Edo attracts $531.2m oil palm investment in nine months – Govt - Punch Newspapers

THE Federal Government has hailed the Edo state government’s sustained collaboration and investment in the agricultural sector.

The state Coordinator for the Federal Ministry of Agriculture and Rural Development, Mr Wellington Omoragbon, said this at the inauguration of FOARE Mushroom Production Centre and the launch of the 2022 Farming Season in Benin City. Meanwhile, in his speech the Edo State Commissioner for Agriculture and Food Security, Mr. Stephen Idehenre, also said the state had allocated over 62, 000 hectres to investors.

“So far, we have attracted investments valued at $531.2m in nine months to the oil palm sector alone via the ESOPP. It was created to bring opportunities to large, medium and small-scale investors in the oil palm sub-sector with the goal of de-risking investments in agriculture”

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Edo Attracts $531.2m Oil Palm Investment In 9 MonthsThe Edo State government has attracted over $531million to the oil palm sector through the Edo State Oil Palm Programme (ESOPP) in the last nine months.
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