{"id":15679,"date":"2013-01-31T23:06:00","date_gmt":"2013-01-31T23:06:00","guid":{"rendered":"http:\/\/ghana-mma.com\/2013\/01\/poor-cashew-products-packaging-costs-nigeria-huge-forex-jobs-agric-minister\/"},"modified":"2013-01-31T23:06:00","modified_gmt":"2013-01-31T23:06:00","slug":"poor-cashew-products-packaging-costs-nigeria-huge-forex-jobs-agric-minister","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2013\/01\/31\/poor-cashew-products-packaging-costs-nigeria-huge-forex-jobs-agric-minister\/","title":{"rendered":"Poor cashew products packaging costs Nigeria huge forex, jobs \u2013 Agric Minister"},"content":{"rendered":"<div readability=\"77\">\n<p>Poor handling of cashew locally has cost Nigeria huge loses in foreign exchange,\u00a0 Dr Akinwumi Adesina, the Minister of Agriculture and Rural Development, has said.<\/p>\n<p>Adesina made the observation at the second Stakeholders and Action Plan Formulation Forum organised by the National Cashew Association of Nigeria (NCAN) on Wednesday in Lagos. He said the situation also denied the country of employment opportunities.<\/p>\n<p>The minister was represented by Mr Olusi Adegbola, a Federal Director in the ministry. Adesina said that increasing cashew production of 120,000 tonnes by 20 per cent would create more than 344,000 jobs.<\/p>\n<p>\u201cNigeria exports about 80 per cent of her annual cashew production in its raw form to India and Vietnam; only less than 20 per cent is processed locally.\u201d<\/p>\n<p>Though with low processing capacity, Nigeria still compares favourably well with the West African average of five to six per cent and East Africa\u2019s of about 30 per cent.<\/p>\n<p>\u201cThe study showed the multiplier effect of raw cashew nuts sold at 1,000 dollars will create 50 new jobs and household income of 1,143 dollars in the local economy.\u201d<\/p>\n<p>The minister added that processing only 50 per cent of Nigeria\u2019s raw cashew nut annually would generate an additional income of 14 million dollars. Processing 50 per cent of Nigeria\u2019s RCN annually would generate an additional income of 14,160,000 dollars basically for youths and women living in rural communities,\u201d he said.<\/p>\n<p>Adesina said that cashew has been added to the nine other crops being promoted by the Federal Ministry of Agriculture and Rural Development under the Agricultural Transformation Agenda (ATA) in 2013.<\/p>\n<p>The minister, while commending the association, said that the cashew industry had enormous potential, if grown sustainably as a major cash crop in Nigeria. He advised the association to continue to partner with other affiliate associations.<\/p>\n<\/div>\n<p>Comments are moderated. Please keep them clean and brief.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Poor handling of cashew locally has cost Nigeria huge loses in foreign exchange,\u00a0 Dr Akinwumi Adesina, the Minister of Agriculture and Rural Development, has said. Adesina made the observation at the second Stakeholders and Action Plan Formulation Forum organised by the National Cashew Association of Nigeria (NCAN) on Wednesday in Lagos&#8230;<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15679","post","type-post","status-publish","format-standard"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2013\/wp-json\/wp\/v2\/posts\/15679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2013\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2013\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2013\/wp-json\/wp\/v2\/comments?post=15679"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2013\/wp-json\/wp\/v2\/posts\/15679\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2013\/wp-json\/wp\/v2\/media?parent=15679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2013\/wp-json\/wp\/v2\/categories?post=15679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2013\/wp-json\/wp\/v2\/tags?post=15679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}