Cashew Export Ban Bill Threatens Non-Oil FX Earnings

Bill to Restrict Export of Raw Cashew Nuts Threatens Non-Oil Earnings – NCAN - AgroNigeria

Cashew growers across parts of the country have cautioned the Federal Government against moving ahead with plans to restrict the export of raw cashew nuts, saying such a policy could deepen hardship among rural farmers and weaken Nigeria’s growing non oil export base. Speaking in Ilorin, Kwara State, leaders of the National Cashew Association of

Cashew Export Ban Bill Threatens Non-Oil FX Earnings

Cashew farmers under the umbrella of the National Cashew Association of Nigeria (NCAN) have warned that the proposed bill seeking to ban the exportation of cashew nuts could undermine Nigeria’s non-oil foreign exchange earnings, deepen poverty among rural farmers, and weaken the country’s position in the global cashew market. The association, through its leaders in Oyo and Kwara states, said the bill currently before the National Assembly risks …