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DAllY TRUST

Business/Agric '"

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DUS N ,SS~ 21

Tue,day, October 4, 20 11

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I~ 010 percent cassava bread is possible' MIS. Gloria Nwakaegho. Elemo is the Director General and Chief Executi ve Officer

By TIna A. H2'sS<ln

«([-0) of the Federal Institute of Research in Oshodi. ln th is inler:view. she explains

00 yO Il tJ,in '( the 10 percent c:lsuxa ;ubslitulio n nOUf wO I!H workf 11,t: inclu<;,' n of I0 per-cenl 05Uv:I nour in ·..,hcal.Jon nut rl1~ke ~ny

3pp-Kiablc differ-

ence In tUniS 'Jf II~ lature. 1~lc nr the qu;!Ity ofhrad in any "'lIY. Can'fUn~la.in ho"'rour .vnCl"1'ZlI"-b!~lol,,du dc

pC'fl:enl lund!

{It'UJ"

10

ill prodllcin!

Th~ rtS~-h

star1cd wa)"

b;w:k in the cu' }' 11l70's i n the Federal InstilU c of R"staTch. O<Ihodi O:IROI. But b«au~ or f«Cf1t d~:lOVl1lcnt. lhe need to) h~\~ c' 'TJ1P<'sil~ flour II) rC'dll':~ ll,~ ' mpo rtatlon of ",hn l h15 cl"'fs bn", panmOlin' with tJ- ~ FI RO and a lot of 'YOrk ha: ~n dQllO: bl this 1"'0::\ Il.<in't CUJa\-a and c~rrals It'Stin! 10 aplor~ thd. oi.bililr Ca"!'1\'lII'Mticululy can be i .. dud~l In no tr (or up to 30 I~rc:ent for mll:ing brud and would II 'lI mu. , III)' lll'p recia bl~tli([er ~ncca! h'l:Uaslnoth~r

bill'.ed lto:ltU Ini conr«tlontry, Is tl-en

m;oJI:1nl!

II

bn.~d

pOMlh ilily or wllh 100 pet-

19 IEI

why the 10 percent C3n<lva for wheat flour substitution would succeed. cen t CA.u..'1I breadf Yes, il d~nds on the cuI 1\111: and il wou ld not be Ihe convcntional bread. You know (uhuff! affects our I:,u le. Food Is. culturalthi"g"OO you u.n mak~ peoplc adapt 10 tho: I2!le of what yuu ",-ant f\rczd """lI nOI onr food initlall) but ,I hilS been broughl InlO 0Ul' dll"! and rroducoed In a partktllar form and anYlh lng thll J c\;.I" fronl that form

may not be Kfll as bread and Ihal Is wh)' wc arc gn.dually 1"lreducing the CllS.IYJ. nour so 1... llhe original taslc, tex, lUre "nd n3turr of the bread Is "'11 clifferent and iltuta just IlIte ]00 percen l whcat bread, Therr are CQWlI~ Ihal 111: luing high~ composites ill the ~k.ery and tlu!. is Lu lIUnrJly acctptabie 10 Ihem, So far In Ni~ri., "'e slilI depend on OUt con\"ftllion.l br\'ad ~nd • (ar devbtion from Ihal m il' not be.ocepl3ble butca!.S<l ". is a Vtry good alto:T"nalive, f low mu ch lire lVO:c:lI'C'CIIn8 10 cul:alI cos l ofl mportlltlon of whul if ...o: su!Js lilule 10 percent CUSIY3l

It h nol ~ctuall}' tbed'TNI of costing Ihll we "~ looking II, bul the r..et is "'e would open a m arket for cassa\'a farmers 10 cam hugoe Income bcc:aUK we would need ",hom 300,000 lTll"!rk Inns of eAS$OlVZ an nu aUy and 10 gel liou quantity of ussava, jobs ....'OUld be crrlied, Ihe va lue chain would be d~ve l ol'oed

