Edo attracts $531.2m oil palm investment in nine months and allocates over 62,000ha to investors – Nigerian Observer

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… targets 200,000 new jobs, distributes 21 motorcycles to extension workers

BENIN CITY – The Edo State government has attracted more than $531 million in the past nine months to the palm oil sector through the Edo State Palm Oil Program. ‘Edo (ESOPP).

Edo State Commissioner for Agriculture and Food Security, Mr. Stephen Idehenre disclosed to reporters during the inauguration of the FOARE Mushroom Production Center and the launch of the 2022 agricultural season. in Benin City.

He said the administration led by Governor Godwin Obaseki has prioritized agriculture to ensure the achievement of the Making Edo Great Again (MEGA) agenda.

Idehenre noted, “So far, we have attracted investments worth $531.2 million in nine months in the palm oil sector alone through the Edo State Oil Palm Program (ESOPP). It was created to provide opportunities for large, medium and small investors in the palm oil sub-sector with the aim of de-risking investments in agriculture.

“The program’s approach involves using the Roundtable on Sustainable Palm Oil (RSPO) guidelines and Free, Prior and Informed Consent (FPIC) to engage communities in land allocation. A total of 62,500 hectares have been allocated to investors. The program is expected to create over 200,000 jobs across the value chain.

“We will add more than 1,000,000 metric tons to local crude palm oil (CPO) production by 2030,” the commissioner added.

He said the newly inaugurated production center will create 50 direct jobs and 200 indirect jobs, noting, “I thank the promoters of this venture for their commitment to supporting the government in creating wealth through innovative approaches like this. .

“I urge everyone, especially farmers, to take advantage of this event to interact with experts and major players in the agricultural value chain to grow and increase the productivity of their business of interest.”

“We are distributing 21 motorcycles to frontline agricultural extension workers during this event to further strengthen extension service delivery and knowledge management. The state is making steady progress in agriculture, which will make the sector a major economic pillar for job and wealth creation,” Idehenre said.

Earlier, the State Coordinator, Federal Ministry of Agriculture and Rural Development, Mr. Wellington Omoragbon, praised the government’s continued collaboration and investment in the agricultural sector.

Omoragbon urged citizens to support government programs aimed at accelerating food production, processing and marketing along the agribusiness value chain.

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