Today's Trending

FG targets $5bn cassava export annually – Ogbeh

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, says the country is targeting to reap over $5billion annually from cassava production in the next few years.


Ogbeh stated this on Thursday in Abuja at the National Cassava Summit with the theme: “Toward $5 billion per Annum Cassava in the next five years.”

[pro_ad_display_adzone id=”60438″]

Ogbeh said that the country had over time neglected agriculture in the last 30 years.

He, however, added that the industry has the potential ‎to employ more youths and improve foreign exchange.

‎Ogbeh expressed concern over the very low number of farmers accessing credit facilities in the country.

He said that the Federal Government would enhance and strengthen the Bank of Agriculture to allow farmers access to credit facilities at 5 to 6 per cent interest rate.

Ogbeh said: “Most of the Commercial Banks give loan to farmers at 28 to 30 per cent interest rate. How do farmers grow with such a high interest rate and make profit?

“We have to intensify efforts to address this problem in order to meet our target because earning in cassava industry is so high.

“Rural roads need to be rehabilitated for easy transportation of our farm products to the market. Our budget is small. We cannot in the Ministry level promise of constructing all rural roads. But something has to be done fast.”

Ogbeh, however, urged research institutes like the International Institute of Tropical Agriculture to include vitamins in cassava in the next research work to balance its nutritional content‎ and better consumption.

Prof. Lateef Sani of the Federal University of Agriculture, Abeokuta, in a paper, said the industry has the potential to create million of jobs across the country through its Value Chain.

Sani said: “By 2021, Nigeria cassava industry will represent over 5 billion dollars, spurs rural industrial development, generate millions of new jobs and create wealth for over 45 million people.

“Cassava peels, grits, chips are viable as animal and fish ‎feeds.

“Given the large amount of Aquaculture and Livestock done in the country, this can be an interesting prospective market.”

Alfred Dixon of the International Institute of Tropical Agriculture in a keynote address said that Nigeria was confronted with a growing population and rising urbanisation with high demand for food and feeds for livestock.

Dixon noted: “Cassava is an appropriate commodity to feature in Nigeria’s economic development.

“Nigeria’s cassava production account for 20 per cent of the total global output but less than 1 per cent is being exported.”

The National President, Cassava Growers Association of Nigeria, Adewumi Segun, said that the association has acquired 15,000 hectares of land in Ekiti for cassava programme.

7 Comments on FG targets $5bn cassava export annually – Ogbeh

  1. That will be very good one


  2. They are just planning can they do it


  3. Help me ask them oooo…….my broda


  4. It’s a good plan if there is an international market for that.


  5. The biggest deceit is where are we going to export to? and for what?


  6. keep wasting and we dont see the result of them all


  7. Adesanya ifeoluwa // September 9, 2016 at 2:45 pm // Reply

    Dont mind if 100bn is spent on Agriculture…i strongly believe with time we would recover


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: