Business
Association Plans Cassava Processing Centres For Osun Farmers
Cassava Growers Association of Nigeria (CFAN), Osun State chapter, says it is working toward setting up cassava processing centres across the state to process cassava into finish products.
Chairman CFAN, Mr Musefiu Ganiyu, who said this on Thursday in an interview with newsmen in Osogbo, however, did not state when the project will commence.
According to him, one of the major challenges facing cassava farmers in the state is marketing of their produce after the harvest.
He expressed concern that cassava flour processing companies given grants by the government to buy cassava from the local farmers were not patronising them.
Ganiyu said that when the proposed processing centre materialised, it would ease the marketing of finished cassava products with added value.
“Though the price we sell to buyers is moderate, but by setting up cassava processing centres by ourselves, it will yield more returns for farmers.
“Right now, we only sell our produce to people from the local market who process and turn them to garri and fufu,’’ he said.
The chairman said that cassava produce, in finished form, would yield more profit for farmers, considering the state of the country’s economy.
“We are, however, working toward having our own cassava processing centres, even if it will be just for processing Garri.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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