• July 24, 2021

#Agriculture: Edo Apportions 40,000 Hectares Of Land To 6 Firms For Oil Palm Cultivation

(AGENDAWATCHDOG) – In his bid to make agriculture the mainstay of the state’s economy, Edo State Governor, Godwin Obaseki, has approved the allocation of 40,000 hectares of land to six firms for oil palm cultivation.

The governor, while making this known to media practitioners in Benin City, said the step was part of his administration’s commitment to transforming the agricultural sector, making it the mainstay of the state’s economy.

Edo allocates over 40,000 hectares to 6 firms for oil palm plantation -  Businessday NG

According to the governor, the move was part of the Edo State Oil Palm Programme, which was being implemented in conjunction with the country’s apex financial regulator, the Central Bank of Nigeria ( CBN).

POTENTIAL IMPACT: The initiative will, no doubt, help harness the state’s rich oil palm heritage, diversify the local economy, create jobs and increase productivity in a sustainable manner.

Obaseki's Reform: Firm Sets Up 14,000 Ha Palm Plantation In Edo, As Area  Under Cultivation Climbs To 110,000 Ha |

Agenda Watchdog

Read Previous

First Innovation Center Inaugurated In Abeokuta, Ogun State

Read Next

#Agriculture: C/River Acquires More Land To Boost Cocoa Cultivation