An agriculture development firm, Agro-Allied Resources and Processing Nigeria Limited has commenced the development of a 14,000-hectare oil palm plantation in Odighi Community, in Ovia North East Local Government Area of Edo State.
The firm said it was working on two stages of nursery for the development and had so far fully planted about 500 hectares with work speeding up on the other stage.
A statement forwarded from the Office of the SA, Media, Edo State Government said the plantation development contributed to the overall strategy to regenerate deforested land across Edo and repurpose them for economic activities.
It said the state government, leveraging a robust relationship with private interests, had signed Memorandum of Understanding with no less than eight firms for the cultivation of about 110,000 hectares of land, making the state a hotbed for plantation farming in Nigeria.
The Commissioner for Agriculture, Richard Edibiri, said the state government was seeking to generate billions of naira from the state’s agricultural sector expansion, noting that the impact of the investment is multi-fold.
He said, “Aside the return on investment, we will also have the return on employment. This investment is sure to increase the Gross Domestic Product of the state.
“All this is happening as a result of the conducive environment guaranteed by the state government led by Governor Godwin Obaseki.”
Senior Manager, ARPNL, L Jonathan, said the plantation is part of Governor Godwin Obaseki’s aggressive push to reset the economic base of the state and place agriculture as its mainstay in the post-COVID-19 era.
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