₦airaland Forum

Did you know that Nigeria is the world’s largest producer of cassava, churning out a staggering 63 million tons ? That’s more than double what Thailand, the third-largest producer, grows at 27 million tons. Yet, here’s the kicker: while Nigeria dominates cassava production, Thailand controls 60% of the global cassava starch market, an industry worth over $117 billion! Meanwhile, Nigeria imports over 600,000 metric tons of cassava starch yearly, with local production meeting a mere 5% of our demand.

Let that sink in. We’re the global cassava king, but we’re still importing what we should be producing – and exporting – in abundance.

But wait, it gets even more intriguing. Cassava isn’t just about starch. Another golden opportunity lies in ethanol production, a global market valued at over $100 billion. Nigeria currently imports a whopping $350 million worth of ethanol annually, meeting only 8% of our domestic needs. Imagine the potential if we tapped into our cassava resources to produce ethanol locally. The economic impact would be transformative!

And that’s not all. Every year, Nigeria generates over 15 million tons of cassava peels, a byproduct that’s often discarded. But here’s the twist: these peels are a golden opportunity to produce affordable, high-quality feed for poultry and livestock. This could revolutionize our agricultural sector, reduce feed costs, and boost food security.

The Big Question: What Are We Waiting For?
The cassava value chain is a goldmine waiting to be explored. From starch production to ethanol extraction and animal feed innovation, the opportunities are endless. Nigeria has the resources, the demand, and the market potential. What we need now is action – investment, innovation, and collaboration to turn this potential into profit.

If you’re an investor, entrepreneur, policymaker, or just someone passionate about transforming Nigeria’s agricultural sector, this is your moment. The cassava value chain is ripe for disruption, and the rewards are monumental.

Let’s stop importing what we can produce. Let’s stop wasting what we can monetize. Let’s turn Nigeria’s cassava potential into global dominance.

Drop a comment, reach out, or share your thoughts. The conversation starts now – and the future of Nigeria’s cassava industry depends on you.
What will YOU do to be part of this transformation?
07062475733

Beware of cows.

PresidObi:
Beware of cows.

Ha 🤣🤣🤣

I'm interested in this

So, what exactly is your point??

What are the steps you are willing to take to change this narration?

Ovo200:
I'm interested in this

So, what exactly is your point??

What are the steps you are willing to take to change this narration?

Let chat or call
07062475733

iniobong888:
Did you know that Nigeria is the world’s largest producer of cassava, churning out a staggering 63 million tons ? That’s more than double what Thailand, the third-largest producer, grows at 27 million tons. Yet, here’s the kicker: while Nigeria dominates cassava production, Thailand controls 60% of the global cassava starch market, an industry worth over $117 billion! Meanwhile, Nigeria imports over 600,000 metric tons of cassava starch yearly, with local production meeting a mere 5% of our demand.

Let that sink in. We’re the global cassava king, but we’re still importing what we should be producing – and exporting – in abundance.

But wait, it gets even more intriguing. Cassava isn’t just about starch. Another golden opportunity lies in ethanol production, a global market valued at over $100 billion. Nigeria currently imports a whopping $350 million worth of ethanol annually, meeting only 8% of our domestic needs. Imagine the potential if we tapped into our cassava resources to produce ethanol locally. The economic impact would be transformative!

And that’s not all. Every year, Nigeria generates over 15 million tons of cassava peels, a byproduct that’s often discarded. But here’s the twist: these peels are a golden opportunity to produce affordable, high-quality feed for poultry and livestock. This could revolutionize our agricultural sector, reduce feed costs, and boost food security.

The Big Question: What Are We Waiting For?
The cassava value chain is a goldmine waiting to be explored. From starch production to ethanol extraction and animal feed innovation, the opportunities are endless. Nigeria has the resources, the demand, and the market potential. What we need now is action – investment, innovation, and collaboration to turn this potential into profit.

If you’re an investor, entrepreneur, policymaker, or just someone passionate about transforming Nigeria’s agricultural sector, this is your moment. The cassava value chain is ripe for disruption, and the rewards are monumental.

Let’s stop importing what we can produce. Let’s stop wasting what we can monetize. Let’s turn Nigeria’s cassava potential into global dominance.

Drop a comment, reach out, or share your thoughts. The conversation starts now – and the future of Nigeria’s cassava industry depends on you.
What will YOU do to be part of this transformation?
07062475733

Who are the buyers of cassava starch in Nigeria?
I understand that corn starch is imported and consumed in Nigeria, but I am not really sure of who imports and uses cassava starch in Nigeria.

I will be interested in producing cassava starch if there is guaranteed market for it.