It is common knowledge that Nigeria is the world’s largest cassava producer with an annual crop of about 60m tonnes accounting for some 20% of global output
 Many of our staple foods like gari, fufu, akpu, lafun, etc are made from cassava, which is why we will never have food shortages in Nigeria. No matter what goes on in the rest of the world, Nigeria will always be able to live off cassava and yam. We also produce all the additives to go along with them like egusi, bitter leaf, spinach, etc
 It is estimated that worldwide, about 800m people depend on cassava as a source of staple foods and if Nigeria was marketing this crop well, it would generate at least $5bn a year for the economy in the form of export earnings
 All this should have changed with the spread of coronavirus and the surge in the demand for hand sanitizers. The most important ingredient in these sanitizers is ethanol, which is generally made for from sugarcane and cassava
 Worldwide, there has been a surge in the growth of cassava, with tropical countries boosting production to cash in on this demand. In Zambia for instance, about 150 tonnes of cassava is being converted into ethanol daily to supply this new market
 With hand sanitizers certified as being effective and capable of killing 99% of virus and germs, demand can only grow. With ethanol accounting for 70% of the contents of these sanitizers, Nigeria is sitting on a potential gold mine
 Given that Nigeria also has the potential to be a major sugarcane producer like India, Brazil, Mexico or Thailand, there is absolutely no reason why we should not be the world’s number one producer and exporter of hand sanitizers
 Given the limited future of crude oil, I wonder why Nigeria has not stepped up and made the switch. From what I can see, cassava alone can generate $10bn in foreign exchange earnings for Nigeria annually
 Now just imagine the income we would generate if Nigeria was processing her cassava into ethanol and then using this to make hand sanitizers. Can you imagine how much we would generate annually if say Nigeria accounted for 20% of global hand sanitizer production?
 Hand sanitizers are actually easy to produce and the capital outlay for factories is not that large, compared with say automobile assembly, steel plants or bottling factories. Our problem is we are just finding it hard to get out of our crude oil comfort zone. Nothing stops cassava products from generating the $30 we get from crude oil sales annually but our mindset!
SUPPORT NIGERIAN CANADIAN NEWS
If you like our work and want to keep enjoying what we offer, kindly support us by donating to the Nigerian Canadian News through the button below
Share your thoughts in the comments section below
Do you want to share any news or information with us? If yes, contact the publisher at firstname.lastname@example.org