Nigeria earns $450m annually from cashew exports

Nigeria earns $450m annually from cashew exports
Cashew nut fruits growing on tree

The President, African Cashew Alliance (ACA), Babatola Faseru, has said that Nigeria earns at least $450 million yearly from cashew exports.

He said the alliance would work hard to increase the earnings through value addition instead of moving to export the unprocessed produce. 

Faseru stated this on Monday at a media briefing held in Abuja.

According to him, with value addition, more jobs would be created for the teeming jobless youths. 

He said a three-day conference, which be held in Abuja this week, with participants from other African countries, would deliberate more on how best value addition would be created to boost Africa’s earnings from cashew. 

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