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FG Will Set Up Cashew Processing Facilities In Four States – Ogbeh
The federal government plans to establish cashew processing facilities in four states in order to add value to the products and create employment and prosperity in the country.
Chief Minister Audu Ogbeh, Minister of Agriculture and Rural Development, said in an interview with the Nigeria News Agency (NAN) in Abuja. Ogbeh said the move would also reduce the waste of cashews and delay the export of raw nuts from the country.
According to him, we are currently wasting an estimated 8 million tons of cashews every year.
He said that the long-term solution to the delay in the export and storage of cashews in ports is for Nigeria to be an exporter of finished
products and not of raw materials.
Ogbeh listed the states where the plants would be installed to include Enugu, Benue, Kogi and Oyo.
“The challenge is usually access to credit because a good line of cashew processing will cost around two million dollars to do something like 10 to 20 tons per day.We aim to establish at least one plant each in Enugu and Benue , two plants each in the states of Kogi and Oyo, these are the main producers of cashew now.
“We want to assure those interested in the cashew that in our next level activities, we intend to stop the export of raw nuts and process all our cashew nuts here and we hope, by the grace of God, to have one or two plants ready before next year.
“We’re talking to Brazilians now, we want to bring machines from Brazil to process the cashew fruit in juice that has a high vitamin C content.
“It’s very good for our health because we are currently losing approximately eight million tons of cashew nuts per year, throwing them away,” he said.
Ogbeh added: “That’s what the West African Cashew Association told me, only in Nigeria, that we wasted eight million tons.
“This is our concern, we are very concerned with this development, but later in the year, I will have a meeting with the producers of cashew nuts and the farmers’ association to sit down with the CBN and get help.”
The minister, who lamented that the country has been a major importer of goods and services, said the government is determined to change the trend.
“The challenge that Nigeria faces is that we have been an importing nation that has destroyed our economy.
“We want to change now and become a nation of exporters.
“We have to find unorthodox ways to find capital for those who want to grow these industries because, on their own, they can not meet the conditions of banks and financial institutions.
“It is impossible for them to raise the necessary capital, which is why the CBN initiatives are very important for us, we have been working with them and we are achieving results.”
“The treasure of Nigeria, including the CBN, has to find a way to overcome obstacles, mountains, rivers, blocking our path to industrial growth.
“If not, we will remain perpetually poor and permanently unable to create wealth and create jobs for our people,” he said.The federal government plans to establish cashew processing facilities in four states in order to add value to the products and create employment and prosperity in the country.
Chief Minister Audu Ogbeh, Minister of Agriculture and Rural Development, said in an interview with the Nigeria News Agency (NAN) in Abuja. Ogbeh said the move would also reduce the waste of cashews and delay the export of raw nuts from the country.
According to him, we are currently wasting an estimated 8 million tons of cashews every year.
He said that the long-term solution to the delay in the export and storage of cashews in ports is for Nigeria to be an exporter of finished
products and not of raw materials.
Ogbeh listed the states where the plants would be installed to include Enugu, Benue, Kogi and Oyo.
“The challenge is usually access to credit because a good line of cashew processing will cost around two million dollars to do something like 10 to 20 tons per day.We aim to establish at least one plant each in Enugu and Benue , two plants each in the states of Kogi and Oyo, these are the main producers of cashew now.
“We want to assure those interested in the cashew that in our next level activities, we intend to stop the export of raw nuts and process all our cashew nuts here and we hope, by the grace of God, to have one or two plants ready before next year.
“We’re talking to Brazilians now, we want to bring machines from Brazil to process the cashew fruit in juice that has a high vitamin C content.
“It’s very good for our health because we are currently losing approximately eight million tons of cashew nuts per year, throwing them away,” he said.
Ogbeh added: “That’s what the West African Cashew Association told me, only in Nigeria, that we wasted eight million tons.
“This is our concern, we are very concerned with this development, but later in the year, I will have a meeting with the producers of cashew nuts and the farmers’ association to sit down with the CBN and get help.”
The minister, who lamented that the country has been a major importer of goods and services, said the government is determined to change the trend.
“The challenge that Nigeria faces is that we have been an importing nation that has destroyed our economy.
“We want to change now and become a nation of exporters.
“We have to find unorthodox ways to find capital for those who want to grow these industries because, on their own, they can not meet the conditions of banks and financial institutions.
“It is impossible for them to raise the necessary capital, which is why the CBN initiatives are very important for us, we have been working with them and we are achieving results.”
“The treasure of Nigeria, including the CBN, has to find a way to overcome obstacles, mountains, rivers, blocking our path to industrial growth.
“If not, we will remain perpetually poor and permanently unable to create wealth and create jobs for our people,” he said.

