Tag Archives: Import levy

Non-profit group seeks ways to improve Nigeria’s low cassava yield

cassava

A non-profit international alliance of 45 organisations known as The Global Cassava Partnership for the 21st Century (GCP 21) is set to meet in June in Benin Republic to seek ways on how to help Nigerian farmers boost low cassava yield and create wealth for themselves as well as food security for the nation.

Cassava is the main source of carbohydrates in Nigeria and other West African countries, replacing some traditional staples such as millet and yam.

FG weighs raising levy on imported starch to boost local cassava production

cassava

The Federal Government is said to be considering levying imported sweeteners, flour and ethanol in order to reduce the food import bill and boost local investment in cassava processing, the ingredient from which starch is derived.

Despite been the world’s largest producer of cassava, Nigeria still imports most of its industrial starch, a by-product of cassava. With an import levy, the government hopes to reverse the trend under an “Industrial Cassava Policy.”