Nigeria: Cashew Production - Investors Invited to consider the potential

Kwara State, situated in central Nigeria, is an excellent location for the growing and processing of cashew nuts. The Kwara State Government is inviting investors to consider the opportunities available in the cashew sub-sector.
Project Details
Nigeria is the world's 4th largest producer of raw cashew but there is still plenty of room for increased production. Kwara State has a favourable warm and humid climate for the growing of cashew trees.
Investors interested in processing activities can decide on whether to grow their own cashew or buy from local growers. Olam Nigeria Limited recently showed its faith in the sub-sector by investing in a cashew processing factory at Ogbondoroko in the state.
Market
Investors will have a ready market in Nigeria with its population of close to 150 million. Nigeria enjoys preferential trade agreements with the ECOWAS (Economic Community of West African States) countries. Opportunities for export to America and the EU also exist. The soon to be completed cargo terminal at Ilorin International Airport will further simplify the transport of goods from Kwara State.
Incentives
The Kwara State Government is committed to create an enabling environment for investors and have introduced a number of incentives. These include assistance with obtaining land, the provision of all required infrastructure (roads, electricity, water) and various tax incentives.
Contact Details Investors interested in this project should contact Segun Olanipekun, Special Assistant to the Executive Governor, Kwara State (Investments)

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