Business
Food Security: Expert Harps On Improved Cassava Processing
A prominent agricultural economist and researcher, Dr. Adekunle Stephen Toromade, has stated that modern cassava processing would enhance food security and elevate Nigeria to greater economic heights.
Toromade emphasised the need to address occupational hazards and economic challenges faced by cassava processors to improve productivity and tackle global food security issues.
He explained that the cassava processing industry is plagued by occupational hazards that severely affect the health and economic well-being of processors, contributing to widespread poverty.
He stressed that addressing these hazards and challenges is crucial for enhancing productivity and sustainability.
“Cassava processing is crucial for many rural communities in Nigeria, involving tasks such as peeling, grating, fermenting, and drying to produce essential food products like garri, fufu, and tapioca.
“Despite its importance in the agricultural value chain, the industry is burdened by occupational hazards that severely affect the health and economic well-being of processors, contributing to widespread poverty”, Toromade said.
While discussing a comprehensive study to examine these challenges, Toromade noted that his research focused on the difficulties faced by cassava processors in three local government areas known for their high cassava production.
“Food security in Nigeria continues to deteriorate. Studies like this provide valuable insights into how improving conditions for food processors can help tackle food insecurity.
“One of the most striking findings of the study is that cassava processing is predominantly carried out by women. Many of these women, who are the primary breadwinners for their families, face numerous occupational hazards that exacerbate their poverty status.
“The study revealed that 46% of cassava processors are moderately poor, with a significant portion—about 69%—of their income spent on medical treatment and other family expenses, further deepening their poverty.
“Additionally, smoke inhalation during cassava processing ranked as the most prevalent occupational hazard for the processors.
“Studies have shown that smoke inhalation can severely impact both the health and productivity of processors. Chronic exposure to smoke can lead to respiratory issues and other serious health conditions, diminishing workers’ efficiency and livelihoods.
“This health decline results in high medical expenses, further straining the already limited financial resources of these processors. Factors such as larger household sizes and other health issues related to occupational injuries exacerbate their poverty”, Toromade added.
In addition to this technological advancement, Toromade emphasized the pressing need for extensive training programs to educate cassava processors on occupational safety.
Strengthening extension services to offer regular training on best practices and safety precautions can greatly improve workers’ health and productivity.
He said Government and NGO interventions are essential to make automated food processing machines more affordable, as well as providing subsidies to make protective gear more accessible.
Enhancing healthcare access to provide timely treatment for occupational injuries is also crucial for ensuring the well-being of these workers.
In his study, Toromade utilized blockchain, AI, IoT, and big data for real-time monitoring of critical parameters such as temperature, humidity, and location in agricultural systems.
This approach enhanced food supply chain management and optimised conditions in the food supply chain, particularly in cassava processing, reducing both waste and energy loss.
Toromade’s work has significantly contributed to improving the quality of life for cassava processors and potentially reducing their economic losses from excessive medical expenses.
Beyond addressing occupational hazards, implementing these recommendations to protect this essential workforce can significantly contribute to poverty alleviation in rural areas and enhance the economic prosperity of cassava processors.
Business
SMEs Dev: Firms Launch N100m Loan Scheme
The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.
The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA), said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.
Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.
“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.
He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.
According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.
“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.
Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.
He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.
“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.
He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.
“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.
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