The current administration has launched an Economic Recovery and Growth Plan (ERGP) aimed at economic diversification via growth in the agriculture sector and other select sectors. Cassava and maize are key focus crops given their uses as raw materials for various industrial products and strong export potentials. While cassava can be processed into ethanol, industrial starch, cassava flour, sweetener, glucose syrup and animal feeds, maize in Nigeria is primarily used for poultry feed, breakfast cereals and by brewery plants for beer. Maize also has a significant volume of starch content which can be processed into additives such as dextrose and sorbitol used for pharmaceutical products as well as bioethanol, a form of renewable fuel used as an alternative to petrol to power automobiles.
Several African countries are currently harnessing opportunities in the maize and cassava markets – particularly in the continent’s breweries industry as leading brewers within the continent have created new cassava-based lagers, which has stimulated the demand for cassava in their markets. Maize remains a key ingredient in the brewing industry. A number of ongoing government programmes in Nigeria should improve cassava and maize yields in the medium term which should drive cassava and maize agro-processing.
This report provides a broad insight of the Cassava & Maize Markets. In particular, the report:
Information that the Report Provides