The Zonal Controller, Nigeria Export Promotion Council (NEPC), Mr George Enyiekpon says the agency will create no fewer than 344,000 new jobs through the “One State One Product Initiative.’’
He disclosed this in Ibadan at a training workshop on cashew production with the theme: “ ‘’Maximising the Potentials of Cashew from the Farm gate to the Market.’’
The News Agency of Nigeria (NAN) reports that the workshop was held in collaboration with the Oyo State Ministry of Agriculture and Rural Development.
NAN also reports that the programme was held against the backdrop of calls for the diversification of the economy.
Enyiekpon said that an increase of 20 percent from the current production figure of cashew would create more than 344,000 jobs and generate $75 million additional income for the country.
“ It is interesting to note that the cashew sector has the potential of earning $ 2 billion annually in the next five years and capable of engaging the unemployed,’’ he said.
He said that the workshop was aimed at showcasing best practices in the cashew value chain for farmers, agricultural extension agents, processors and exporters.
“Cashew is one of the 13 national products chosen by Nigeria to drive the non -oil export sector.
“Nigeria is the sixth largest producer of raw cashew nut in the world, with the product grown in almost all states in Nigeria,’’ he said.
He said Nigeria’s cashew attracts the lowest price in the global market as a result of some challenges which include low peel ability, poor quality, lack of traceability arising from fragmented value chain and poor skills among workers in the sector.