It u p;oing 10 cfl(Cour.age III t1cullu rc alld th e pbnling of (as53'~ bca.use II U now • business Ih3l un gener.ol.c

lH MeliOR PEI!SIOfISPFA RSA FUrm

STATnlENT Of ASsm AIID UJIlllllllli ~ AT 31 DE(F,M1J~R, 2009 ioo~ f "'OIl

"

"

1I...<;S-<;FT~

("h at b !I'~ 111'{estmel lts O.lteJ'M!"ts

"~H,9H,Z'I6

1:!7~512j

-=.!Z1

ialEI lEI MiCHOR PENSIONS MANAGERS lIMITED DA!JlI'ICESHeer AS AT 31 OECEMUERJ 009

.

".,

~.

I'.ss-m

IJ,'!I!5,tH 213,68UIU9

rae\it.l.-et5

.J..gJJil.l!1.i

-"""""-

512 112.Q<KI UJIIIIUTJ5

~~2m

-1_

1,OS9,09Z,S85

5'J!i,8ZS,693

4

CONTPJIIUTORS' FUN!) tlemb!~' Contr lbutlol't SU!plUJ b 'lISfened from Jnr;:~

E.."'P''Ild1tlJrt Accoont

Even theiocal commcrdal baUriCi Irc alread)' bUing with 10 percenl czuava :rnd Iho: rcsult h~, betn the sanlt, Do }'OU t hink cassan inclUSIon (:In be ~ u" :Uno:d fo ,'l> e nu t IO)"ea.,r Yes. il u n be sustained for'evcr, Casuva is OUf crop of

000 ""'"

U"SUJi JFS

Sundry O'!ditols lrod AccrLJ.Jis

ass:\~, W~ can cu\Civalc ClllISo'\n ,"'th minimal equ irmelll because It'l a rusged crop so il can be slistailled bcclIu_.e ~,,:til , ability Is not a problem , Son.e n 2.ke holtlus '1,1)' tbal induding 10 percenl is 100 hall ly, Arc )'ou ofthe S:U\1e opinl onr AI FI RO, ..~ UK hi~h qUI-Iity cass.tn brc;td 10 produce bread hcczUK "'e h~,'e done :II numoo of racarches on cassaVll nour and some oftl.e ilcms It nil be usW 10 produce. Il ow do r (lu inl end In UK rOur agency 10 hel l' rnrnlUS kef inlo al.!..q", procC!J~in!! TIlls Issue of tU53\,a '5 nol new, \\'C h,,~ hem lalklng :aboul ~I for quile some time now and C"t'f}'1hing has been rul in "bee 10 make II '\'(Irk. The onl)' thing Ihal ".,.~ left;' pullillg II Into bw and Ihll is the ~enais of the 10 I'ercenl poUcy and once it I, PJ»CS into bw, tht'f1 c''ct')'bodj' is bound by il but when Ih ere I, n" law, Illne Is no enforcemenl b thtre provis ion for dosIng (lur bold~r to Ihe lmpon ing processed ca!.S<lv1'; f

sUIt'$.

Q<h ~rd shott leom l\JIlI

9,545,622

39,323,360 1,075,599,476 1 128 638 030

~Ild

hu~ Income for the farmer, we would hwc Ihe lntermrdJale manu(ac:lu fCS tllli ....'OUId feed the Oour millen and those th.>\ would aJlO' t, II is going 10 be an Icth'e chain and (US&'~ is much chnpel' th:m ....11c:ol flour thereby CTCallllg jobs an d the whol~ idc:o iJ: to mIke us food l uffidcnllu OOfO\\'n counlry. Apart from !lIe reduction in CO! I of brcad, there would hcJa\1ng for foreign uchangc, we would be able to (Teltc Jobs. CTCale wealth and e>I nurown

