Nigeria’s lack of storage facilities at seaports discouraging cashew trade – Exporter laments

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A cashew nuts exporter, Mr Mathew Obot, has appealed to the federal government to provide storage facilities at the country’s seaports to enhance preservation of commodities before export.
Obot made the appeal in an interview with the News Agency of Nigeria (NAN) on in Lagos recently.

He said the absence of such facilities at the country’s ports was having negative bearing on export of produce and was discouraging many people from continuing with produce trade.

The exporter, while considering the feasibility of fresh tomatoes export as being championed by the Central Bank of Nigeria (CBN), said that absence of storage facilities was the bane of the trade.
“Because of the paucity of the facilities, I do keep my produce far away from the port for preservation before transporting it to the port when the vessel is ready to sail.

“This process is double expenses; instead of taking it direct to the port from the places I bought it, I have to take it to another location for preservation.

“Many of my colleagues who cannot bear the cost of logistics involved in the business are no longer trading in it. Even we who are in it are just trying to exist,’’ he lamented.
He said for the country to get it right in the balance of trade in the area of produce export, such facilities needed to be in place.

Obot, added that the sector would create the more needed jobs in the value chain and encourage influx of foreign exchange and less pressure on the dollar as being witnessed currently.
According to him, apart from tomatoes, there are many other produce for which Nigeria has comparative advantages in the world market.

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News Agency of Nigeria (NAN) is a news reporting agency owned and run by the Federal Government of Nigeria just like Nigerian Television Authority.[1] On 10 May 1976 the agency was founded and established by Onitsha noble Onuora Nzekwu who was its first official Managing Director and Chief Editor. On 2 October 1978 its operations began.[2][3] NAN provides General News Service to subscribers in three bulletins published daily. The agency’s website www.nan.ng was launched on 8 August 2016, to offer news to the worldwide audience interested in news primarily about Nigeria, Africa’s most populated country. The current Managing Director of NAN is Bayo Onanuga.

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