Advancing Compliance and Policy Leadership in Nigeria's Commodity Sector

Adherence to regulations is crucial for successful policy implementation in Nigeria's commodity sector. CT’s deep-rooted commitment to adherence to local and international regulations positions us as a trusted partner in driving industry growth and development.

By meticulously adhering to Central Bank of Nigeria (CBN) regulations, including accurate documentation of export trade using Form NXP, repatriation of export proceeds, and exclusive forex operations within regulated trade windows, Cardinal Torch upholds the highest standards of financial integrity. This unwavering commitment to compliance fosters a robust and transparent business environment.

Our compliance extends beyond financial regulations. We strictly adhere to all relevant export regulations, trade agreements, and customs procedures, ensuring our operations align with industry best practices and contribute to a sustainable commodity sector.

Building upon this strong foundation of compliance, Cardinal Torch actively participated in shaping policies to revitalize Nigeria's commodity sector at a high-level Policy Design Workshop of the National Cashew Association of Nigeria, NCAN. Cardinal Torch's BDM, Ndutim Enang, proposed key strategic policy solutions to pressing challenges to a distinguished audience of Cashew Sector stakeholders, local and international development partners, as well as government officials. The aim was to inform and shape policy formulation through the following proposals:

• The development of a strong Nigerian cashew brand as means to a regime of fair and subsidized RCN prices for local processors in order to enhance global market competitiveness
• Tax incentives to stimulate research and development within the cashew industry. 
• Digital platform for capturing nationwide cashew data to improve industry transparency and efficiency.
• Effective communication of research findings to inform decision-making and drive industry growth.  

Through our unwavering commitment to compliance and policy leadership, Cardinal Torch is driving positive change within Nigeria's commodity sector. Our actions exemplify the synergy between regulatory adherence and effective policy design, creating a sustainable and prosperous industry for all stakeholders.