www.africa-agri-market.com - 🌰 Cashew Industry Presents $10bn Non-Oil Revenue Opportunity 💰🇳🇬

The cashew industry has been identified as a significant contributor to Nigeria’s economic diversification efforts, with the potential to generate over $10 billion in non-oil revenue annually. Industry stakeholders note that rising global demand for cashew nuts, combined with Nigeria’s favorable climate and expanding production capacity, positions the country as a key player in the international cashew market 🌍. 

Increased investment in local processing is expected to reduce raw exports, add value to the supply chain, and boost foreign exchange earnings. Experts also highlight the sector’s ability to create thousands of jobs across farming, processing, packaging, and logistics 👩🏽‍🌾🏭. 

With improved infrastructure, access to finance, and supportive government policies, the cashew industry could play a vital role in strengthening Nigeria’s agricultural exports and reducing dependence on oil revenues. As efforts intensify to diversify the economy, stakeholders believe cashew production and processing offer a sustainable pathway to long-term growth and economic resilience 📈.