Chale, you don hear say dem don land beta news for Ogun State? GuarantCo don drop one massive guarantee of $75 million for Robust International Pte Ltd to build new cashew nut processing plant. This one go make sense as Nigeria dey grind for dem cashew business, but we still dey export most of am raw, losing big money, you sabi?
Right now, Nigeria dey produce around 250-300k tonnes of cashew nuts every year. But guess wetin? Less than 10% of dem dey process for here. Most of the nuts na straight export go Asia and other countries, and we dey lose up to 80% of wetin we fit get from am. Na wah!
But with this new plant wey go chop capacity from 100 MT to 220 MT daily, dem go help us correct this wahala. Na 10,000 low-income farmers go benefit directly from this here, and with the expected increase in exports, na about $335 million revenue we dey look at. Chai! Money plenty for ground o!
British Deputy High Commissioner, Mr Jonny Baxter yan say dem dey super proud say UK go support this kind investment wey go boost local agriculture and job opportunities. Dem even dey plan to support Nigerian businesses as we dey push exports go UK and beyond. Na serious partnership wey go help our economy grow.
Dave Chalila, wey dey handle Africa and Middle East Investments for GuarantCo, talk say dem don do this kind babe transaction before with M&G Investments and Symbiotics, and no be small achievements dem don make. Na pipeline wey dey drive capital inside agriculture and processing sectors so that e go get meaningful growth.
Vishanth Narayan, wey be Group Executive Director for Robust, don clear say dem ready to work with local farmers, build strong supply chains and dey emphasize sustainability. Dem wan make sure say dem dey give beta price to farmers and make life easy for dem.
MarÃa Redondo from M&G talk say dis investment na win-win for everybody. E go help them channel capital into local projects while we dey secure currency exchange risk with beta structure. Dis na smart move wey fit make real impact.
Valeria Berzunza wey dey structure dis transaction sabi say na with good partnerships we fit mobilize investment from institutional bodies into high-impact projects for our emerging markets. Dem dey cook plans to include women farmers more, increasing procurement from 15% to 25% by 2028. Na better initiative wey highlight gender balance too.
You fit expect say about 900 jobs go dey created, with plenty of dem for women. Dis new plant go fit convert waste into biomass and biofuel, wey be smart way to manage environment matter. Na this kind positive steps wey build our communities and economy well!
So, as we dey look forward to this new era of processing, na time to dey jolly for Nigeria. We fit start to dey keep more money for our pockets as we dey turn dem cashew nuts to gold!
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