Monday 26th June, 2017
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Stakeholders target $5bn trade volume in cassava industry by 2021

Stakeholders target $5bn trade volume in cassava industry by 2021

In a renewed effort aimed at re-positioning the cassava in­dustry to play a vital role in the diversification of the econo­my, stakeholders in the sub-sec­tor have unfolded strategies that will grow the industry to $5 bil­lion worth by 2021.
Speaking at the National Cas­sava Summit held yesterday in Abuja with the theme: “Towards a $5 billion per annum industry over the next 5 years”, the Pro­gram Director of Foundation for Partnership Initiatives in the Niger Delta (PIND) Dara Aka­la said the plan was that by 2021, Nigerian Cassava sector in terms of investment and volume of trade would be worth $5 billion.
Akala noted that there have been several government poli­cies on cassava that were yet to translate to action, adding that the aim of the program was to translate the policies and poten­tial in the subsector into real gain for the producers, processors and the country at large.
Also speaking, an expert from the Federal University of Ag­riculture, Abeokuta, Professor Lateef Sanni in a presentation of a Road Map for Achieving a $5bilion Cassava Industry in Ni­geria said the vision of the pro­gram was to ensure that by 2021 the industry represent over $5bil­lion, spur rural industrial devel­opment, generate millions of new jobs, create wealth for over 45million people and contribute to national food security.
Reeling out the potentials in the sector, Saani said the “annu­al demand for industrial starch is about 269,000 million tons, un­fortunately the current supply is about 20,000, for Ethanol the de­mand is 200 million litres per an­num while supply is just 9 mil­lion litres. The demand for High Quality Cassava Flour is 504,500 tons, but supply is 60,000 tons per annum, the demand for glu­cose syrup is 90,000 tons but the current supply is 30,000tons”.
He said if the potential of the industry are well harnessed, 16 million jobs can be created from cassava production, 10million jobs from industrial Cassava processing, 5 million jobs from sales and marketing, 5 million jobs from modern cottage pro­cessing, haulage and transporta­tion can provide 9 million jobs and cassava farmers could get 74 percent income increase for their produce.
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh while declaring the summit open expressed his de­light about the programme say­ing, “this is the change we prom­ised Nigerians”.
He said the country has made mistakes in the last 30 years for ignoring agriculture, adding that every industry in the agricultural sector that has potential for for­eign exchange will be developed.
He stressed the need to inten­sify cassava production through mechanization, providing im­prove yield to increase yield per hectare from 15tonne to 30ton, increasing access to finance at 5 percent interest rate.
Among the stakeholders part­nering in the project are Ger­man International Corporation (GIZ), PIND, Federal Ministry of Agriculture and Rural Develop­ment, Nigerian Institute of Food Science and Technology, Feder­al Institute for Industrial Re­search Oshodi (FIRO), United States Agency for International Development’s Maximizing Ag­ricultural Revenue and Key En­terprises in Targeted Sites (MAR­KETS II) project.
Others include International Institute for Tropical Agriculture (IITA), Department for Inter­national Development (DFID), Market Development (MADE) Program and Cassava Adding Value in Africa (CAVA II), Har­vestPlus, Nigeria Cassava Grow­ers Association (NCGA), Nigeria Cassava Processors and Market­ers Association (NCAPMA) and the African Agricultural Tech­nology Foundation (AATF).
 
 

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