Nigerian investors embark on 1.5 million ton cassava ethanol project

In Nigeria, Mokk Investments has launched its 6,000 hectare cassava project that will eventually produce 1.5 million metric tons of ethanol and starch. The first phase of the project will include 5,000 farmers and later will scale up to 10,000 in the catchment of Ogun-Osun River Basin Development Authority. Fortis Microfinance Bank will finance the project that is also supported by GIZ and Brazilian agricultural firm, 4iGreen. Key to the project will be engagement of inactive youth into employment.