The Director of Agriculture and Agro-industry of the African Development Bank , Martin Fregene, has said increasing investment in cassava production in Nigeria will reduce the annual food importation bill of African countries estimated at about $35 billion.
It is aimed at bolstering private sector-led investment in the cassava seed sector, as well as identifying and engaging stakeholders on the policy reforms required to galvanize the cassava seed sector in order to raise productivity and drive industrial growth projections. “The National Cassava private sector-led Seed Development Summit is particularly important at this time as there is a growing need to leverage resources from private sector players in filling the financing gap in the sector, while providing opportunity for agri-preneurship and agri-business growth. May I mention the need to also accelerate the deployment of other toolkits, notably mechanisation and modern processing technologies,” he added.
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