Nigeria's cashew sector challenges remain despite new facilities

3 min read
Nigeria’s Commodity Exchange recently commissioned cashew nuts processing and warehousing facilities at Egume/Ochaja, Dekina Local Government Area of Kogi State to minimise losses incurred as a result of delayed export of the crop.
The facilities are to serve as the point for stacking, weighing, and evacuation of cashew nuts from Niger, Edo, Benue, Kwara, and Kogi States for export.
Nigeria has about 600,000 surviving cashew trees spread across the country, in all parts of the country. Currently, 75 per cent to 80 per cent of cashew nuts produced in Nigeria are exported, as only very few companies are involved in the local processing of the produce. The industry is also a vibrant employer, providing about 600,000 jobs and an annual trade worth N24 billion. The cashew industry is a major contributor to the nation’s non-oil GDP.

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