Wednesday, 10 September 2014

Cassava, good investment choice

Investments in cassava ventures at this time will be quite auspicious as the cassava transformation project of the Federal Government is supporting the emergence of a new generation of cassava farmers, who will take up commercial production and farming as a business, and to link them up to reliable demand, either from processors or a guaranteed minimum price scheme of the government.
According to the Nigeria Cassava Transformation Initiative of the Federal Ministry of Agriculture and Rural development, “The overarching strategy of the cassava transformation is to turn the cassava sector in Nigeria into a major player in local and international starch, sweeteners, ethanol, HQCF, and dried chips industries by adopting improved production and processing technologies, and organising producers and processors into efficient value-added chains”. About 30,000 farmers; 30% of whom would be women, are expected to benefit from this scheme in the first year.
Cassava is one of Nigeria’s most important agricultural produce and there are many reasons for this position: Nigeria is the world’s largest producer of cassava. The nation actually produces at least 34million tones of cassava annually and as Africa’s most populous nation, could also provide the biggest market for the product since cassava is her most important food staple. Seventy per cent of Nigeria’s populace is agrarian and cassava, a crop that can thrive profitably in at least thirty states of the federation, is a constant on most farms. The average Nigerian farm allots considerable space to cassava because it is easy to grow and can exist comfortably with other crops.
Contemporary thinking demands that countries concentrate and develop resources in which they have comparative advantage and for the reasons already stated, cassava holds one of the critical keys to poverty alleviation, wealth creation, employment generation and other isotopes of sustainable development for the Nigerian nation. Apart from food security and social stability, cassava is also a potentially important industrial raw material that would not only support local industry but can be exported to earn foreign exchange for the nation.
Cassava, according to experts, can find applications in other industries apart from the food sector. It is a useful raw material in the production of ethanol (which is both an industrial solvent as well as a fuel), production of industrial starch; livestock feed, adhesives, and is also an important component in drilling. Based on products of research efforts since the 50s and 60s, cassava has been found to be a useful raw material in the bakery industry. Indeed, standardized cassava flour can be mixed with wheat flour to produce composite flour for bread making. Research has shown that inclusion of 10% High Quality Cassava Flour (HQCF), is ideal for bread making.
Recent experiments have also shown that 20% cassava inclusion is equally very viable. Findings at the Federal Institute of Industrial Research, FIIRO also prove that a mix of soy and cassava flour is equally ideal for production of confectioneries.
At a 2013 seminar organized by the Nigeria Institute of Social and Economic Research, Ibadan, Director General of FIIRO, Dr. Gloria Elemo, earnestly canvassed that the National Assembly pass into law a bill on compulsory inclusion of cassava flour in the making of bread and confectioneries for economic growth and development. Other applications of cassava in the food industry include use in the production of pasta like spaghetti and macaroni and the production of instant noodles, production of glucose syrup and so on.
Based on these findings, stakeholders, development agencies and even the government of Nigeria have come to the conclusion that if the industrial potentials of cassava are appropriately tapped, all participants in its production value chain- from the growers in the rural areas, to the processors, equipment fabricators, flour millers, and so on, would be impacted and this would significantly contribute to an increase in the nation’s GDP. Besides, exploiting the industrial applications of cassava would raise its rating from that of a mere rural food staple to a product of industrial significance which would also elevate the status of its rural growers, leading to a rise in the number of cassava based enterprises.
In furtherance of President Goodluck Jonathan’s Cassava Transformation Agenda, the Honourable Minister of Agriculture and Rural development, Dr. Akinwunmi Adesina now serves bread with 20% cassava to visitors in his office.
Susanna Moorehead, Director West and Southern Africa and Country Director of DFID who visited his office early this year was served the bread and she thoroughly enjoyed it, commenting that “It’s so nice you do not need butter”.
Obviously, Nigeria is getting set for a cassava boom. Technical information on how to run a successful cassava cropping business can be obtained from the National Root Crops Research Institute, NRCRI Umudike and International Institute for tropical Agriculture, IITA Ibadan while information on completed research into viable cassava processing businesses can be obtained from the FIIRO. Nigeria Cassava Processors and Marketers Association, NICAPMA members can also provide information on equipment and machinery.