FG to Earn $1.37b from Cassava Chips Exports

The Minister of Agriculture, Dr. Akinnwnmi Adeshina, has said that Nigeria will this year, earn between $802 million to $1.37 billion as exports of dried cassava chips to China and Europe.

Dr. Adeshina said that Nigeria’s earnings increased by ₦759 billion in 2012 through effective and aggressive Federal Government-led agricultural drive.

He added that the proposed huge international earnings from the exportation of value-added dried cassava chips would be realisable through an effectively secured financing of over $200 million for 18 private sector-owned large scale cassava plants with 1.3 million metric tons capacity per year and the provision of agricultural inputs through Federal Government-backed Growth Enhancement Scheme (GES) for small-holder farmers.

The minister, who delivered a keynote address at the 40th National Council on Agriculture and Rural Development held in Abeokuta recently, explained that 100 million farmers had so far been registered by the Federal Government-led GES, adding that Nigeria produced 1.79 million metric tons of cassava in both main and dry seasons last year.