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Edo Attracts $531.2m Oil Palm Investment In 9 Months

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The 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.

The State Commissioner for Agriculture and Food Security, Mr. Stephen Idehenre, disclosed this to journalists at the inauguration of FOARE Mushroom Production Centre and flag-off of the 2022 farming season in Benin City, the state capital.

He said the Governor Godwin Obaseki-led administration has prioritised agriculture to ensure the realisation of the Making Edo Great Again agenda. Idehenre noted, “So far, we have attracted investments valued at 531.2 million dollars in nine months to the oil palm sector alone via the Edo State Oil Palm Programme . 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.“The programme approach involves the use of Roundtable for Sustainable Palm Oil and Free Prior Informed Consent Guidelines to engage communities in land allocation.

 

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