Tag Archives: cassava

Stakeholders harp on need to harness cassava value chain

cassava

The Nigerian Cassava Growers Association (NCGA) has said that the crop has the capacity to generate N10 trillion and save Nigeria over N1.2 trillion from import of derivatives such as ethanol, starch and sweetener.

The Association’s President, Mr Segun Adewunmi, who spoke in Abuja recently, lamented that the huge potential in cassava value chain had not been well explored. He said in spite of being adjudged the highest producer of cassava in the world, Nigeria was not reaping enough from the commodity.

CBN adds cassava and its derivatives to forex restriction list; vows increased support for local dairy production

cassava

The Central Bank of Nigeria (CBN) has said it will stop providing foreign exchange for the importation of cassava, starch, ethanol and all other derivatives into Nigeria.

The CBN Governor, Mr Godwin Emefiele, spoke on the new policy directive while meeting with some state governors in Abuja to discuss cooperation in the area of economic diversification, job creation and poverty reduction.