PSALTRY International Company Limited, one of the investors in the Nigerian cassava industry, has said that the country has started benefiting from its investment as the import substitution policy of the Federal Government in cassava starch has earned it $4 million (about N1.22 billion) in the financial year ended 2016.
The company stated that Nigerian Breweries, NB Plc, is the biggest buyer of its cassava starch, followed by Nestle Nigeria Plc and Yale Foods, Ibadan. Cassava starch is used by manufacturing companies as binder and to produce sugar, that is, maltose. Read more