The Federal Government has launched a landmark initiative to integrate 14 million smallholder farmers into the Cassava Bio‑ethanol Value Chain Development Project, a move expected to save the country over ₦3 trillion in foreign exchange annually.
The project aims to reduce Nigeria’s dependence on imported fuel by blending locally produced bio‑ethanol with Premium Motor Spirit (PMS), while simultaneously creating jobs, boosting rural incomes, and stimulating industrial growth.
Senator Abubakar Atiku Bagudu, Minister of Budget and Economic Planning, revealed the plan at a stakeholder workshop in Enugu, highlighting the project’s potential to transform Nigeria’s agricultural and energy sectors. “This initiative positions farmers as key partners in the cassava value chain while promoting industrialization and renewable energy production,” he said.
The program will follow a “Triple-Helix” model, linking government, academia, and industry to improve cassava yields, enhance technology access, and develop infrastructure along the value chain.
Cassava, one of Nigeria’s most important staple crops, will now play a central role in the country’s renewable energy ambitions. By creating structured value chains, the government hopes to foster agricultural commercialization, rural development, and local job creation, while significantly reducing foreign exchange outflows for fuel imports.
The initiative marks a major step toward strengthening Nigeria’s bio-economy and positioning the country as a leader in sustainable energy solutions in Africa. Visit www.jocomms.com for more news.