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January 14, 2008 | Jim Lane | Comments 0

Nigerian cassava growers say that ethanol investment provide 13 percent return for farmers, 83 percent return for communities

The Nigerian Cassava Growers Association said that Nigeria will save over $6.1 billion by 2012 on the importation of kerosene and gasoline. The group also said that a study by SJH Associates demonstrated that a $60 million investment in an ethanol plant results in more than $110 million in increased economic activity, and that farmers who invest $20,000 in ethanol plants receive an average 13.3 percent return on their investment.

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