...

APPOINTMENTS

Tinubu appoints 8 new perm secs

Tinubu appoints Nwabueze as tax ombudsman

by The Editor
November 5 2025
0

...

Tinubu seeks Senate confirmation of Enugu Attorney-General as minister

Tinubu seeks Senate confirmation of Enugu Attorney-General as minister

by The Editor
November 4 2025
0

...

INEC Chairman appoints ex-PUNCH editor, Oketola, as Chief Press Secretary

INEC Chairman appoints ex-PUNCH editor, Oketola, as Chief Press Secretary

by The Editor
October 27 2025
0

...

Katsina governor reshuffles state cabinet

Katsina governor reshuffles state cabinet

by The Editor
October 25 2025
0

...

ODDITIES

Kidnappers collect N2.8m ransom, free Abuja woman, two daughters

Woman fakes abduction, demands ₦5m ransom from husband in Edo

by The Editor
November 4 2025
0

Kano Court orders Hisbah to marry off TikTokers over ‘indecent’ videos

Kano Court orders Hisbah to marry off TikTokers over ‘indecent’ videos

by The Editor
October 20 2025
0

Teenager plucks sister’s eyes for ritual in Bauchi

Teenager plucks sister’s eyes for ritual in Bauchi

by The Editor
October 20 2025
0

GLOBAL NEWS

Nigeria continues denial of state-backed religious persecution

Nigeria continues denial of state-backed religious persecution

by The Editor
November 4 2025
0

...

Guinea’s coup leader enters presidential race

Guinea’s coup leader enters presidential race

by The Editor
November 4 2025
0

...

Former US Vice President Dick Cheney dies at 84

Former US Vice President Dick Cheney dies at 84

by The Editor
November 4 2025
0

...

China backs Nigeria against U.S military invasion threat

China backs Nigeria against U.S military invasion threat

by The Editor
November 4 2025
0

...

Trump stirs global tensions with surprise nuclear test order

Trump stirs global tensions with surprise nuclear test order

by The Editor
October 30 2025
0

...

State of the States

Kano Assembly moves to enforce use of mother tongue in schools

Kano Assembly moves to enforce use of mother tongue in schools

by The Editor
November 4 2025
0

...

Lagos govt clears shanties, reclaims Costain Bus Stop

Lagos govt clears shanties, reclaims Costain Bus Stop

by The Editor
October 31 2025
0

...

Niger governor donates N1m each to families of tanker explosion victims

Niger governor donates N1m each to families of tanker explosion victims

by The Editor
October 24 2025
0

...

Oyo denies introduction of entertainment tax on social events

Oyo denies introduction of entertainment tax on social events

by The Editor
October 23 2025
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Tinubu appoints 8 new perm secs

Tinubu appoints Nwabueze as tax ombudsman

November 5 2025
China backs Nigeria against U.S military invasion threat

US plans religious persecutors’ trial as China backs Tinubu

November 5 2025
Nigeria continues denial of state-backed religious persecution

Nigeria continues denial of state-backed religious persecution

November 4 2025
Guinea’s coup leader enters presidential race

Guinea’s coup leader enters presidential race

November 4 2025

EDITORIAL REVIEW

Senate confirms new service chiefs

Agenda for new Service Chiefs – The Sun

by The Editor
November 4 2025
0

Service Chiefs: Let the changes count – Punch

Service Chiefs: Let the changes count – Punch

by The Editor
October 27 2025
0

Trivialising the prerogative of mercy – Punch

Trivialising the prerogative of mercy – Punch

by The Editor
October 24 2025
0

Beyond words: Nigeria needs a new plan against terror – Guardian

Beyond words: Nigeria needs a new plan against terror – Guardian

by The Editor
October 23 2025
0

Kwara govt plans mass burial for unclaimed corpses

Curbing the expansion of terrorism into Kwara – Punch

by The Editor
October 23 2025
0

Opinion

Dear Senator Tinubu, Buhari has thrashed us all!

If a coup happens in Nigeria, who will fight for democracy?

by The Editor
October 23 2025
0

...

Tinubu finds his own demons

Next time, Umahi should go to NTA

by The Editor
October 16 2025
0

...

Objections over presidential pardon for grave offenders

Objections over presidential pardon for grave offenders

by The Editor
October 13 2025
0

...

1975 public service purge: What have we learnt?

1975 public service purge: What have we learnt?

by The Editor
September 30 2025
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2024 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2024 TheCitizen Ng. All Rights Reserved.