CBN Tasked On Intervention To Enhance Cassava Production

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CBN

Mr Duro Kuteyi, a former Chairman of the National Association of Small Scale Industrialists (NASSI), has urged the Central Bank of Nigeria (CBN) to implement an intervention for cassava farmers, towards enhancing food production.
Kuteyi made the appeal in Lagos.

He said that the intervention to enhance cassava production would be similar to the Anchor Borrowers’ Programme on rice production, and should reduce the cost of Garri and other by-products of cassava.

Cassava is one of the targeted agricultural commodities listed under the CBN’s Anchor Borrowers’ Programme (ABP).

The ABP aims to create an economic linkage between smallholder farmers and reputable large-scale processors, with a view to increasing agricultural output and significantly improving the capacity utilisation of processors.

“The present challenges of farmers leaving cassava cultivation for rice…

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