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  • Faseru is VP African Cashew Alliance

    Oct 2nd, 2015

    <p></p><p>National President, National Cashew Association of Nigeria (NCAN), Tola Faseru, has been elected Vice –President, African Cashew Alliance (ACA). <br></p> <p>He is the first Nigerian to occupy the position on the Executive Committee (EC) of ACA, the association’s governing body. <br></p> <p>The EC is elected every two years by a General Assembly of registered and paid-up ACA members, usually during the ACA Annual Conference. <br></p> <p>He was elected during the Ninth ACA World Cashew Festival &amp; Expo which held between September 21 and 24 at Maputo, Mozambique. Mozambique is the second largest producer of cashew nuts in East Africa. <br></p> <p>The Chairman, Colossus Investments Limited, said his election would open doors for more Nigerians to make in-roads into the continental cashew market. <br></p> <p>According to him, international cashew kernel demand is active, there is need to sustain the campaign for improved farming and processing techniques to ensure the country presents higher cashew grades. <br></p> <p>He said Nigeria can produce about 500,000 tons/year of raw cashew, adding that this can only be achieved if cashew cultivation is increased from the national output of about 200,000. Further sector development has however, he noted, has continued been hampered by low production levels, low cashew quality and the lack of quality standards. <br></p> <p>This has weakened international consumer confidence which has in turn left the nation’s cashew value chain at a disadvantage. Besides, he deplored the limited access to financing and high credit interests, hindering investments in local cashew processing.</p><p>The industry, he added, may not reach its full potential to deliver sustainable and inclusive growth without strong, coordinated action around export strategies that take full account of the different policy frameworks governing cashew export.<br></p><p></p>


    Source: www.thenationonlineng.net/faseru-is-vp-african-cashew-alliance/
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