Oyo State government has expressed its joy over the Federal Government’s approval for the establishment of six cashew factories for export in the country. Oyo State is among the six states of the federation where the proposed Cashew-processing factories for export will be sited.
The other states include Enugu, Imo, Benue, Kogi and Kwara. At the Federal Executive Council (FEC), Federal Government said a popular store in the United States called Walmart, requested from Nigeria 130,000 tons of roasted cashew nuts valued at $7 billion.
In order to meet this demand and others, the FG said it was setting up these factories across the cashew belt areas.