Edo attracts $531.2m oil palm investment in nine months – Govt discloses
The federal government has commended the Edo state government’s sustained collaboration and investment in the agricultural sector.
This is coming after the state government said it attracted over $531m in the last nine months to the palm oil sector through the Edo State Oil Palm Programme.
The state Coordinator for the Federal Ministry of Agriculture and Rural Development, Mr Wellington Omoragbon, said this at the inauguration of FOARE Mushroom Production Centre and the launch of the 2022 Farming Season in Benin City.
Omoragbon urged citizens to support the government’s programmes designed to accelerate food production, processing and marketing along the various agribusiness value chain.
Meanwhile, in his speech the Edo State Commissioner for Agriculture and Food Security, Mr. Stephen Idehenre, also said the state had allocated over 62, 000 hectres to investors.
Idehenre also explained that the Godwin Obaseki-led administration had prioritised agriculture to ensure the realisation of the Making Edo Great Again Agenda.
“So far, we have attracted investments valued at $531.2m in nine months to the oil palm sector alone via the ESOPP. It was created to bring opportunities to large, medium and small-scale investors in the oil palm sub-sector with the goal of de-risking investments in agriculture”
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