BY Francis Akinnodi
Ondo State Government through the state Development and Investment Promotion Agency (ONDIPA) has partnered with a Nigerian agribusiness company, Ellah Lakes Plc to develop and manage 5000 hectares of land, for the cultivation of oil palm and cassava in the state.
According to the Special Adviser on Development and Investment to Ondo state Governor and CEO of ONDIPA, Akinboye Oyewumi said, “we are pleased with this collaboration with Ellah Lakes Plc. and we look forward to a mutually beneficial, valuable and fruitful venture.”
He said the agency was positioned for investment promotion and multilateral corporation in the state.
“ONDIPA was structured to meet all corporate best practices to ensure seamless integration of potential investors, development partners and investments into the growth and development of the Ondo State economy.
“The Akeredolu -led government vision was to make Ondo state the investment hub; a first choice investment destination in Nigeria for domestic and international investors, donor nations and organizations.
“Also to actively facilitate, promote, manage and support domestic investment, foreign direct investment, foreign portfolio investment and grant investments to help nurture new and foster existing industries for social and economic development of the state. The partnership would enhance the development of food chain in the state and provide job opportunities to our youths.”
Speaking on the development, Chief Executive Officer (CEO) of Ellah Lakes, Chuka Mordi said, “This is a significant landmark for the company in the development of our landbank and we are very excited to be working with ODSG.
“I am delighted that we are fulfilling our strategic objective of progressively expanding our land bank and diversifying our portfolio and production base.”