{"id":244411,"date":"2023-01-26T07:24:52","date_gmt":"2023-01-26T06:24:52","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=244411"},"modified":"2023-01-26T07:24:52","modified_gmt":"2023-01-26T06:24:52","slug":"nigeria-made-250m-from-cashew-nut-exports-in-2022-says-fg","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/01\/26\/nigeria-made-250m-from-cashew-nut-exports-in-2022-says-fg\/","title":{"rendered":"Nigeria made $250m from cashew nut exports in 2022, says FG"},"content":{"rendered":"<p>The federal government has disclosed that Nigeria generated over $250 million from cashew nuts export in 2022.<\/p>\n<p>This was made known by\u00a0<span class=\"acssf62a8\">Mohammed Abubakar, minister of agriculture and rural development at the Nigerian cashew day and cashew season event.<\/span><\/p>\n<p><span class=\"acssf62a8\">Represented by Ernest Umakhihe, permanent secretary of the ministry, Abubakar added that the crop is also expected to bring about $500 million to farmers in 2023.<\/span><\/p>\n<p><span class=\"acssf62a8\">The programme, themed, \u201cindustrialising the Nigeria cashew sector through inclusive policies\u201d, was held on Tuesday in Abuja.<\/span><\/p>\n<p><span class=\"acssf62a8\">Abubakar said the agro-product has grown in importance as an export-oriented cash crop since the 1990s and have become an important source of <a href=\"https:\/\/www.withinnigeria.com\/news\/2023\/01\/15\/nepc-non-oil-exports-revenue-hit-4-82bn-in-2022-up-by-40\/\">non-oil export<\/a> income.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cIt is estimated to represent over 10 percent of GDP based on export data of 2022 and it is becoming a commercial crop in Nigeria and is cultivated in 27 states including the FCT,\u201d NAN quoted Abubakar as saying.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cIn realisation of the importance of cashew, the federal government through the federal ministry of <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/11\/17\/former-minister-of-agriculture-shettima-mustafa-is-dead\/\">agriculture<\/a> and rural development, listed cashew as a priority crop.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cIt is being promoted under the import substitution strategy of the present administration led by President Muhammadu Buhari.\u201d<\/span><\/p>\n<p><span class=\"acssf62a8\">Abubakar said cashew was among the crops being promoted under the value chain programme of the ministry.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cThe ministry had carried out a number of activities over the years to promote the growth of the value chain in the country including the distribution of improved seeds\/seedlings to cashew farmers free of charge,\u201d he said.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cEstablishment of cashew cottage industries in some states, distribution of agro-chemicals\/growth enhancers, carbon free jute bags and knapsack sprayers.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cOthers were provision of\u00a0 water pumps to cashew farmers, conducting capacity building\/training for cashew farmers and having sensitisation exercises.\u201d\u00a0<\/span><\/p>\n<p><span class=\"acssf62a8\">On his part, Ojo Ajanaku, president, National Cashew Association of Nigeria (NCAN), said the country is steadily becoming an export hub, taking over at least 11 percent of the country\u2019s foreign exchange trading over the past three years.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cThis implies that the sector has the potential to drive national revenue generation, increase job creation and diversify the economy,\u201d he said.\u00a0<\/span><\/p>\n<p><span class=\"acssf62a8\">Ajanaku said more than 3 million people in Nigeria, especially women, have become cashew producers, driving the sector among male producers.<\/span><\/p>\n<p>\u201cNCAN\u2019s long term goal is to transform Nigeria from a low-priced commodity producer to a reliable supplier and exporter of high quality cashew products, adopt indigenous innovations and policies that will drive the sector,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The federal government has disclosed that Nigeria generated over $250 million from cashew nuts export in 2022. This was made known by\u00a0Mohammed Abubakar, minister of agriculture and rural development at the Nigerian cashew day and cashew season event. Represented by Ernest Umakhihe, permanent secretary of the ministry, Abubakar added that the crop is also expected [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":244414,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[16587],"tags":[55906,44724,2133,10436,55907],"class_list":["post-244411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-cashew-nut","tag-exportation","tag-federal-government","tag-muhammadu-buhari","tag-nigeria-cashew-sector"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria made $250m from cashew nut exports in 2022, says FG<\/title>\n<meta name=\"description\" content=\"The federal government has disclosed that Nigeria generated over $250 million from cashew nuts export in 2022\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2023\/01\/26\/nigeria-made-250m-from-cashew-nut-exports-in-2022-says-fg\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria made $250m from cashew nut exports in 2022, says FG\" \/>\n<meta property=\"og:description\" content=\"The federal government has disclosed that Nigeria generated over $250 million from cashew nuts export in 2022. 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