• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, May 15, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Agriculture

Nigeria targets $500m revenue from cashew export in 2023 –NEPC

Cashew

The Matters Press by The Matters Press
April 14, 2023
Reading Time: 2 mins read
0
RMRDC, varsity collaborates on cashew juice processing

The Nigerian Export Promotion Council (NEPC) on Thursday in Abuja, reiterated the Federal Government’s commitment to increase cashew export earnings from $252 million to $500 million in 2023.

RELATED POSTS

Nigeria First policy, unique, revolutionary – TMSG

Group seeks action against the menace of fake news, deliberate falsehood

Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

The Executive Director/CEO of NEPC, Dr Ezra Yakusak said this at the inauguration of the organic cashew certification programme in Nigeria for export.

The five-year programme between NEPC, Nicert, Valency Limited and PRO-Cashew is designed to accelerate growth in the non-oil export sector by supporting the Nigeria cashew sector.

He said that the initiative would facilitate a gradual shift from conventional cashew to organic ones which export guarantees niche market and premium pricing.

According to Yakusak the aim of the project is to support the Nigeria cashew sector and increase cashew productivity and efficiency, improve crop quality and improve harvest and post -harvest techniques.

While noting that Nigeria exported 315,677 metric tonnes of raw cashew nuts worth 252 million dollars, which accounts for 5.24 per cent of Nigeria’s non-oil export portfolio in 2022, Yakusak said there was the need for value-addition.

“In 2022, our non-oil performance export performance indicated that cashew was the 5th leading non–oil exportable product in Nigeria.

“We felt that we need to encourage this product and ensure that the potential from cashew is better harnessed.

“We exported cashew worth about 252 million dollars in 2022 and with the launch of the project we hope to double it this year,’’ Yakusak said.

He, however, expressed concern that the full economic potential inherent in cashew export had not been harnessed, despite the product being 5th leading non-oil exportable product in Nigeria in 2022.

Yakusak said that the initiative would address issues plaguing the Nigeria cashew sector.

According to him, Nigeria’s cashew export trade was largely hampered by non-adherence to food safety standards, lack of traceability, low yield per hectare, poor practices, ageing trees among others.

On her part, Ms Annabel Kamuche, Group Managing Director, Nicert, a private organisation providing international certification for export products, said that Nigeria could reduce reliance on harmful and toxic chemicals by choosing organic farming methods.
Kamuche said that Nigeria could also promote soil health while creating a healthier and more resilient food system.

“As we continue to face challenges related to climate change and environmental degradation, it is critical that we adopt sustainable practices that minimise harm to the planet and support local communities.

“It is thing of pride for Nigeria that it has started making mark in the usage of organic products where apart from cashew, crops like turmeric, honey sesame, soybean, hibiscus are gaining substantial grounds.

“Nicert is confident that in the coming years, Nigeria will be among the front runners in the global organic sector with more value chains participating in organic agriculture,’’ Kamuche said.

Tags: Cashew
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

IMPI releases new policy statement in defence of the Nigerian economy
Economy/Technology

Nigeria First policy, unique, revolutionary – TMSG

May 15, 2025
Economy/Technology

Group seeks action against the menace of fake news, deliberate falsehood

May 14, 2025
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

May 13, 2025
Rescued victims of human from Cote D Ivoire arrive Nigeria
Foreign

Rescued victims of human from Cote D Ivoire arrive Nigeria

May 11, 2025
Northern governors, traditional rulers call for accelerated action against Insecurity
News

Northern governors, traditional rulers call for accelerated action against Insecurity

May 11, 2025
Smile finally visits nurses, now on enhanced salary entry point
Economy/Technology

As enrollment of nurses peaks at 115,000, Nigeria ready to outsource medical personnel to the world – TMV

May 10, 2025
Next Post
IFAD invests US$459m in Nigeria to reduce poverty

IFAD commits $604.6m to Nigeria’s agriculture

UN deputy chief calls for global financial reform to achieve SDGs

UN deputy chief calls for global financial reform to achieve SDGs

Recommended Stories

Job loss fear confirmed as more AI tools launch

Payment solution provider launches App to boost diaspora transfer

August 23, 2023
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%

Petroleum experts, Content board hail Dangote Petroleum Refinery’s technology

April 18, 2022
Kenya-US trade deal a potential model for Africa

Nigeria’s Occupational Health and Safety plan will improve productivity in workplace

November 16, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria First policy, unique, revolutionary – TMSG
  • Group seeks action against the menace of fake news, deliberate falsehood
  • Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us