Obaseki targets 200,000 jobs from new oil palm investments

The Edo State Governor, Mr. Godwin Obaseki, said about 200,00o new jobs is expected to be created from the a Memorandum of Understanding (MOU) worth nearly N100bn with seven oil palm investors under the Edo State Oil Palm Programme (ESOPP) Investors Group.

The governor, who reassured that his government will sustain reforms and policies to ensure an enabling environment for businesses to thrive, thanked the investors for their interest in boosting oil palm production and rejuvenate the sector for global competitiveness.

The governor noted: “We thank all of you for the interest you have in partnering with us in Edo State to fulfill our mandate under the ESOPP, designed to boost agricultural production in Edo State. This journey started a while ago, but today’s event marked the beginning where allottees will take over the plots allocated to them to cultivate oil palm in the state.

“This exercise today, which involves the signing of 45,000 hectares of land to about seven companies for the purpose of cultivation of oil palm will make Edo one of the largest, if not the largest oil producing state in Nigeria. This is the first phase. And the second phase, which we hope will be concluded this year, will be about the same size of land.”

Noting that the investment will create over 200,000 jobs, Obaseki added: “At the end of this programme, when our investors may have cultivated over 100,000 hectares, we would be providing over 200,000 jobs at a minimum. It will make the state more competitive in the oil palm production business.”

The governor continued: “We have been deliberate to ensure that we go through all the processes required, according to international best practices, to make sure that every oil palm cultivated here in Edo is acceptable internationally.

“As a government, we will continue to create the enabling environment for your businesses to yield good returns and will do our best to provide infrastructure like access roads. We want to inform you that the main entry leading to your farm, the Benin-Abraka Road, has been awarded and construction will commence immediately.

Earlier, the Protem Chairman, ESOPP Investors Group, Rasheed Sarumi, congratulated the governor for his vision in making the state an investment destination.

He said: “We thank the governor for his vision in making sure that Edo State remains the nucleus of oil palm production in Nigeria, not only in production but processing. This will create room for other allied industries to leverage and deliver the dividends to Edo people in terms of empowerment, jobs and get the host communities to participate in modern agriculture, which investors will bring to enhance their livelihoods.”

Some of the investors include Agroallied Resources Limited, Agripalm Limited, Saturn Farms Limited; Saro Oil Palm; Fayus Nigeria Limited and Farm Forte Agro Allied Limited