Minister launches multi-purpose flour with wheat, cassava

He said the launch of the new flour product will impact positively on the Nigerian economy by way of huge savings of about N22.4 billion in foreign exchange, wealth creation for farmers, direct farm jobs of nearly 500,000 persons and an income generation of about N24 billion to farmers.“On the processing side, this initiative is […]

He said the launch of the new flour product will impact positively on the Nigerian economy by way of huge savings of about N22.4 billion in foreign exchange, wealth creation for farmers, direct farm jobs of nearly 500,000 persons and an income generation of about N24 billion to farmers.
“On the processing side, this initiative is expected to create additional 1,500 jobs and is expected to create a value of over N800 billion in 10 years,” Adesina said.
The Group Managing Director of Flour Mills of Nigeria Plc, Paul Gbadedo, said the company, “as the leader in the industry has significantly and strategically invested in some food and agro-allied value chains to align with government’s Agricultural Transformation Agenda, create group synergies, support and protect supply chains of our core food business and other downstream activities and ensure long term sustainability.
“These key crops include sugar cane, cassava, sorghum, maize, palm fruits and rice. A good instance of this group synergy is the acquisition of Thai Farms in Ogun State by Flour Mills of Nigeria, for the cultivation and production of cassava tubers.
“The Thai Farms have the capacity to process 300 tonnes of cassava flour per day to produce 75 tonnes of high quality cassava flour. We also have 10,000 hectares of farmland at our Kaboji Farms in Niger State and 5,000 hectares in Shao, Kwara State among others for the cultivation of cassava to supplement  Thai Farms, cassava and other value chain crops to provide critical raw materials for our food business,” Gbadebo said.