Ekiti attracts $300m investment in agriculture


The Ekiti State government has said it has attracted $300m investments in the agriculture sector in the last three years.
A statement on Thursday said the State Governor, Dr. Kayode Fayemi, disclosed this while speaking at the 2013 World Food Day held in Ado Ekiti.
According to the statement, the Governor added that the investments were from reputable indigenous and international agricultural institutions, including an agricultural company, which had partnered with the state government for the establishment of 2000 hectares of mechanised rice, soybean and cassava production.
He said Dutch Agricultural Development and Trading Company was also working on the establishment of high quality cassava flour processing factory, while Vegefresh had taken over the moribund Orin cassava processing plant and has successfully upgraded the capacity of the plant from 10 tonnes to 60 tonnes per day production.
Fayemi, who said the state government had inaugurated a credit facility worth N80m as well as tractors worth N100, explained that the tractors were targeted at farmers whose operations would impact the agriculture sector.
The Governor, acknowledged the support of multilateral institutions including the World Bank, African Development Bank, the United Nations Development Programme, Department for International Development and Food and Agriculture Organisation for the various …

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


About Author

Leave A Reply