FG Eyes $4bn Annually from Cashew Exports Country currently has 15 active processing plants with estimated capacity of 55,750 metric tonnes James Emejo in Abuja The federal government yesterday said it was working to improve the country’s earnings from cashew exports to about $4 billion annually. Nigeria currently generates about
$450 million from the export of the commodity which had been described as too low for the country. Speaking at a media briefing on the 16th Annual Conference of the African Cashew Alliance holding in Abuja, the Minister of
Industry, Trade and Investment, Mr. Niyi Adebayo, also said the country currently produces about 260,000 metric tonnes of cashew nuts annually, adding that plans were ongoing to raise the annual production capacity to over 500,000
metric tonnes. He added that out of the current production figure of 260, 000 metric tonnes, 180, 000 metric tonnes are traded as raw cashew nuts. Represented at the event by the ministry’s Permanent Secretary, Dr.
Evelyn Ngige, the minister said the conference would sensitise Nigerians on the investment opportunities that abound in the cashew value chain as well as the benefits accruable from the hosting of the event in the country.
Adebayo said there was a myriad of investment opportunities in the cashew sub-sector which could generate immense wealth and employment for Nigerians, stressing Continued on page 10
Ekweremadu’s Daughter Appeals to Public-spirited Persons for Kidney Donation... Page 8 Tuesday 13 September, 2022 Vol 27. No 10017. Price: N250
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Nigeria Had Special Place in Queen Elizabeth's Heart, Says Laing... Page 10
Buhari: Despite Our Challenges, Other Nations Still Believe in Nigeria’s Potential President, Tinubu cheer Fayemi on election as Africa's regions' leader Deji Elumoye in Abuja President Muhammadu Buhari says in spite of the security challenges facing Nigeria, other countries,
especially, in Africa, still believe in the country’s immense potential. Buhari congratulated Ekiti State Governor Kayode Fayemi on his recent election as President
of the Forum of Regions of Africa (FORAF), in his capacity as Chairman of Nigeria Governors’ Forum (NGF). The presidential candidate of
All Progressives Congress (APC), Asiwaju Bola Tinubu, also cheered on the selection of the Ekiti governor as FORAF president, saying the honour is beyond him as an
individual but for the entire country. The election was held after a conference in Casablanca region, Morocco, at the weekend. Speaking yesterday while host-
ing a delegation, which included Fayemi, Governor Abdullahi Sule of Nasarawa State, and their Kano Continued on page 10
The Economist: Nigeria Missing Out On Rare Global Oil Boom Opportunity Says woeful economy contributing to violence Describes N4bn Tompolo contract as bizarre Prosecute suspected oil thieves, Senate orders military, security chiefs Falana: I have evidence govt knows those behind crude oil theft, smuggling Obi estimates N1.3trn worth of crude oil stolen Emmanuel Addeh, Sunday Aborisade and Emameh Gabriel in Abuja Nigeria has continued to waste the rare opportunity presented by the
global rise in oil prices to grow its economy like other oil-producing countries, London-based The Economist has stated. Continued on page 10
Air Strikes Hit Terrorists' Hospitals in Sambisa Forest... Page 35
CLIMATE ENVOY AT THE VILLA...
President Muhammadu Buhari (L) welcoming the United States Special Presidential Envoy for Climate , Sen John Kerry to the State House in Abuja where he hosted the visiting envoy to dinner... yesterday PHOTO: SUNDAY AGHAEZE.