The Nigerian Federal Government to de-risk the cashew nut value-chain to boost production and export

Published 2023년 4월 17일

Tridge summary

The Nigerian government is taking steps to boost the economic potential of cashew export. Despite cashew being the 5th leading non-oil export product in the country, valued at $252 million and accounting for 5.24% of the country’s non-oil export portfolio in 2022, the sector remains under-developed due to challenges such as non-adherence to food safety standards, lack of traceability, low yield per hectare, and poor practices. The Nigerian Export Promotion Council (NEPC) has launched an Organic Cashew Certification Programme in partnership with other organizations to address these issues and increase cashew productivity and efficiency. The project is funded by the USDA and aims to shift from conventional to organic cashew, which commands a niche market and premium pricing. The NEPC has also provided training and support to cashew farmers to improve the sector.

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Original content

The federal government has taken immediate steps to maximise and harness the full economic potential inherent in cashew export. The Executive Director/Chief Executive, Nigerian Export Promotion Council (NEPC), Dr. Ezra Yakusak, said even though Raw Cashew Nut (RCN) emerged as the 5th leading non-oil exportable product valued at $252 million, and accounted for 5.24 per cent of the country’s non-oil export portfolio in 2022, the potential of the sector remained largely under-developed. Speaking at the launch of the Organic Cashew Certification Programme for Exports, organised by the council in collaboration with NICERT, Valency Limited and PRO-Cashew in Abuja, he said Nigeria remained the 4th leading producer of raw cashew nuts in Africa with about 19 producing states “But sadly, we have not maximized and harnessed the full economic potential inherent in cashew export.” The NEPC boss said the country’s cashew export trade was largely hampered by non-adherence to food safety ...

Source: Economicconfidential