The Edo State governor, Mr Godwin Obaseki, has reiterated his commitment to provide conducive environment for investors in the state, as part of efforts to diversify the state’s economy and provideThis is as the government is set to benefit from United States government’s financing to the tune of $250million for oil palm and cassava value chain development, special agro-processing zones and renewable energy infrastructure in the state.
The governor said this at the Fayus oil palm plantation expansion ribbon-cutting ceremony in Ewan Usi community, Uhunmwonde local government area of Edo State. Obaseki, who was represented by the head of service, Anthony Okungbowa noted that the state was keen on providing necessary incentives to investors in the oil palm and cassava value chain in the state.
He added that the state government has set up the Edo State Oil Palm Programme (ESOPP to create the necessary interface to harness its arable land in driving economic activity and creating wealth. The chairman, Fayus Nigeria Limited and Fayus Inc., Sacramento, California, Fatai Yusufu, said the company has invested in oil palm plantation, milling, refinery and cassava processing facilities in the state. He noted that the company has an oil palm nursery and plantation expansion plan in Ewan Isi community in Uhunmwonde LGA and an oil palm plantation project in Owan West LGA, with financing support from the United States government.