Maryam Aminu
In a groundbreaking move set to redefine the global cashew industry, Nigeria and Vietnam have entered into a strategic partnership to revolutionize cashew production, processing, and trade between both nations.
The landmark agreement sealed through a Memorandum of Understanding (MoU) between the National Cashew Association of Nigeria (NCAN) and the Vietnam Cashew Association (VINACAS) was signed during the 14th VINACAS Golden Cashew Rendezvous 2025, held from October 26–28 in Hanoi, Vietnam, as part of activities marking VINACAS’ 35th anniversary celebration.
Speaking at the signing ceremony, Dr. Ojo Joseph Ajanaku, National President of NCAN, described the partnership as a major milestone in Nigeria’s agricultural transformation and non-oil export drive. According to him, the MoU will strengthen bilateral trade, encourage technology transfer, and boost competitiveness in the global cashew market.
“This partnership will enhance value addition through modern processing technologies, promote diversification into cashew-based beverages and by-products, and create more jobs for rural communities,” Dr. Ajanaku stated.
He revealed that Nigeria exported $420 million worth of cashew to Vietnam in 2025, expressing optimism that the collaboration would further enhance production efficiency and expand market access for Nigerian products.
A key highlight of the Hanoi conference was the recognition of Kogi Cashew as the most nutritious cashew in the world, a feat that reinforces Nigeria’s rising prominence in the global cashew trade.
Dr. Ajanaku noted that the new partnership will leverage this recognition through innovation, research, and continuous quality improvement.
Under the MoU, both nations will promote trade in raw and processed cashew, facilitate the exchange of processing technologies, encourage joint investments, and advance sustainable farming practices. Vietnam’s technical expertise and advanced machinery, he added, will play a crucial role in expanding Nigeria’s processing capacity and driving economic diversification.
To ensure sustained implementation, both associations agreed to establish a Joint Working Committee that will monitor progress and report outcomes annually.
The signing was witnessed by top Nigerian officials and private sector stakeholders, including Muhammed Tukur Usman (Director, FDA-FMAS), Mr. Babagana Musti (NEXIM Bank), Jude Osilama, Evidence Iyamu, Mr. Victor Omofaiye (DG, KOSCEPA), Alh. Abu Muhammed Kabir (NCAN Financial Secretary), and Tchidi Okike Zacchaeus (Merchant Farmer).
Currently, Nigeria ranks among Africa’s top cashew producers with over 500,000 metric tonnes annually, exporting mainly to Vietnam and India. With the renewed partnership, NCAN projects that Nigeria’s cashew export earnings could exceed $500 million annually, unlocking new opportunities across the agricultural value chain.







