November 18, 2017

Tapping into Nigeria’s N24bn cashew trading, export

Nigeria’s cashew trading and export, currently worth N24 billion, still has more room for investors, according to Sotonye Anga, public relations officer, National Cashew Association of Nigeria (NCAN). “The industry which is worth about N1 trillion in terms of assets and volume of activities has over 1 million people who depend on it directly and indirectly, and there is still room for investors,” says Anga. He explains, “Currently, Nigeria has about 600,000 surviving cashew trees spread across the East West, South and Northern Nigeria, with an average yield of about 200kg to 400kg per hectare but over 80 percent of…