July 28, 2017

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BlackBerry putting itself up for sale -

Wednesday, August 14, 2013

FERMA: A convergence of intent, engagement & perception -

Sunday, August 11, 2013

Nigeria Hits CNN’s List of World’s 12 sexiest accents…. -

Wednesday, August 7, 2013

N452t infrastructure funds from capital market coming -

Tuesday, August 6, 2013

Getting the right staff for your business -

Tuesday, August 6, 2013

Nigeria, others to re-evaluate Trans-Saharan gas project -

Monday, August 5, 2013

How Nigerians use social media -

Friday, August 2, 2013

NSIA to manage N3.4tr pension funds -

Friday, August 2, 2013

GOOGLE UNVEILS MOTO X SMARTPHONE… -

Friday, August 2, 2013

Nigerian Troops Return from Mali, Storm Borno -

Thursday, August 1, 2013

Our role in the $1.09b Malabu Oil mess, by Shell -

Wednesday, July 31, 2013

FG Can’t License Hotels, Hospitality Operators, Says Fashola -

Tuesday, July 30, 2013

Why FG Must Urgently Invest in Efficient Rail System -

Monday, July 29, 2013

Lagos community begins energy generation from waste -

Monday, July 29, 2013

FG to privatise BoI, BoA in 2014 -

Monday, July 29, 2013

Cassava takes pride place in Nigeria’s agro-economy -

Monday, July 29, 2013

Future of Africa in food production depends on training, emerging technologies —Kabba college provost -

Friday, July 26, 2013

Will this fresh initiative against cyber crime work? -

Friday, July 26, 2013

Investors prefer Southwest, says LCCI -

Friday, July 26, 2013

Fed Govt stops project variation beyond 15% of initial cost -

Thursday, July 25, 2013

Cassava takes pride place in Nigeria’s agro-economy

Cassava takes pride place in Nigeria’s agro-economy... NAIJA INTEL

The United Nations Food and Agriculture Organisation (FAO), has rightly pointed out that cassava has huge potential and could turn from being a poor people’s food into a 21st century crop.

The Rome-based FAO said in a report that global cassava output has increased by 60 per cent since 2000 and that yields could be boosted by up to 400 per cent.

It is with this in mind that experts in Nigeria’s agro business have said that the volume of cassava produce in the country is enough to make the country less dependent on crude oil as its major revenue earner.

Cassava is grown in all the 36 states of the federation. It is estimated that Nigeria with the current production level, produce about 49 million metric tonnes of cassava per annum, a figure expected to double by year 2020.

At a recent stakeholder’s forum on cassava, president of the Lagos Chamber of Commerce and Industry (LCCI), Goodie Ibru, said for Nigeria to overcome the economic shock caused by the falling price of oil in the international market, the country must now concentrate its energy on cassava cultivation.

His words: “If there is any time we should worry about self-reliance in the Nigerian economy, it is now. Oil prices are on the decline, demand for oil is failing and supply is increasing which  he explained that oil prices are on the decline, demand for oil is falling and supply is increasing, which he said has implications for fiscal sustainability of the economy.”

He further explained that Nigeria is one of the highest producers of cassava in the world but has not translated it into a buoyant economic value-chain due to its abysmally low value addition.  He, added that there is need to utilise our cassava more in the food processing chain and for export. He, however, called on the government to provide the enabling environment for the initiative to thrive

There is no doubt that cassava is Africa’s most important staple food crop, after maize. According to the UN food agency, cassava has huge potential and could be turned from “a poor people’s food into a 21st century crop. That is, if grown according to a new environmentally-friendly farming model.

Also, the FAO said that Nigeria is currently the largest producer of cassava in the world with an annual output of over 34 million tonnes of tuberous roots.

Cassava takes pride place in Nigeria’s agro-economy... NAIJA INTEL

Cassava takes pride place in Nigeria’s agro-economy… NAIJA INTEL

However, despite the country’s top position in cassava growing, Nigeria is yet to make much impact on the global cassava market, since most of its crop is consumed domestically. But with new initiatives under way aimed at increasing and improving cassava production and developing new ways to use the crop, Nigeria hopes to utilise cassava as part of its strategy to diversify its economy away from petroleum.

Other resource persons who attended the seminar also added their voice to the economic boom that awaits the country if it invests in cassava.

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IMAGE: www.manufacturingtoday.com.ng

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