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Ondo, firms sign MoUs on agric projects

Gov. Oluwarotimi Akeredolu of Ondo State on Monday, October 23, 2017 in Akure, the state capital, signed Memoranda of Understanding with two firms on agricultural projects and appealed for speedy take off of the projects.

Oluwarotimi Akeredolu
Gov. Oluwarotimi Akeredolu of Ondo State

Akeredolu signed the MoU for the construction of a powderised egg factory with Greenfield Poultry Ltd.

The second MoU with Adventum Global Inc, USA, was for the construction of a factory for cultivation and processing of large scale agricultural products.

The governor thanked the managements of the companies for their interest in the state, adding that construction work at the project sites should begin in no distant time.

He said that his administration would do everything possible to establish an independent power station to service all industries in Ondo.

Earlier, Mr Paul Obanua, Team Leader, Greenfield Poultry Ltd., commended the commitment of the state government to the egg factory project.

Obanua said that the factory to be sited in Emure Ile, Owo Local Government Area of the state, would be the first powderised egg factory plant in West Africa.

He said that the ground-breaking ceremony would be on Nov. 20 and added that the firm was partnering with the Central Bank of Nigeria (CBN) on the project.

The team leader said that the company was fully committed to helping in industrialising the state.

On his part, Mr Isaac Oghogho, Chairman, Adventum Global Inc, USA, said the firm would invest more than $40 million in the 4,000 hectare project.

Oghogho said the primary objective of the project was to set up an integrated agriculture value chain from cultivation to processing, marketing and distribution.

He said that more than 3,000 indigenes of the state would be employed by the scheme within the first three years of its commencement.

By Ayodeji Alabi

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