The Minister of Agriculture, Doctor Akinwumi Adesina says Nigeria is spending over six hundred billion naira annually to import wheat for bread production.
He stated this at the inauguration of the Cassava Bread Initiative in Ado Ekiti, Ekiti State capital, describing the importation as wasteful and a misplaced priority.
Doctor Adesina said the development made the Federal Government to opt for the cassava bread option in Nigeria.
The minister also disclosed that Nigerians are spending ten billion naira to import food items annually, a development he described as wasteful and inimical to the growth of local agriculture.
He said the country should increase its productive capacity in agriculture and patronise made-in-Nigeria products for the Federal Government to achieve its proposed twenty million jobs for Nigerians in 2015.
Doctor Adesina said countries like the US and Britain are making enormous progress in economic development because they are exporting more of their finished products than importing primary products.
The Minister of Agriculture debunked insinuations that cassava bread consumption would increase diabetes among Nigerians, saying it has low glycemic index compared to other brands of bread in circulation.
He said the initiative has drawn the attention of other African nations, including Malawi from where experts have been brought to Nigeria to understudy cassava bread production.