Ekiti attracts $300m investment in agric

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The Ekiti State Government has attracted investments in the agriculture sector to the tune of $300m in the last three years.
This disclosure emerged as the state Governor, Dr. Kayode Fayemi, on Wednesday boosted the sector with a credit facility of N80m and tractors worth N100m.
Speaking at the 2013 World Food Day in Ado Ekiti, the governor explained that the investments were from reputable indigenous and international agricultural institutions.
These organizations, according to him, include the Agricultural Company, which has partnered with the state government in the establishment of 2,000 hectares of mechanised rice, soybean, and cassava while New Vision Technology is establishing a $165m agric city.
Fayemi said, “Dutch Agricultural Development and Trading Company is working on the establishment of high quality cassava flour processing factory; Vegefresh has taken over moribund Orin cassava processing plant and has successfully upgraded the capacity of the plant from 10 tonnes to 60 tonnes per day production.
“Others, including Datlex, RENL, GIL, Arewa cotton, and Spectra have partnered with the state to use the vision of the present administration to make the state the food basket of the South-West.”

Source: The Punch – Nigeria’s Most Widely Read Newspaper

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