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Breaking News | CBN Sets To Cut Imports Of Cassava By-Products Import


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CBN By Emma Ujah Faced with scarce foreign exchange due to the drop in crude oil earnings,  the Central Bank of Nigeria (CBN) is to heavily invest in the cassava value-chain in order to cut the current  $580  million annual import of cassava by-products.
CBN Governor, Mr. Godwin Emefiele, disclosed this, yesterday, at the inauguration of the Rivers State Cassava Processing Plant at Afam/Ban-Ogoi Link Road in Oyigbo Local Government Area of the state.
His words, “Notwithstanding our position as the largest producer of cassava in the world, Nigeria imports over $580m worth of cassava by-products.
READ ALSO:Oak Business School partners EKSU to run degree programmes “With facilities such as this, it will help in reducing our reliance on imports of cassava by-products, which serve as  key inputs in the production of food items in several factories” ....

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Rivers plans cassava production, processing, Wike seeks CBN loan

Rivers plans cassava production, processing, Wike seeks CBN loan
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