- 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 initiative is aimed at providing equipment and working capital support to Master Bakers and High Quality Cassava Flour (HQCF) processors across Nigeria.
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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.