Nigerian Entrepreneurs Thriving in High-Value Cassava Derivatives Market
Nigerian entrepreneurs are leveraging high-value cassava derivatives like starch, bioethanol, and high-quality cassava flour to boost the country's economy. Psaltri International, a key player in the cassava industry, has shown significant growth since its establishment in 2005, evolving from a small cassava trading venture to a fully integrated agro-processing enterprise.
The company's innovative end-to-end sourcing model, involving over 3,500 growers and farmers, has enabled it to meet market demands and reduce import dependence, contributing to rural employment and infrastructure development. Psaltri's success serves as a blueprint for entrepreneurial drive and industrial growth in Nigeria's cassava sector.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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