
NEPC - No fewer than 350,000 new jobs will be created in the next five
years if the new Cashew Export Strategy being promoted by the Nigerian
Export Promotion Council (NEPC), the National Cashew Association of
Nigeria and the United States Agency for International Development
(USAID) is properly implemented, an official has said.
The Executive Secretary/ Chief Executive Officer of NEPC Mr Olusegun
Awolowo said the development would scale-up the volume of cashew
production in Nigeria from its present 120,000 tonnes a year to 300,000
tonnes in the next four years in order to export it.
"As the 6th largest producer of raw cashew nut in the world, and with
cashew grown in almost all states in Nigeria, an increase of 20 percent
from our current production figure would create more than 344,000 jobs,
and $75, 875,000 additional income to the nation".

Mr Awolowo said. Mr Alf Monaghan, the Chief of Party for USAID/Nigeria
Expanded Trade and Transport Programme (NEXTT), charged Nigerian
exporters to build the brand of local products to enable them attract
premium pricing in the international market.
The President of the National Cashew Association of Nigeria (NCAN), Mr
Tola Faseru, expressed the hope that the support from NEPC and USAID
would help the industry to achieve its potentials. "The cashew sector
has the potential of earning $2billion annually within the next five
years," he said.
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