noll-live advantage, WClire the world's leading produan of

Clop from our own land. H olY has the IU!l"! mukl"! r caclC'd 10 brnd m boed >lith 10pcrutll nss",,,,,,1 We hope Ih" the 5lakehold...-, would tnsure tht success or Ihls initialh'C because We have no choiet iflhe govcmmt'fll Is moving In !llil dirNOOn socverybody should be onboard, We thanlt God Ihatpcrnmml ilmingup lo Ihl$ challenge .. ,uch a crilical ' momenllh rough !lIe Fnfcr.al Mir,i!.lryof Agric:ul1ure. AI Fmo, ,.~ h,\,e done qultc lot of ...."!llk and oflr.lining both at Ihe high ami the 10'" level.!.. 'Ve h ..·c denlOnsirolled dlfferenl baking Iypes from Ihe mud m'en, basic cl}lnplllTl~nta.ry baking tKhnique ,ns dcmonstnloed, "'e have demonstr.ucd wilh highl)' sopIoIStKlltd bakinl! cquipmelll as well across

8

Wl.J§.lOj

41?1.<!0~

...l.1~

510:mQ2:1

J16.25I,5O-1

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---

TOTAL U II!IIl.ITlB

-"""Ll!!i.

-"-"'-""

NETASSnt

-----"Llli

5!Hlllli l

1,000,000,000

1,0000,ooo.oao 6'i,170,9'lO

SNII~

lin; nd ~15tlttmenl:5 Wl!~ Jjlproved by thl! Admlnlsb'atar 0( thc fu'lll on 1['~ 1Q.W.anc;lslgncd on b behalf by:

J~JlMJfl

-"""""

Sundry ~~ and Aarum &pmozs

,

""""",.

l h~e

11J,219,350 11l-1.702.57J

Tc.1Io!o

EQUITY

112.16:HOJ2 I 512.112&10

",.

..•

l'Ierrium

-""'~

SHMflfOLDlRS ' F1JNOS

65, 110,000 (J I!§~

6111 ~1I1

_559~

62.431,5010

B&O:J~ I

Wli

,MMIAIU.9J

I t)!! O!ct'X nt!1g poIcles on PJges J aM !he ~ on pages 7 ilnd 8 (olin PJlt of these ftMnd:>1 s'atemtne.

lEi ANCIIOR PENSIOrlS PFII RS/\ FUND !iTATEI1ENT OF INCONE liND EXPENDITURE FOR TIlE nAil I' NDEO 31 DECEMB ER, 2009 IrIcom, Interest 1m erm! Dll'itJerl:l Pl'(f'fnod G.li .. tin '-l'e of bond/Sha ft'!S OIhCl l/'Itt ne

n ete

.... "

H,791,625 478 r l9S 10,186,-134

-=z

i~ ' 1/

lEI ANCHOR PENnONS MAMGERS UMITEI) PROFIT AND LOSS ACCOUNT FOR TIlE YEIIR ~NDEO 31 DECEMBER, 2009

.

15,135,653

jjZOjH UN,.19

~

TotBlInO'fll~

EIII'Etlse; r~

""

ra ftmIlle I~]nmn!!

~"1tlItl"!

F'nlflonm .... /okIhor~

Mnnl!tRtmi El:re~cs l.o!II on ~ IdMtieJ; bcfDnl T.tution

TllUllon ~fOf Ihe~.JI

TflIrBft III III"!Ie'n!!

lll!5ll"",Sh.e{Kdio) ThelCtoUrrtklg ~on~156 f1Mnt~ IWt-.!U 111!! I((('I\J! ling pol!dl!:I 011 PIpe! ] lind Ih ~ not\!! on /I3g..,.; 1 ~nd 8 form p~Jt of U_ 1il~1K~

sl !1ml!!n3,

..• ..

,.,.

~008""

12,115,916 877,326

15,131,430

1,4211,127

,..,.""

----"1.ll!O H,II1"J,I37

619.338,tl1& {5II1,25II,9J'JJ

11.9,616

1 6,914,~

m.16 I,O-fl

(lZ!J,2&4,5011)

~

'- _."'1" " itnd 71Tl1llhenol!5on pil!Jl51 1 lnd IS- rco-mpa!l nflflc:R


DAILY TRUST, 04 OCTOBER, 2011