Technology solutions company, Axxess Group has disclosed plans to commence a $14.7m agricultural project in Ekiti State.

Chief Executive Officer of the company, John Olajide who led a team of investors to pay a visit to the Minister of Industry, Trade and Investment, Niyi Aadebayo, made the revelation.

In a statement released by the minister’s Special Adviser on Media, Ifedayo Sayo, the CEO said the project would provide 5,350 direct and 10,950 indirect jobs when completed.

The statement read, “He noted that it is the desire of the Federal Government to support investors to ensure a smooth take-off of their investment, pointing out that a lot of incentives have been put in place by the government which they can benefit from.

 “Earlier, Olajide has disclosed that the group, which included some foreigners, would want to go into large-scale cassava farming and processing for both domestic consumption and export.

“According to him, the group would be investing $14.2m in the project expected to be carried out in Ekiti State, with about 3,600 hectares of land cultivated.  Also billed for the state is the flour mill of 60 tons/day for an annual capacity of 18,000 metric tons.”

Olajide further disclosed the project would be funded by the Central Bank of Nigeria, the African Development Bank, and domestic and foreign investors.

Axxess Plans To Commence $14.7m Agric Project In Ekiti

Technology solutions company, Axxess Group has disclosed plans to commence a $14.7m agricultural project in Ekiti State.

Chief Executive Officer of the company, John Olajide who led a team of investors to pay a visit to the Minister of Industry, Trade and Investment, Niyi Aadebayo, made the revelation.

In a statement released by the minister’s Special Adviser on Media, Ifedayo Sayo, the CEO said the project would provide 5,350 direct and 10,950 indirect jobs when completed.

The statement read, “He noted that it is the desire of the Federal Government to support investors to ensure a smooth take-off of their investment, pointing out that a lot of incentives have been put in place by the government which they can benefit from.

 “Earlier, Olajide has disclosed that the group, which included some foreigners, would want to go into large-scale cassava farming and processing for both domestic consumption and export.

“According to him, the group would be investing $14.2m in the project expected to be carried out in Ekiti State, with about 3,600 hectares of land cultivated.  Also billed for the state is the flour mill of 60 tons/day for an annual capacity of 18,000 metric tons.”

Olajide further disclosed the project would be funded by the Central Bank of Nigeria, the African Development Bank, and domestic and foreign investors.

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