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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
Wole Olanipekun, Taiwo Oyedele Urge South-West Governors to Maximise Tinubu Presidency for Regional Growth
Senior Advocate of Nigeria (SAN), Wole Olanipekun, and Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, have called on South-West governors and political leaders to fully leverage President Bola Tinubu’s administration to drive accelerated development across the region.
The duo made the call on Monday in Akure, Ondo State capital, while speaking at a public lecture organised as part of activities marking the 50th anniversary of Ondo State’s creation.
They stressed that the South-West must prioritise massive investments in infrastructure, industrialisation, and economic reforms during Tinubu’s tenure to secure long-term regional prosperity.
Olanipekun cautioned that the political advantage of having a South-West president is temporary, noting that President Tinubu’s tenure will come to an end after his second term in 2031.
According to him, the region must act decisively within this window to strengthen its economic base and ensure sustainable development beyond the current administration.

News
BREAKING: Malami Tells Court He Earned ₦12bn+ Legitimately, Seeks Release of Seized Properties
Former Attorney-General of the Federation, Abubakar Malami (SAN), has disclosed details of his earnings while asking a Federal High Court in Abuja to set aside an interim order authorising the seizure of 57 properties allegedly linked to him.
Malami made the disclosure through his counsel, Joseph Daudu (SAN), in a motion on notice filed before the court. The application seeks to vacate an interim forfeiture order affecting three of the 57 properties currently under investigation by the Economic and Financial Crimes Commission (EFCC).
According to the court filing, Malami stated that he had fully and transparently declared his sources of income in his asset declaration submitted to the Code of Conduct Bureau (CCB).
The document outlined multiple income streams, including:
₦374.63 million earned from salaries, estacodes, severance allowances, and related entitlements.
₦574.07 million generated from the disposal of personal assets.
₦10.01 billion recorded as turnover from private business ventures.
₦2.52 billion issued as loans to various businesses.
₦958 million received as traditional gifts from personal friends.
₦509.88 million realised from the launch and public presentation of his book titled “Contemporary Issues on Nigerian Law and Practice: Thorny Terrains in Traversing the Nigerian Justice Sector – My Travails and Triumphs.”
Malami’s legal team argued that the declared earnings sufficiently explain the source of funds used to acquire the properties in question, urging the court to lift the interim seizure order.
The matter remains pending before the Federal High Court as the EFCC continues its forfeiture proceedings.



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.
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