Cassava production: Vital to transformation of Africa’s agribusiness- NIRSAL

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The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Plc, says financing production of cassava is key to achieve huge returns on agribusiness and the attainment of food security in Africa.

The Managing Director of NIRSAL, Mr Aliyu Abdulhammed who spoke at the 4th International Cassava Conference held in Cotonou, Republic of Benin, said that although cassava remains the main source of nutrition for over one billion people across the globe, the cassava value chain had not reached its full potential as a tool for the transformation of African economies through industrialisation.

He maintained that despite Africa having a comparative advantage in cassava production, most African countries rely largely on imports from other continents to meet industrial requirements for starch, high-quality cassava flour, ethanol and glucose production.

Mr Abdulhammed therefore urged African governments to collaborate in the financing of cassava production in the continent.

Peace PIAK