CBN gov says Nigeria imports over $580 million worth of cassava by-products annually

The apex bank, the Central Bank of Nigeria (CBN) says that Nigeria imports over $580 million worth of cassava by-products
The bank notes that  this has made the nation rely on the imports.
The intimation was made by the CBN Governor Godwin Emefiele, via the Bank’s Twitter handle, on Thursday, while commissioning Rivers Cassava Processing Company.
He assured that the facility will help the Nigeria reduce her reliance on imports of cassava by-products.
The tweet read: “The facility will help in reducing our reliance on imports of cassava by-products, which serves as a key input in the production of food items in several factories. Nigeria imports over $580 million worth of cassava by-products annually.
It should be noted that the new facility will help to support the CBN’s mandate of promoting economic growth for Nigeria.

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