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Friday, October 13, 2017

Anambra Govt Signs MOU With Folio Holdings On Agricultural Projects

The State Government has signed a Memorandum of Understanding with Folio Holdings Limited, for the development of an Agricultural project in the State.

Governor Willie Obiano signed on behalf of the State government during the ceremony which took place at the Governor’s Lodge Amawbia.

The project which also has many other technical and financial partners from within and outside the State, will include four thousand hectares of Agro-allied commercial farm for rice and aquaculture as well as an Agricultural training Institute to be sited at Awba-Ofemmili in Awka North Local Government Area.

Under the Memorandum of Understanding, the State government is to put in a total of five point four billion naira as its equity contribution, while the investor will bring the sum of fifty-four billion naira.

Speaking during the event, Governor Obiano said the project is very strategic to his administration’s agricultural blue print, because of its integrated nature, noting that his government on inception, had foreseen the impending fall in oil prices and adopted Agriculture as a sure way out.

While emphasizing that his government has special interest in encouraging agro-investments because of the job potential they have for the youths, Governor Obiano noted that with the way his government structures its Memorandum of Understandings, they will help the state achieve its vision for fiscal sustainability.

The Managing Director of ANSIPPA, Chief Joe-Billy Ekwunife revealed that the project will promote food security, provide raw materials for industries, create eight hundred direct and four thousand five hundred indirect jobs as well as create capacity building opportunities for out-growers.

On his part, the Commissioner for Agriculture Mechanization, Processing and Export, Mr Afam Mbanefo said the State will leverage on the Agric Institute through research to produce high-yield varieties of crops for use in the state agricultural sector, while the Investor, Mr Fidelis Anosike said he decided to bring his wealth home because he has seen the seriousness of the Obiano administration in creating an enabling environment for businesses to thrive across the State, assuring that they will deliver on schedule.

Some representatives of the partners including Chief Mrs Diana Chang and Mr Yaspal Jain said they are confident that the project will be a huge success due to the cooperation of the State government and the friendly business environment in the State.

In a vote of thanks, the Chairman of the State Land Acquisition Committee and former Minister of Health, Dr Tim Menakaya acknowledged that what is happening in the state under the Obiano administration is a silent positive revolution that will make Anambra a model State.

By Kenechukwu Ofomah

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