A significant boost is on the horizon for Nigeria's cashew industry as the Bill to establish the National Cashew Production and Research Institute has passed its first reading in the 10th National Assembly.
Sponsored by Senator Jibrin Isah Echocho of Kogi East, the proposed institute in Idah aims to enhance cashew research, processing, and production, benefiting both local and export markets.
With Kogi State leading Nigeria's cashew production, this initiative is expected to improve quality standards, attract investments, and create job opportunities across the cashew value chain.
The bill seeks to empower farmers and business owners by ensuring better pricing, increased production efficiency, and global competitiveness.
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The Kogi State House of Assembly has also urged the government to regulate and protect cashew farmlands, preventing exploitation by foreign traders and safeguarding local economic interests.
This move aligns with the State's efforts to enhance agricultural policies, ensuring that cashew farmers receive better support and the industry remains a strong revenue source.
For SMEs in agribusiness, this development presents new opportunities for value addition, export potential, and increased profitability.
Entrepreneurs can leverage research-driven innovations, improved processing techniques, and access to new markets, ultimately positioning Nigeria's cashew sector as a global leader.