News
MAN Urges Federal Government to Stop NAFDAC’s Sachet Alcohol Ban, Warns of ₦1.9 Trillion Loss
The Manufacturers Association of Nigeria has appealed to the Federal Government to restrain the National Agency for Food and Drug Administration and Control from proceeding with its ban on alcoholic beverages packaged in sachets and small PET bottles, warning of catastrophic economic consequences.
In a statement issued by Director-General Segun Ajayi-Kadir, MAN described NAFDAC’s renewed enforcement action as detrimental to indigenous industrial operators and fundamentally inconsistent with earlier government directives.
The manufacturers’ body emphasized that NAFDAC’s recent move directly contradicts the House of Representatives resolution dated March 14, 2024, which specifically restrained the agency from implementing the punitive ban following comprehensive stakeholder consultations through a public hearing.
“Rather than abiding by the generally agreed resolution, NAFDAC bided its time and chose to rely on a resolution of the Senate that was devoid of the usual stakeholders’ engagement,” Ajayi-Kadir stated, noting that operators now face confusion over conflicting directives from different arms of government.
MAN warned that enforcing the ban would devastate Nigeria’s manufacturing sector, threatening over ₦1.9 trillion in existing investments and triggering the retrenchment of more than 500,000 direct employees alongside approximately five million workers in the indirect value chain.
The association cautioned that the restriction would paradoxically undermine public health by creating market opportunities for illicit, substandard and unregulated products beyond the control of regulatory authorities.
“This is counterproductive as it will open up the market for illicit, sub-standard, and unregulated products. It will lead to an influx of imported alternatives, mostly smuggled. It will deny the government of revenues collectable from the companies,” Ajayi-Kadir declared.
The manufacturers’ group emphasized that alcohol served in sachets by local producers is manufactured under hygienic conditions and certified by regulatory agencies including NAFDAC itself, making the ban particularly contradictory.
MAN also challenged the untested assertion that sachet alcohol drives underage consumption, citing credible and empirical research that contradicts this claim. The industry has independently invested over ₦1 billion in nationwide media campaigns promoting responsible alcohol consumption and discouraging underage abuse.
The association stressed that banning certified products would deny adult consumers with limited budgets access to regulated alcoholic beverages while simultaneously depriving the government of substantial tax revenues.
Food, Beverages and Tobacco Senior Staff Association and National Union of Food, Beverages and Tobacco Employees have joined MAN in opposing the ban, demanding that NAFDAC provide empirical evidence that sachet alcoholic beverages are being consumed by children.
Labor unions have called for the suspension of NAFDAC Director-General Professor Mojisola Adeyeye, accusing her of siding with multinational companies to undermine local manufacturers.
However, NAFDAC has maintained its position, with Adeyeye insisting that enforcement is backed by law following the Senate’s unanimous resolution setting a December 2025 deadline that has now passed.
The NAFDAC chief argued that the proliferation of high-alcohol-content beverages in sachets has made such products easily accessible, affordable and concealable, contributing to widespread misuse and addiction among minors and commercial drivers.
“This public health menace has been linked to increased incidences of domestic violence, road accidents, school dropouts, and social vices across communities,” Adeyeye stated, describing the ban as protective rather than punitive.
In contrast, civil society organization Socio-Economic Rights and Accountability Project has approached the Federal High Court in Lagos seeking injunctive orders to prevent the Federal Government from interfering with NAFDAC’s statutory powers to enforce the ban.
SERAP argues that continued circulation of sachet alcohol violates the National Health Act 2014, the NAFDAC Act and international commitments under the World Health Organization’s Global Strategy to Reduce Harmful Use of Alcohol.
The legal and economic battle over sachet alcohol highlights deeper tensions between public health regulation, economic survival and stakeholder consultation in Nigeria’s policymaking process, with no clear resolution in sight as multiple court cases and regulatory actions unfold simultaneously.
News
Shettima: Tinubu’s Reforms Rebuilding Nigeria’s Global Credibility, Restoring International Confidence
Vice President Kashim Shettima has declared that President Bola Tinubu’s economic reforms are successfully rebuilding Nigeria’s international reputation and restoring global investor confidence that had eroded over years of policy inconsistency.
Speaking at the formal opening of Nigeria House during the 2026 World Economic Forum in Davos, Switzerland, Shettima emphasized that the establishment of the country’s first sovereign pavilion at the prestigious gathering represents concrete evidence of Nigeria’s renewed seriousness about engaging the global economy.
“Nigeria House is a response to the lapses of the past. It reflects our intention, our seriousness, and above all, it advertises both our readiness and our resolve to take a front-line seat in the discourse of the global economy, not as observers, but as participants with a clear sense of purpose and place,” the Vice President stated.
