Premium Cassava Products Division (PCPD), a business entity of FMN Agro, recently collaborated with the Federal government for the 2025 World Cassava Day.
The event, held at the Banquet Hall, State House, Abuja, brought together invaluable stakeholders and industry captains from various sectors to commemorate Nigeria’s position as the world’s largest cassava producer.
The event, which was driven by the Office of the Senior Assistant to the President on Agribusiness and Productivity Enhancement, was themed “Farm to Glob- al Markets: Driving Industrialization, Food Security and Exports”.
The program outcome was anchored on cassava industrialization, youth innovation, import substitution, and export financing, and logistics support, connecting Lagosians directly with Lagos’s dynamic food economy.
He said the initiative, which is a partnership between government and the private sector, will boost agricultural production. Governor Sanwo-Olu, also announced and commissioned the deployment of a fleet of 150 cold and dry trucks, the largest of its kind, in partnership with the private sector.
He stressed further that the initiative “will boost agricultural production and reduce reliance on informal and uncoordinated sup- ply channels, create jobs for our youth and increase economic returns for all ecosystem stakeholders.
“It will be implemented through the Lagos Food Systems Infrastructure Company (LAFS- INCO) and supported by key Special Purpose Vehicles like the Lagos Bulk Trading Company, Ekolog (Eko Logistics), and the Produce for Lagos Fund.
“This N500 Billion Offtake Guarantee Fund will provide working capital for bulk traders, finance for logistics operators, liquidity for aggregators, and credit support for food producers across Nigeria. It is a demonstration of our understanding that our food economy cannot thrive on policy alone – it requires financing
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