Connect with us


Obaseki’s agric. reforms attract N29bn investment in oil palm, rubber – aide



Obaseki’s agric. reforms attract N29bn investment in oil palm, rubber – aide

The Edo Government on Friday said it attracted over N29 billion private investment in the agricultural sector, targeted at oil palm and rubber plantation development.

The Special Adviser to the Governor on Media and Communication Strategy, Mr. Crusoe Osagie, disclosed this in a statement made available to newsmen in Benin.

Osagie said that Gov. Godwin Obaseki’s vision to transform Edo into an investment hub in the last three years and seven months, had created an enabling environment for investors.

“The governor’s vision has made the state an investment destination for investors seeking to develop plantations.

“The key investors in the state’s private sector-led plantation development include Dufil Prima Foods and Rubber Estates Nigeria Ltd.

“Dufil Prima Foods will be investing US$600 million (N23.2 billion) in pursuit of its backward integration programme by setting up 17,954 hectares of oil palm plantation in 14 communities in Ovia North East Local Government Area of the state.

“The Rubber Estates Nigeria Ltd. is expending N5.1 billion in reviving the Urhonigbe Rubber Estate in Orionmwon Local Government Area which has created jobs and improved livelihood in the target and surrounding communities,” Osagie said

According to him, Dufil Prima Foods is committed to creating employment opportunities and reducing importation in the state.

“The company has undertaken a crop compensation exercise in the benefiting communities, which paves way for the oil palm plantation project that will include installation of an integrated palm oil mill.

“The next step after the compensation exercise is the Environmental Impact Assessment (EIA) as well as the Roundtable on Sustainable Palm Oil (RSPO) mandatory assessment and development of nursery,” he added

The governor’s aide disclosed further that Rubber Estates planting operation would be in two phases, with the first phase covering 1,300 hectares and the second covering 1,000 hectares.

“About N5.1 billion will be invested in Urhonigbe Rubber Plantation and a total of 350 workers will be employed on the plantation.

“Other key investors in the state’s booming plantation farming sector include Nosak Group; Presco Plc and Okomu Plc, among others,” he said.

Edited By: Oluyinka Fadare/Ejike Obeta (NAN)

Nefisetu Yakubu: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]

Mosque reopening: EKiti Muslims to bring private praying mats, ablution kettles Oil prices rise, head for weekly gain amid cautious hopes for fuel demand recovery U.S visa ban: Nigeria has substantially met demands, says FG Committee United States agency warns against toxic hand sanitisers Andreescu will not defend United States Open title Serena beats Venus to reach Lexington quarter-finals Gov. Umahi rejects Ebonyi’s transfer to Police Zone 13 Division UN Chief welcomes Israel, UAE peace agreement Caretaker committee promises better times for Anambra football stakeholders, unveils new FA secretariat NAPHER-SD identifies loopholes in sports industry policy draft, calls for review COVID-19: PTF working with partners to implement comprehensive response to virus How I survived COVID-19 — Foreign Affairs Minister Leipzig stun Atletico Madrid to reach Champions League last four Workshop identifies harmful impacts of Global Gag Rule on developing nations Okei-Odumakin mourns former US Ambassador, Walter Carrington Nollywood: Censors Board, stakeholders hold roundtable on policy for release of films Not the right time for me to return to Barca as coach, Xavi says Anambra monarchs protest suspension, say “nothing warrants it” Edo Election: Ize-Iyamu promises to harness solid minerals in Akoko-Edo COVID-19: Commission refunds 2020 Hajj intending pilgrims in Adamawa Edo 2020: Crowds at rallies thrill Shaibu Board decries increase in maternal, newborn mortality in Plateau FG will prosecute destroyers of Akanu Ibiam Int’l Airport fence – Minister   IPAC dissolves interim committee, fixes  Sept. 5 for election NiMet predicts cloudy, thundery activities Friday to Sunday Nigeria’s low COVID-19 cases due to low sample collection — NCDC Members pass vote of confidence in ALGON president, Kolade Alabi Osinbajo advocates purpose-built software for virtual court proceedings Oyo govt. to spend N5.5bn to remodel Salami Stadium Resurgence of COVID-19 on health workers worrisome — Minister NGO empowers 40 rehabilitated youths in Kwara LASG gives cash donation to victims of rainstorm in Badagry Left Handers Day: We are blessed, intelligent – Jos left handers Monarchs laud Buhari’s developmental efforts in South East UNnilag VC position not vacant – workers unions 684 evacuees test positive to COVID-19 — PTF FG begins reform of Calabar, Kano special economic zones PenCom mulls contributors RSA transfer window -Official Lagos Police College, LASCODA partner to promote coconut development MTN Nigeria lifts NSE market indices further by 0.38% Christian group urges FG to end banditry, kidnapping, others CAN announces intercessory prayer session over insecurity in Nigeria Banditry in Katsina will soon fizzle out – Sen. Barkiya TETFUND could perform well with available resources – Minister Gov. Diri urges Agip to relocate to Bayelsa Abia needs competent leaders, not zoning — Otti ActionAid Nigeria urges small-holder women farmers on NAIC facilities UK, Nigeria partner on regulatory reforms on right of way 38,000 vulnerable households to benefit from CACOVID relief items in Zamfara    FG inaugurates team on digital innovation for improved service delivery