• June 19, 2021

Dahua Paper Company To Invest $500M In Ogun State

=== (AGENDAWATCHDOG) === The Dahua Paper Company Nigeria Limited, Owiwi in Ewekoro Local Government Area of Ogun State says it is investing $500 million in tree plantation for paper production in the state.

This was discosed by a working Partner in the company, Prince Bayo Ikujenyo, when the State Commissioner for Industry, Trade Investment, Mrs. Kikelomo Longe, and her team visited the company.

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According to Longe, in a statement signed by the Press Officers, Ministry of Industry, Trade and Investment, Ogun State, the project, which would be a 10,000 hectare tree plantation is segmented into the cultivation of 2,500 hectares of trees annually for four years, adding that the company had sought the approval of the state government for the 10,000 hectares of land needed.

PROJECTED IMPACT: When the paper production project fully commences, it would help generate foreign exchange, strengthen the naira, enable the exportation of paper to other countries,and create a minimum of 2.5 million direct and indirect jobs.

Agenda Watchdog

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