Minister of Agriculture and Rural Development, Sabo Nanono, has signed a Memorandum of Understanding (MoU) with the United States Department of Agriculture (USDA), West Africa PRO-Cashew Project to develop the Cashew Agro-Industry.
This was contained in a statement on Sunday, signed by Mrs. Okeh Juliet in Abuja.
The Minister stated that the initiative will improve productivity, expand the National Hectareage of the crop and most importantly achieve National food and nutrition security, revenue generation, exchange earnings, wealth creation and employment in the country.
Nanono said that the government’s focus is to continuously and sustainably develop the commodity for export because, since the 1990s, cashew has increased the Nigerian GDP ranking as the 2nd Non-oil export foreign exchange earner for the country and generated about $500Million for the country in 2018, providing a livelihood for about 300,000 to 500,000 families mostly youths and women in Nigeria.
According to the statement, “Currently the National production capacity of Cashew in 2020 was 260,000MT on 100,000ha of land. The average yield was 600kg/ ha as against the global average of 1.230kg/ha. He added that the initiative would help the Ministry achieve the targeted increased production capacity from 260,000MT in 2020 to 350,000MT by 2023 and processing capacity from 15% in 2020 to 35% by 2023.
“In order to kick start the collaboration with USDA West Africa PRO-Cashew project, the Minister constituted the Cashew Value Chain Working Committee to look into the problems and challenges affecting the growth of the Value Chain in the country. According to him, the committee with the support of USDA West Africa PRO-Cashew Project is to develop a 10-Year Strategic Plan for the Nigeria Cashew project.
“The members of the committee include the various stakeholders in the Cashew Value Chain, chaired by Mr. Roland Oroh, Managing Director, the Nigeria Agribusiness Registrar and Mrs. Karima Babangida, Director, Federal Department of Agriculture (FDA) as a member.”
He emphasised the need for the USDA West Africa PRO-Cashew Project and other stakeholders to achieve the above objectives as it would help the country formulate the right programmes, guide future interventions and woo investors to grow the value chain. In his presentation, the Chief of Party/ Managing Director of the USDA West Africa PROCashew Project, Mr. Jeans Francois Guay, informed that the project is a five years West Africa Cashew project (PRO-Cashew), Implemented by cultivating New Frontiers in Agriculture (CNFA), an international development organization headquartered in Washington, DC.
He added that through the USDA West Africa PRO-Cashew Project, CNFA will build capacity by working with Farmer organisations and agro- good suppliers in the areas of service delivery and business and orchard management.
He explained that the project is capable to catalyze up to $10 million investment opportunities, create jobs, strengthen public and private partnerships, improve trade and cashew farmers’ productivity in the value chain.
In her remarks, Director, Federal Department of Agriculture (FDA), Mrs. Karima Babangida thanked USDA West Africa PRO-Cashew Project its intervention strategies to improve the Cashew sector in Nigeria and the West Africa Sub-region. She also informed that Nigeria has been selected alongside Benin, Burkina Faso, Cote d’ lvoire for the project.
Other stakeholders present at the event include; Dr.Adeola Patrick, the Executive Director Cocoa Research Institute of Nigeria (CRIN), Mr. Bishnu Pattanaik of Huxley, Mr. Olu Adeyemi, (Manager West Africa, GrainPro Inc.) and Hon. Ojo Ajanaku, President of National Cashew Association of Nigeria (NCAN).
