Jungle Journalist Media Limited
  • News
  • Politics
  • Economy and Business
  • Sports
  • Editorial
  • Education
  • entertainment
  • Health
  • Niger Delta
  • Security
No Result
View All Result
  • News
  • Politics
  • Economy and Business
  • Sports
  • Editorial
  • Education
  • entertainment
  • Health
  • Niger Delta
  • Security
No Result
View All Result
Jungle Journalist Media Limited
No Result
View All Result
  • News
  • Politics
  • Economy and Business
  • Sports
  • Editorial
  • Education
  • entertainment
  • Health
  • Niger Delta
  • Security

Obaseki parleys US govt, private investors on agribusiness drive, targets $32m investment outlay

by Jungle Journalist
January 22, 2021
Reading Time: 2 mins read
Share on FacebookShare on TwitterShare on WhatsApp

ReadAlso

Kidnap of 50 JAMB students: Edo Police breaks silence

ASO VILLA 2023: Mazi Sam Ohuabunwa visits Edo PDP delegates, leadership, presents Vision and Mission

The Edo State Governor, Mr. Godwin Obaseki has said his government is focused on building the capacity of the people to attract private investments in agro-industrialization.Obaseki speaking during a virtual meeting with the United States Ambassador to Nigeria, Mary Beth Leonard, high-ranking US government officials and agribusiness investors, said the focus of his administration on agribusiness development is to attract investors into the oil palm sector as well as production and processing of cassava into high value Consumer-Packaged Goods (CPG).This is as a private investor, Fayus Inc., secured 5000 ha in the state for a plantation, commenced the development of nurseries for oil palm 600,000 seedlings and fast tracking on processing CPG for export.Governor Obaseki stated that efforts to reposition the agricultural sector in his first term in office shifted from lamentation to getting the job done by instituting the framework for the Edo State Oil Palm Programme (ESOPP) in support of oil palm value chain development in the state.He said: “At the sub-national tier of government, we have focused on moving from lamentation to getting the job done. This paradigm shift in the establishment of the EDSOPP will now include a move towards renewed focus on Cassava Industrialization Programme through land administration and civil service reforms.”“We want to build the capacity of our people to attract private investments in agro-industrialization,” the governor added.During the parley, agribusiness investors including Fayus Inc., among others present committed to investing $43.7 million in industrial food ingredients and CPG cassava value creation, food science and technology knowledge transfer and increased trade and investment inflows between the United States, Nigeria and other ECOWAS countries.The firm further disclosed plans to invest over $32 million in cassava value creation in Nigeria and an additional $18 million in Ghana and Togo with support of the USAID funded West Africa Trade and Investment Hub (WATIH).The chairman of Fayus Inc., Fatai Yusufu, noted: “We are ready to get the job done in Nigeria and in Edo State. Over the next four years, I promise you, we will be milling oil palm in Edo State from our investment in the newly allocated 5,000 Ha land by Governor Obaseki’s administration.”Fayus is one of six new oil palm investors in Edo State with state-of-the-art nurseries boasting of over 600,000 high-performance seedlings ready for planting by 2021.“Fayus is committed to sustainable cassava supply chain infrastructure development and value creation in Nigeria to meet its latent demand of 50,000 MT High-Quality Cassava Flour (HQCF) for export to North American, European, and Australian markets in addition to in-country manufacturing of CPG in Nigeria and the United States.”

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Share this:

  • Twitter
  • Facebook

Related

Tags: Edo StateUnited States
ShareTweetSend
Previous Post

Ebonyi leaders instigating crisis, APC about God, people – Umahi

Next Post

COVID-19 2nd wave: 39 Edo health workers infected in 72 hours

You MayAlso Like

Election

Wike, Obi, Kwankwaso in fresh alliance deal, as plans to make Kwankwaso VP to Obi underway

July 1, 2022
Building and Properties

Agony, tears as FCTA pulls down 135 houses, illegal structures on waterways to curb flooding

July 1, 2022
National

I would’ve been a native doctor chasing lizards in Aba – Joe Igbokwe

July 1, 2022
National

NAWOJ president describes journalists as selfless givers who get no reward

July 1, 2022
Bizarre

8 killed as secret cult wars resume in Benin City

July 1, 2022
Health

COVID-19: 332 new cases confirmed by NCDC, as Lagos, Rivers leads

July 1, 2022
Next Post

COVID-19 2nd wave: 39 Edo health workers infected in 72 hours

Sunday Igboho: Quick facts to know about the Yoruba activist who issued quit notice to Fulani herdsmen

