Nigeria’s annual earnings from the production and sale of cashew increased to about $450m, the African Cashew Alliance and the Federal Government stated on Monday.
Also, the Federal Government announced plans to develop 22,910 metric tonnes of cashew processing plants, with the target of creating one million jobs through the value chain.
The President, Board of Directors, African Cashew Alliance, Babatola Faseru, said Nigeria had been able to raise its earnings from cashew to $450m annually but stressed that the target was to increase this to $4bn.
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