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Home Niger Delta News Edo State News

N100bn oil palm investment will strengthen smallholder farmers’ scheme in Edo – Obaseki

by Tariere Alaibe
2 weeks ago
in Edo State News
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Ossai Osagie, Benin

Edo State Governor, Mr. Godwin Obaseki, has assured that the N100 billion  investment in the state’s oil palm will further strengthen the smallholder farmers’ scheme in the state.

Godwin Obaseki

He says the investment is in furtherance of his administration’s vision to make agriculture the mainstay of the state economy.

The investment is being driven by seven oil palm investors under the Edo State Oil Palm Programme (ESOPP) Investors Group.
Obaseki, who noted that smallholder farmers are key to the growth of the oil palm industry, said the state government is partnering with the ESOPP Investors Group to boost agricultural production in the state.

The governor, while speaking to journalists in Benin City, said his administration is committed to harnessing the state’s rich oil palm heritage, diversifying the local economy, creating jobs and increasing productivity in a sustainable manner.

Obaseki maintained that the huge investment will create over 200,000 jobs in Edo State as the investors plan to cultivate oil palm on over 100,000 hectares, adding, “we would be providing over 200,000 jobs at a minimum. It will make the state more competitive in the oil palm production business”

He further reassured that his government will sustain reforms and policies to ensure an enabling environment to attract investors.

The governor added: “We will involve the local communities and sensitize them to ensure that they participate in the programme. The programme has been designed and smallholder farmers have been included and will come from our communities.

“Our focus is to ensure that Nigeria becomes self-sufficient in no distant time in oil production”.

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