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Friday, December 9, 2022

‘Agriculture, panacea to Nigeria’s economic woes’

By Josephine Oguntoyinbo


As Nigerians look forward to the country’s economy revival, the agriculture sector holds the ace for the goal to be achieved.

The Managing Director, Ore-Irele Oil Palm PLC, Emmanuel Banjo made the assertion while receiving members of the House of Assembly Committee on Commerce and  Industry.

Mr. Banjo said the company had made tremendous progress within the last three  years and thanked Governor Oluwarotimi Akeredolu for giving agriculture the attention it deserves in the state.

The GM hinted that the company has replanted over 300 hectares of seedlings with the intention to plant another 100 hectares before the end of the year.

The agric expert emphasised that they would continue to do so every year in order to have a guaranteed future.

He therefore sought the support of the committee to help the company do more especially in the areas of getting more lands and security to prevent encroachers from getting into their plantations.

Responding, Chairman, House Committee on Commerce and Industry, Rasheed Elegbeleye while appreciating the management of the company for their efforts to boost the state’s economy, he noted that the  industry is very significant to the nation’s economy as it provides raw materials for the food, Cosmetics, Pharmaceuticals, Plastics and Bio-energy industries.

He appreciated founding Fathers of the company for the investment from which the State is still benefiting till date and urged drivers of the economy to focus on agriculture in order to stimulate national growth.

While thanking the State government and Management team of the oil palm company for revitalizing the sector, Elegbeleye assured of policies that will aid the company’s operations particularly in getting more lands for planting.


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