Home Business Edo government signs N100billion MOU with palm oil investors

Edo government signs N100billion MOU with palm oil investors

by Kunle Awosiyan
Palm kernel

A Memorandum of Understanding MOU worth nearly N100billion naira with seven oil palm investors under the Edo State Oil Palm Programme ESOPP Investors Group has been signed by the State Governor, Godwin Obaseki.

Obaseki, who reassured that his government will sustain reforms and policies say, it would boost oil palm production and rejuvenate the sector for global competitiveness.

The partnership between state government and investors started sometime ago.

The exercise involves the signing of 45,000 hectares of land to about seven companies for the purpose of cultivation of oil palm and it is the first phase.

The mandate, according to the governor was designed to boost agricultural production in Edo State.

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