Politics

Nigeria producing $18bn cassava, lacking in global market – FG

todayOctober 19, 2021 9

share close

Federal Government report has it that Nigeria has been producing 45 million metric tonnes of cassava, estimated at about $18bn every year but is not an active player in cassava trade in the international market.

Niyi Adebayo, The Minister of Industry, Trade and Investment, made this known while hosting the organising committee of PAC Africa Expo and Conference led by the Chief Executive Officer, BKG Exhibitions, Ifeanyichukwu Agwu.

Adebayo said cassava and oil palm were strategic commodities in Nigeria’s quest for growth and development of the non-oil sector of the economy and required the right attention from both public and private sector operators.

He was quoted in a statement issued in Abuja on Monday by the Media Consultant to BKG Exhibitions, Chidiebere Ugwu, as saying, “Available statistics point to the fact that Nigeria is a leading producer of cassava.

“Nigeria has a production capacity of 45 million metric tonnes per annum, estimated at about $18bn, accounting for a fifth of the world’s cassava production, followed by Thailand, Indonesia, Brazil, Ghana, Congo and others.

“However, though a world leader in cassava production, Nigeria is not an active player in cassava trade in the international market.”

Adebayo further added that the Federal Government would partner BKG Exhibitions to organise the international event coming up in November, which would focus on oil palm technology and cassava exhibition in order to unlock the potential of the commodities.

Written by: administrator

Rate it

Previous post

National

#EndSars Protests: Lagos Panel Concludes Sitting, Awards N410m To 70 Victims

The Lagos State Judicial Panel on restitution for victims of SARS-related abuses and other matters has held its valedictory sitting after 131 proceedings. Chairman of the panel, Justice Doris Okuwobi, who read out the decisions of the panel on Monday, announced the award of N148.2 million to 23 deserving petitioners. They include Michael Owoicho – N10 million, Fatai Ogunseye (late) – N10 million, Adeola Mukaila – N700,000, Stella Edegwa – […]

todayOctober 19, 2021 11

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *


0%