Business
Cassava Flour Initiative Revival Can Up Economy By ?255b – COMAFAS
Farmers under the auspices of the Community Allied Farmers Association of Nigeria (COMAFAS) have called on the Federal Government to revive “Cassava Flour Initiative” to boost the economy.
The President, COMAFAS, Austin Maduka, said the implementation of the initiative, which was a major policy of the former President Olusegun Obasanjo-led administration, can inject the sum of ?255 billion into Nigeria’s economy annually.
He emphasised that implementation of the policy would increase earnings of farmers and rural communities, create jobs, enhance food security, promote local production and encourage mechanized farming and agritech innovation.
According to Maduka, “by incorporating 10-20% high-quality cassava flour (HQCF) into composite flour for bread production, Nigeria can tap into the vast potential of cassava and reduce wheat imports.
“The inclusion of HQCF in bread production can generate over ?255 billion in annual revenue, creating a significant economic boost for the country”, he said.
He said the initiative has the potential to empower farmers, through increased demand for cassava, stimulate economic growth, enhance food security and reduce reliance on imported wheat, as well as promote local production and sustainable farming practices.
The COMAFAS President urged the Federal Government to prioritize the revival of the Cassava Flour Initiative, leveraging the benefits of cassava production to drive economic growth, food security, and sustainable development.
He stressed that Nigeria can unlock the potential of cassava and drive economic growth, food security, and sustainable development.