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BUSINESS ECONOMY

Last Updated Tuesday July 1, 2008


Cassava firm to process 911 trucks daily

BY From MAGAJI HUNKUYI, Jalingo _________________________________________________________

The newly established Taraba Cassava Processing Company located in Jalingo the state capital is to process 911 trucks of raw cassava daily.
The factory will in turn supply, refined starch flour to major food industries in the country who now import wheat and maize for the production of minerals drinks, bread and spaghetti.
This was disclosed by the managing director of the company, Mr Martin Van Leeuwen while explaining some of the products to be produce by the factory.
He said eleven containers consisting of machines and parts have arrived at Lagos seaport and are being cleared by the custom authorities.
According to him as soon as the machines are cleared they will be moved to Jalingo and install for the full operation of the factory
Mr Van Leeuwen said fifty indigenes of the state will be employ by the factory adding that the employment of that number of people will reduce the unemployment problem in the state.
He said the company will upon its profits return to the Taraba state government its shared holding capital within a few years in order to enable the government further future investments into rural production capacity.
According to him, the investment of the Taraba state government and DADTCO represents the most sensible answer to the rising food prices in the country.
He said, the company will support farmers’ food production capacity instead of subsidizing urban based food consumption as a policy to tackle risen food prices in the state and increase farmer income.
He explains that the investment of over two hundred million naira of both Taraba state government and DATCO company will address the need of small farmers in the state to make good return for their investment in the farm.
The managing director said the company will also provide good market out let for surplus cassava produce in the state as well as to Nigerian food processing companies to source raw materials as s substitute to the importation of expensive world foodstuff.


©2005 New Nigerian Newspapers Limited.