Africa’s first cassava-based sorbitol factory, constructed by Psaltry International Limited (PIL) in partnership with First City Monument Bank (FCMB) and Unilever Nigeria, has been commissioned in Iseyin, Oyo State by the Governor, Engr. Seyi Makinde, . At the commissioning, Makinde said: “This is another value addition to cassava, which Oyo State is known to produce in large quantity. We are …

Local industry analysts have urged the Federal Government to take swift and deliberate action to cushion the effects of the disruptions the global wheat market have on Nigeria’s wheat value chain. The analysts made the call in a recently published review of the global wheat market following the war between the two top wheat exporting countries – Russia and Ukraine. …

President of the African Development Bank (AfDB), Dr Akinwumi Adesina has said Africa must prepare for the inevitability of a global food crisis occasioned by the Russia-Ukraine war, which has been on in the last two months. According to a statement by AfDB, Adesina said this while speaking about Africa’s priorities as a guest at the Atlantic Council’s Africa Center. …

As all manner of weapons are deployed in the Russia-Ukraine war, the devastation impact has provoked a world food crisis. Last month, the Food and Agriculture Organisation (FAO), an agency of the United Nations, reported that the world food prices jumped to nearly 13 per cent, an all-time high attributed to the impact of the conflict on markets for staple …