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Nairaland Forum / Nairaland / General / Politics / FG To Save N127bn Yearly And Generate About 3m Jobs From Cassava Flour In Bread (264 Views)
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FG To Save N127bn Yearly And Generate About 3m Jobs From Cassava Flour In Bread by ManirBK: 5:27pm On Jan 14, 2019 |
Nigeria is set to save about N127billion annually in foreign exchange conservation annually along the value chain with plans to pass into law the local content bill on 20 per cent cassava flour inclusion. The federal government also hopes to generate about three million jobs from this effort. In order to drive the bill, Federal Ministry of Science and Technology has set up a committee known as Competitiveness Assessment Committee (CAC). This will increase effectiveness, service delivery and healthy rivalry among the institutes under the ministry. According to the federal government, the ultimate aim of the whole exercise is to promote local industrial development, discourage importation of the same technology and equipment that are locally manufactured to create a better platform for balance of trade and improve the condition of local currency in the economy. The committee comprises both national and international agencies to investigate and measure the rate of healthy competition among the 17 research institutes under the ministry. Among the agencies that formed the committee are United Nations Industrial Development Organization (UNIDO), Nigeria Academy of Science (NSA), Manufacturers Association of Nigeria (MAN) and some other agencies of both national and international recognition. The 17 parastatals under the ministry of science and technology were adequately scrutinized by the committee and at the end, Federal Institute of Industrial Research, Oshodi (FIIRO) came first, making the agency to be entitled to the reward of N1 billion which will be added to their 2019 budget as promised by the Minister, Dr. Ogbonnaya Onu. The second and third runner-up would have N740 million and N500 million as added budget respectively. While speaking with LEADERSHIP in Lagos, the director general of FIIRO, Prof. Gloria Elemo, said that more efforts are underway to improve industrialization in Nigeria. She expressed satisfaction with the outcome of the investigation, saying that FIIRO emerged as the best out of the 17 agencies under Ministry of Science and Technology because of the visionary and capable leadership that manned the Institute. https://leadership.ng/2019/01/14/fg-to-save-n127bn-yearly-from-cassava-flour-in-bread/ Mynd44 lalasticlala oam4j |
Re: FG To Save N127bn Yearly And Generate About 3m Jobs From Cassava Flour In Bread by ManirBK: 5:28pm On Jan 14, 2019 |
good development |
Re: FG To Save N127bn Yearly And Generate About 3m Jobs From Cassava Flour In Bread by Shelumiel: 5:37pm On Jan 14, 2019 |
Mtchww. ...story 1 Like |
Re: FG To Save N127bn Yearly And Generate About 3m Jobs From Cassava Flour In Bread by NothingDoMe: 5:42pm On Jan 14, 2019 |
ManirBK:Sorry manirBK but we've moved beyond hoping. How long will people hope mbok? The federal government also hopes to generate about three |
Re: FG To Save N127bn Yearly And Generate About 3m Jobs From Cassava Flour In Bread by samuel25(m): 6:44pm On Jan 14, 2019 |
We are tired of all this story. This was how government made a lot of farmers to cultivate cassava in large quantity and no buyer when ready for harvest. cassava is even cheaper than pure water now |
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