- Cassava Bread Fund was created by the Federal Government as part of the transformation policy in the agribusiness sector.
- To ensure that Nigeria becomes the largest cassava processor having occupied the position of largest producer of the commodity in the world, and guarantee the reduction of food import bills; a number of measures including the cassava bread policy were endorsed by the Government.
- Government’s intervention in the Cassava Value Chain by funding Cassava Processors and Bakers would translate to foreign exchange savings and job creation along the cassava value chain and also prevent post-harvest losses.
The Cassava Bread Development Fund is aimed at the gradual substitution of wheat flour with cassava flour up to 20%. This initiative would translate to foreign exchange savings and job creation along the cassava value chain and also prevent post-harvest losses.
The initiative is aimed at providing equipment and working capital support to Master Bakers and High Quality Cassava Flour (HQCF) processors across Nigeria.
For more information about the fund Click Here