35 SMEs To Benefit From N10bn Cassava Bread Fund

The Minister of
Agriculture and Rural Development, Dr Akinwumi Adesina has said that 35 Small and Medium Scale Enterprises (SMEs) would benefit N1 million each from the Cassava Bread Fund.
Adesina who spoke during the commissioning of OAMSAL High Quality Cassava Flour processing factory in Ayede-Ekiti, Ekiti State, said the fund, which will be made available by the Bank of Industry (BoI) is expected to book the performance (SMEs).
He said the government will continue to make funds available to support SMEs to upgrade their facilities.
In a statement in Abuja, by the Minister’s Director of Information and Protocol, Tony Ohaeri, the minister also said that government was committed o turn cassava into gold in Nigeria.
According to him, government has started work on the 5000 hectares of land adding that 400 hectares of land are located in Ekiti State.
Adesina commended Nobex Technical for producing locally fabricated equipment at the processing plant.
He stressed the need to create market for every produce adding that the future of Nigeria lies in agriculture.
In his response, Ekiti State Commissioner for Agriculture, Mr Jide Arowosafe, thanked the minister for showing effective and positive leadership in the country noting that the minister’s leadership has been showing positive result.