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  • Cashew producers lament foreigners’ intrusion

    Feb 11th, 2014

    <p></p><p>WorldStage Newsonline--The National Cashew Association of Nigeria (NCAN) on Tuesday lament allege intrusion of some foreigners into the sector to sabotage Nigeria's economy, calling on government at all levels to go into cashew productionSpeaking at the flag off of 2014 cashew season in Akure, the Ondo state Chairman of the association, Mr. Gbemi Lukman, said there was the need to invest heavily in the commudity to further boost the nation’s foreign earnings.</p> <p>Lukman noted that the kind of attention being given to cocoa by governments should be extended to cashew, saying the country had capacity to produce higher than the present production volume.According to him, there was the need for government to diversify the economy of the country and desist from making it a monolithic one.The secretary of the association, Kola Balogun, accused foreigners from India of sabotaging cashew sector with their activities. </p><p>He lamented that the Indian traders had formed themselves into cartel to dictate the price at which the product would be sold.Balogun noted that the foreigners no longer wait for the produce at their warehouse or stores but now go to farm gate, where he alleged that innocent farmers were being short-changed.He observed that instead of them going through the Local Buying Agents (LBA), they now moved into the farm gate, which according such development was not allowed anywhere in the world.<br></p><p></p>


    Source: http://www.worldstagegroup.com
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