The Cashew Market is an Untapped Wealth Machine – Yussuf Adewale

A few days ago, I asked my email subscribers to tell me what they are doing in 2018. I called it the show full working campaign. The idea is to do what I’ve always done – promote as many young entrepreneurs as I can through the follower base I have gathered over time.

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I got so many brilliant responses following that email; I’d like to share one of them with you in this post. When Yussuf shared his project with me, I sent him a few questions to explain more so that you will understand.

Yusuff Gbenga Adewale is the CEO of Waleagro Farms & Food Nigeria Ltd. He holds a B.Tech degree in Agriculture Economics and Extension, he is an agro-enthusiast and an alumnus of Lagos Business School – Agribusiness Management Programme.

Waleagro Farms and Foods provides a platform for individuals who are interested in getting into agriculture but either don’t have the time or don’t know what aspect of agriculture to venture it.

I asked Yussuf to explain to me exactly what this means. If you have an interest in agriculture but lack the time to do anything about it, you want to pay attention to this post.

Tell us Waleagro Farms.

What we do is offer a platform for people who are interested in getting into agriculture but either don’t have the time to start something, don’t know what to engage in or both.

In a nutshell, we farm and manage those farms for interested investors.

We currently have about 100 hectares of farmland under our management. We will be providing an investment opportunity on cashew and cassava at one of our farm site in Ogbomoso, Oyo state this year.

So for everyone who is interested in cassava or cashew farming but don’t have the time or the knowledge, our business will help them in setting it up, managing the farm, and then selling to our ready off takers to pick them up after harvesting.

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I understand cassava, but why cashew?

There are money making opportunities that I didn’t know existed in this great industry not until we started exploring them.

Ogbomoso is the best location for cashew because of its climate and soil best suited for cashew production. 30,000 tons of the 150,000 tons of cashew production in 2016 came from this town.

For the past 5 years, the price of cashew has been on the rise. A ton of cashew was N110,000 in 2011, in 2017 it was N650,000 and this year it will be more than that.

Many exporters and international buyers troop in droves to Ogbomoso every season because of the quality of cashew nuts in this town.

It’s mind-boggling to state that most of the cashew farms are unplanned for, small and scattered. So we are opening up this billion dollar opportunity to smart investors to take advantage of.

Have you done this before? How did people respond to it?

People have responded so well to most of our offers in recent times and we have been able to deliver on our word. In 2017, we signed an MOU with a flour company to cultivate capacity of about 30 tons of plantain for its processing plant and by God’s grace we have been able to accomplish that

I have a team of professionals who are capable and have shown their capability by the results we were able to generate within a few years. At the moment, we have in this country the largest acres of farm being managed by us. We are seeing more people recommend us to their friends and family.

Because of our track record build on high level of trust, integrity and professionalism over the years, we have had most of these people increase the acreage of farm under our management.

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What motivates you in this business, and what is your long-term vision?

The passion to raise as many people from poverty as possible through agribusiness helps me keep going and motivated. My outstanding moment is seeing our business impact the life of not only our staff but all our partners and investors.

In the next 5 years, I see our business take over the agribusiness landscape in Africa.

What advice do you have for young unemployed youths in Nigeria?

My advice is that there is no better time than now for the youth to engage in the business of agriculture, earn money and create wealth for him/herself instead of searching for unavailable jobs

There are millions of Nigerians to be fed daily and the sector need capable youths to do that.

For every situation we find ourselves either in our life,business or career is an opportunity to rise. Whether the country is in recession or not, people will consume food. It’s an opportunity to create new generation of multi billionaires, meaning that everyone must be in the agriculture & food sector.

There you have it…

To read more about what Yussuf is doing, visit his website, follow him on his Facebook page, email him at or call him at the following lines: +2348164628081,+2348092034147

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You can also promote Yussuf’s husstle by sharing this post with your friends on social media and sending in your comments so we know your thoughts.

If you want to show the world your full working, contact me.


  1. Great, great, great, this is what you call an article. Nice one author. Your writing skills are just too amazing


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