Shettima explained that the tangible benefits of the Tinubu administration’s challenging but necessary reforms are beginning to materialize, pointing to macroeconomic indicators that demonstrate fundamental improvement in Nigeria’s economic trajectory.
According to the Vice President, Nigeria’s economy expanded by approximately 3.9 percent in 2025, marking the fastest growth rate recorded in over a decade, driven primarily by a resilient non-oil sector that now accounts for roughly 96 percent of gross domestic product.
“Services, agriculture, finance, and technology are expanding, while non-oil revenues now make up nearly three-quarters of government collections, marking a structural shift away from oil dependence,” Shettima noted, adding that this diversification strategy positions Nigeria for sustainable long-term prosperity.
The Vice President revealed that inflation, which stood above 30 percent in late 2024, eased significantly by the conclusion of 2025, while external buffers improved with foreign reserves rising above 45 billion dollars and greater stability emerging in the foreign exchange market.
He emphasized that Nigeria’s decision to open up to the world more deliberately comes at a critical turning point in the country’s economic journey, with reform dividends becoming increasingly visible across multiple sectors.
Minister of Industry, Trade and Investment Dr. Jumoke Oduwole reinforced Shettima’s assessment, stating that Nigeria under the current administration is rebuilding trust, restoring credibility and positioning itself as a global center for wealth creation and strategic partnership.
The minister applauded the Vice President’s support in realizing the historic vision for Nigeria House Davos, describing the project as a demonstration of strong public-private partnership that reflects the rejuvenation of Nigeria’s economy and showcases national pride.
At a separate engagement, Shettima told participants at a high-level panel discussion titled “When Food Becomes Security” that Nigeria, renowned as the African giant, has awakened from its slumber under Tinubu’s dynamic and purposeful leadership.
The Vice President expressed optimism that with ongoing Renewed Hope Agenda reforms, the coming months will witness greater climate adaptation moving from pilot projects to reality, as well as a boom in intra-African trade far beyond the current 10.7 percent baseline.
Speaking at the inaugural convocation ceremony of the Professionals’ Certification Programme at the Presidential Villa in Abuja, Shettima revealed that foreigners now choose to participate in professional training courses in Nigeria, citing this trend as evidence that global confidence in the country is being restored.
“The ongoing reforms of President Tinubu’s administration are beginning to restore the confidence of the global community in Nigeria,” the Vice President stated, emphasizing that transparent procurement practices and institutional strengthening form critical pillars of the reform agenda.
Nigeria House Davos, according to Shettima, represents a deliberate action to consolidate the gains of Tinubu’s economic transformation efforts through high-level engagements targeted at attracting investments in the country’s non-oil sector.
The Vice President stressed that while government can open doors, create frameworks and de-risk environments, only private enterprise can animate growth, scale opportunity and translate policy into productivity, calling on the private sector to drive Nigeria’s economic renaissance.
Upon returning to Abuja from his week-long diplomatic and economic mission that included stops in Guinea-Conakry and Switzerland, Shettima declared that Nigeria has reclaimed a frontline seat in global and regional policy conversations.
News
“I Can Decide To Revoke The Land Allocated To Onitsha Main Market And Build A School On It” — Gov Soludo
Anambra State Governor, Professor Chukwuma Charles Soludo, has sparked fresh controversy after stating that he has the constitutional power to revoke the land allocated to Onitsha Main Market and repurpose it for public use, including building a school. The governor made the remark while addressing market leaders amid the ongoing dispute over the continued Monday sit-at-home observed by traders in the state.
Soludo recently ordered the closure of Onitsha Main Market for one week after traders allegedly complied with sit-at-home directives despite the state government’s ban on such actions. He described the practice as “economic sabotage” and warned that the government would no longer tolerate disruptions to commercial activities in Anambra, one of Nigeria’s major economic hubs.
According to the governor, the Land Use Act empowers the state to revoke land allocations for overriding public interest, adding that affected owners would be compensated and could challenge the compensation in court if dissatisfied. He further warned that shops that remain closed could be sealed, fined, or taken over by the government and reassigned to willing traders.
The decision has generated mixed reactions, with critics accusing the government of punishing ordinary traders and worsening economic hardship, while supporters argue that enforcing a full business week is necessary to restore economic stability and investor confidence in the state. Some lawmakers and stakeholders have also urged the governor to adopt dialogue and caution, citing potential losses and unrest from prolonged market closures.
As tensions continue, the development highlights the broader struggle between government authority, security concerns, and economic survival in the South-East, with Onitsha Main Market—one of West Africa’s largest commercial centres—at the centre of the storm.

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