Exporters raise alarm over $300m cashew nuts trapped in Lagos ports

Exporters raise alarm over $300m cashew nuts trapped in Lagos ports

- Cashew nuts valued at $300 million have been trapped at the Lagos ports

- Nigerian exporters on the federal government to come to their aid over the congestion

- According to the exporters, the delay is likely to affect the output target of 260,000 tonnes

Nigerian exporters said cashew nuts valued at $300 million have been trapped at the Lagos ports calling on President Muhammadu Buhari to come to their aid over the congestion.

This Day reports that Tola Fasheru, president of Nigeria cashew exporters association, said the fruits from last year’s harvest are still in containers on trucks waiting to enter the ports or on wharves.”

Fasheru said: “Roads to Lagos ports are badly congested, with hundreds of lorries queuing to enter the premises and either deliver or pick goods. In addition, inadequate capacity and infrastructure, stifling red tape and corruption are hampering export processes.

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“There is a palpable lack of synergy among the port operators and this is affecting the business of our members.”

They are no longer willing to give us fresh contracts. The delay is likely to affect the output target of 260,000 tonnes for the current season, which started in February and will end in July.

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“Not one single cashew exporter is in the field now as he is owing on contracts and as a result has no money to operate with.”

Recall that Legit.ng reported that President Buhari in Daura promised to introduce new programmes and projects that will make agriculture more attractive to Nigerians and increase jobs in the sector.

President made this known when he was speaking to representatives of community and development associations from Daura Emirate in Katsina state who came to his home to congratulate him on his re-election.

President Buhari said: ‘‘Nigerians are already benefiting from the good agricultural policies of this administration, lifestyles are changing and standards of living among the poor are rising. “Investments in agriculture will be sustained.

''In the last three and a half years, the contributions of agriculture to GDP have been impressive, in addition to earnings from food exports.''

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Source: Legit

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