NCAN: Cashew Production in Nigeria can Generate Over $2.7 billion Annually.

0 126

According to Mr. Joseph Ajanaku, President of the National Cashew Association of Nigeria (NCAN), Nigeria could earn about $2.7 billion annually by raising its production capacity to roughly 1 million metric tonnes.

He insisted that more than 80 of the 109 senatorial districts in the nation could support cashew farming.

But he added that the association is advocating for a national strategy that will draw in and support both domestic and foreign investment for the cashew sector.

“We can cultivate cashews in Nigeria because of our comparative advantage and competitiveness”.

Ajanaku noted additional difficulties that limit cashew production and said that the cashless policy is having an impact on cocoa farmers’ output because the majority of them are illiterate and lack bank accounts.


Leave A Reply