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Nigeria could earn $22.2 million by supplying cashews to Walmart

Zoom in font  Zoom out font Published: 2017-07-04  Views: 19
Core Tip: Nigeria is set to supply 130,000 tonnes of roasted cashew nuts, valued at USD $22,204,821, to the Walmart Super Market chain in the United States of America.
Nigeria is set to supply 130,000 tonnes of roasted cashew nuts, valued at USD $22,204,821, to the Walmart Super Market chain in the United States of America.

This was revealed by the Minister of Agriculture, Audu Ogbe, on Wednesday while briefing State House correspondents after the meeting of the Federal Executive Council at the State House Presidential Villa Abuja.

“Their demand is a 130,000 tonnes of cashew nuts per annum, the total value is $22 million,” he said.

Mr. Ogbe said that Nigeria currently ships the nuts to Vietnam, who in turn roast and sell to the U.S.

“This year we are going to create six cashew processing factories in Nigeria, one each to be sited in Enugu, Imo, Benue, Kogi, Kwara and Oyo states. These are the cashew belt for now,” he said.

The minister said these options are coming now because Nigeria is beginning to focus on non-oil exports.
 
keywords: cashew nuts
 
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