Discussion about this post

ADVERTISEMENT

Recent Posts

  • Wike, Obi, Kwankwaso in fresh alliance deal, as plans to make Kwankwaso VP to Obi underway
  • Agony, tears as FCTA pulls down 135 houses, illegal structures on waterways to curb flooding
  • I would’ve been a native doctor chasing lizards in Aba – Joe Igbokwe
  • NAWOJ president describes journalists as selfless givers who get no reward
  • 8 killed as secret cult wars resume in Benin City
ADVERTISEMENT

Recent Comments

  • Ogbuenyi Sunday on Anambra police arrest river-bathing prophet ‘Onye Eze Jesus’
  • Stephen CE on List of international stars who have joined #EndSARS/#EndSWAT and what they said

Trending

EKWEREMADU: How My Journey to UK for a Job Turned to Organ Harvesting – David Nwamini

BREAKING: I didn’t attend primary, secondary schools; my university certificates stolen by unknown soldiers, Tinubu tells INEC

World’s richest man breaks record, earns Dangote’s total worth of over N6trn in 8 hrs

ADVERTISEMENT

See the things Peter Obi said that set the internet on fire

JUST IN: Political Extremists Have Assigned Fulani Jihadists To Kill Peter Obi, Says Intersociety

Ike Ekweremadu: What British law says about human organs donation, transplant & trafficking

How 2 Men Lured Nursing Mother to Hotel, Drug Her Yoghurt, Kill Her and Sell Her Baby for N150K

BREAKING: ICPC Uncovers Billions In Cash Meant For Arms, Ammunition To Fight Boko Haram In Abuja Home Of Ex-Chief Of Army Staff, Buratai

Wike, Obi, Kwankwaso in fresh alliance deal, as plans to make Kwankwaso VP to Obi underway

Tansian University on the brink as unending crises rage on

ADVERTISEMENT

Popular Stories

  • JUST IN: CBN Governor, Godwin Emefiele sacked

    1499 shares
    Share 600 Tweet 375
  • BREAKING: Enugu LG election turns bloody, 5 killed as unknown gunmen abduct journalists(+Disturbing Images)

    364 shares
    Share 146 Tweet 91
  • BREAKING: Founder of Synagogue for All Nations, TB Joshua dies after programme

    273 shares
    Share 109 Tweet 68
  • BREAKING: ICPC Uncovers Billions In Cash Meant For Arms, Ammunition To Fight Boko Haram In Abuja Home Of Ex-Chief Of Army Staff, Buratai

    225 shares
    Share 90 Tweet 56
  • EKWEREMADU: How My Journey to UK for a Job Turned to Organ Harvesting – David Nwamini

    220 shares
    Share 88 Tweet 55
  • Lekki girl who sleeps with dogs for N1.5M battling incurable diseases, confesses to friend

    220 shares
    Share 88 Tweet 55

ABOUT US

Jungle Journalist Media Limited

Jungle Journalist Media Limited

Jungle Journalist is an online news and information resource centre dedicated to accurate and timely news reports.

Read More >>

CONNECT WITH US

SECTIONS

  • Aviation
  • Biafra
  • birthday
  • Bizarre
  • Breaking News
  • Building and Properties
  • Columnist
  • Community Reports
  • crime
  • Economy and Business
  • Editorial
  • Education
  • Election
  • electricity
  • entertainment
  • Health
  • Holidays
  • Human Rights
  • International
  • Interviews
  • Law
  • Magazine
  • media
  • Money
  • National
  • News
  • Niger Delta
  • North
  • Obituary
  • Oil and Gas
  • Opinions
  • Photos
  • Politics
  • Press Release
  • Religion and Culture
  • Science and Technology
  • Security
  • South East
  • South-South
  • South-West
  • Sports
  • Transport and Aviation
  • Violence
  • Women and Children
  • Worship
  • Youth
No Result
View All Result

NEWS SOURCES

  • Punch
  • Nigerian Tribune
  • The Nation
  • Thisday
  • DailyTrust
  • The Sun
  • Daily Independent
  • PM News
  • Vanguard
  • Premium Times
  • Sahara Reporters
  • The Guardian
  • Leadership
  • Daily Times Of Nigeria
    • About
    • Advertise With Us
    • Privacy Policy

    © 2021 Jungle Journalist Media Limited - Web Designed by AfeesHost.

    No Result
    View All Result
    • News
    • Politics
    • Economy and Business
    • Sports
    • Editorial
    • Education
    • entertainment
    • Health
    • Niger Delta
    • Security

    © 2021 Jungle Journalist Media Limited - Web Designed by AfeesHost.