NewsDesk Your trusted news source
The National Cashew Association of Nigeria (NCAN) has called on President Bola Tinubu to take urgent action against the illegal export of cashews, which is causing massive revenue losses for the country.
Speaking on Tuesday, NCAN President, Dr. Joseph Ajanaku, accused some Nigerian Customs Service officials of colluding with foreign buyers to export cashews without proper documentation, leading to significant capital flight.
Ajanaku urged the government to strengthen Customs operations and ensure all agricultural exports are properly recorded to boost foreign exchange earnings. He also called for collaboration between Customs and the DSS to track and punish corrupt officials involved in the illegal trade.
Additionally, Ajanaku dismissed claims that Nigeria produces only 100,000 metric tonnes of cashews annually, insisting that the country’s output exceeds 1 million metric tonnes, as reported by the National Agricultural Extension Research and Liaison Service (NAERLS).
