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PRESENTATIONS

KEYNOTE ADDRESS DELIVERED BY THE HONOURABLE MINISTER, FEDERAL MINISTRY OF INDUSTRY, TRADE AND INVESTMENT, DR. OKECHUKWU ENELAMAH AT THE OCCASION OF THE NATIONAL CASHEW FESTIVAL AND AWARDS AS WELL AS ANNUAL FLAG-OFF OF THE 2016 CASHEW SEASON, AT THE KWARA STATE BANQUET HALL, ILORIN, ON 29TH FEBRUARY,

Protocols,                      

I am delighted to be part of this unique occasion of the National Cashew Festival and awards as well as Annual Flag-Off to mark the beginning of 2016 Nigerian Cashew Trading Season. This is one of the initiatives of National Cashew Association of Nigeria (NCAN) to consolidate on the gains recorded so far in the cashew industry. I am indeed encouraged by the passion demonstrated by the stakeholders in cashew industry.

2.     Our presence here today is an indication that we are ready to embrace the change in the industrial sector through the Nigeria Industrial Revolution Plan (NIRP) as a key towards diversifying our economy for growth that will translate to the general well-being of our people. I am therefore delighted to be part of this remarkable gathering representing our resolve to redirect our economy from dependence on oil to non-oil exports particularly processed agricultural commodities for growth and sustainable development.

3.     Distinguished Ladies and Gentlemen, the National Cashew Festival and the Annual Cashew Season Flag-off with the theme: ’’Cashew: A game Changer for the Nigerian Economy’’ is quite apt and a pointer to the fact that stakeholders in the Cashew subsector have embraced the new order in the cashew business. As you are aware, currently the nation’s annual production of raw cashew nuts is about 150,000mt and the volume of production is expected to increase to 300,000mt in the next four years with an increased target of 37,500mt annually. Presently Nigeria is the 4th largest producer of raw cashew nuts in Africa and 7th in the world, after India, Ivory Coast, Vietnam, Brazil, Tanzania and Guinea Bissau and this is because of the diligent efforts of the Association and cashew farmers as a whole. It is my sincere hope and believe that you use this unique forum to chart and evolve a blueprint that would harness cashew potentials to attract investment, and increase its value chain in order to sustain economic diversification.

4.     As you aware Nigeria is processing only about 50,000mt which is 33.3% of its total production. I therefore challenge the stakeholders to ensure that they meet the 50% processed target of its total production within the next few years. Not adding value to the cashew locally is costing Nigeria huge losses in form of foreign exchange and employment opportunities, for example raw cashew nut is sold between $800-$900/mt while processed cashew is sold for $6,000/mt. Other problems plaguing the cashew industry include seed production, packaging and marketing of the commodity. This National cashew festival will no doubt offer opportunities for participants to address some of the issues affecting Cashew business in Nigeria particularly processing, packaging and marketing.

5.     Ladies and Gentlemen, the Nigeria Industrial Revolution Plan developed by my Ministry is our nation’s first strategic, comprehensive, and integrated roadmap to industrialization. History has shown that no country has ever become rich by exporting raw materials without an industrial sector, and in modern terms an advanced services sector. NIRP is designed as a five year plan to accelerate the build-up of industrial capacity within Nigeria. It focuses on developing sectors, including agricbusiness where Nigeria has a natural comparative advantage, and ensuring that industry in general becomes competitive.

6.     Export Expansion Grant (EEG) is a post- shipment export incentive scheme that is designed to induce non-oil exporters whose minimum annual export turnover is N5million. The scheme is aimed at assisting exporters to expand their volume and value of non-oil exports, diversify export markets and to make them more competitive in international markets. Government is presently reviewing the scheme in order to better achieve its objectives.

7.     Nigeria is richly endowed with abundant agricultural products available in every state of the federation. However, limited capacity for processing and preservation, results in huge losses and wastages. In a bid to tackle this problem, Bank of Industry (BOI) is establishing a Cottage Agro-Processors (CAP) Fund to support the establishment of cottage agro processing plants that will produce food products and raw materials for industries across Nigeria. The Fund will be accessed by Limited Liability Companies, Enterprises and Cooperative Societies engaged in the processing of agricultural products either into finished food products or raw materials for industry or for the export market. The products are; Cassava, OilPalm, Rice,Paddy, Groundnut, Yam, Maize,  Sorghum,  Livestock, Aquaculture,  Cocoa, Shea nut, Plantain, Tomato and including cashew. The fund is targeted at small-and medium-scale industries at the low-technology, labour-intensive end of the spectrum and is expected to finance about 1000 projects at nine percept interest charges, with total management fees of 1%, a tenor of five (5) years with a moratorium of six (6) months.

8.     Distinguished Ladies and Gentlemen, as you may wish to note, National Cashew Association of Nigeria (NCAN) is one of the Commodity Associations nurtured, registered and launched by my Ministry.      I wish to seize this opportunity to commend the passion and determination of the National Cashew Association of Nigeria to revive the industry. It is pertinent to note that we have not developed our cashew industry the way we should have done, but with the resolve of the officials in taking the bull by the horn, is very encouraging.

9. I am aware that at this national cashew festival, honorary awards would be given to deserving Cashew Ambassadors who have consistently supported the cashew sector in the development of the cashew industry is a worthy course that will not only encourage awardees to do more but also challenge others to contribute optimally towards the development of the industry.

10.   Finally, I wish to first and foremost, thank His Excellency, Abdulfatai Ahmed, the Executive Governor of Kwara State for hosting the National Cashew Festival and the warm reception accorded participants since their arrival as well as the National Cashew Association of Nigeria (NCAN) for organizing this very important event.

11.   I wish you all a fruitful festival and a flourishing 2016 Cashew Season.

12.   Once again, thank you and God bless.

-Admin   -Sat, 03 Dec 2016  Read (330) times  

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I thank God for this opportunity to present this paper at  this conference today, It is a privilege that is rare to come-by considering the caliber of people and experience in an area so well known to them. I thank God for making cashew, in my perspective, a twin of the palm tree for no other reason than its all round usefulness.

How true can this be? I will not belabour us on the value of cashew nut which is of economic importance at the world market, or the oil of the nut shell being utilized by many industries for production of lubrication oil etc.

The leaves have been found to be medicinal in the treatment of hypotension and bronchitis. It is also useful as natural toothpaste. The bark is known for its use as a contraceptive and  in the treatment of diarrhea, fluid retention, nerve and memory problems.(1)

Uses of cashew apple

The cash in the bin is the apple otherwise known as a false fruit. Many authors have proposed that less than 10% of cashew is being util

[ ... ]


-Admin  - Sat, 03 Dec 2016  Details   Read (322)  times
  

Protocol

I am delighted to be here in your midst today to deliver the keynote address at this National Cashew Festival. Your decision to hold this festival is both appropriate in the choice of time and place. The timing is apt as Nigeria is currently passing through a period of economic transition, accompanied by dwindling fortunes from oil revenue. The choice of Ilorin is appropriate as it is situated in one of the agro-ecological zones notable for cashew production. With the global downturn in the oil economy, it is most fitting and proper for Nigeria to take a hard look at the non-oil economy and begin to unlock the latent potential in it. Thankfully, Nigeria is blessed with abundant non-oil resources, particularly in agriculture, and these have been playing a significant part in the economy of Nigeria in recent time.

Agriculture alone has been recorded as contributing as much as 42 per cent to Nigeria’s annual GDP, and agricultural commodities traded at high volume in t

[ ... ]


-Admin  - Sun, 06 Nov 2016  Details   Read (833)  times
  
 
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