Odunoya made the promise in Lagos on Tuesday at the 3rd Annual General Meeting of the company.
You will recall that the Federal Government had projected to achieve 40 per cent substitution of cassava for wheat in the bread baking by 2015.
The government proposed to consequently increase the market for cassava tubers by more than 800,000 metric tonnes.
Odunoya said that the company was planning to expand its employment in line with the government’s projections in the agricultural sector.
``According to the policy agenda, these measures will generate 1.2 million jobs in Nigeria,`` he said.
Mr Sunny Nwosu, a shareholder, urged the company to introduce new products into the market in line with the New Agricultural Transformation Agenda of the Federal Government.
Nwosu advised the company to also look into growing its own cassava.
Mr Boniface Okeize, President, Progressive Shareholders Association of Nigeria, said that the company could pay better dividends if it diversified its product base.
He said that shareholders would expect much more from the company during the 2013 financial year.
Reports say that the company recorded total revenue of N38 billion in the financial year end March 31, 2012, against N34 billion recorded in 2012.
Profit-after-Tax stood at N2.7 billion in 2012 against N2.49 billion posted in 2011.
The company approved 15 kobo per share dividend to its shareholders.
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