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The National President of National Cashew Association of Nigeria (NCAN), Mr. Tola Faseru, has announced plans by the association to embark on a Special Cashew Production Scheme (SCP) in 10 designated States within the nation, even as he said NCAN would position the Nigerian cashew industry as a key revenue generating sector ranking close to oil.
He pointed out that currently, NCAN members who are generating over N23 billion in export revenue, were poised to raise cashew revenue to more than N250 billion annually.
Faseru stated that the pilot States are Abia, Cross River, Kogi, Kwara, Oyo, Nasarawa, Osun, Delta, Akwa-Ibom and Edo, adding that each of these States would be making available 1,000 hectares of land for the scheme.
The NCAN boss explained that under the scheme, a processing plant will be established in each of the States to be fed by the cashew plantations, pointing out that the scheme would provide jobs and wealth creation opportunities for the country’s teeming unemployed youths through 25,000 new job opportunities.
He added that the scheme would not only provide new jobs, but will also promote entrepreneurship because it was structured to make the workers owners of the farms, disclosing that the Governor of Kwara State, Alhaji Abdulfatah Fatai Ahmed has given the go-ahead for the scheme to start off in Kwara State even as he noted that Kwara State was a proud major producer of cashew in Nigeria.
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