Business
Bayelsa Oil Palm Company Resumes Production, Soon
The moribund Bayelsa Oil Palm Limited which has been in limbo for many years will soon come on stream and produce in full capacity if all the plans being put in place by its present management materialise.
The Managing Director of the firm, Mr Gilbert Imoladei Adeh, who stated this in an interview with journalists in Yanagoa said that plans to rehabilitate the company had reached an advanced stage with two locally fabricated mills and other facilities expected for immediate take off.
Mr Aden said that a lot of things needed to be put in place, before full productions could begin because, according to him, the company was already dead before his assumption of duties, saying through the efforts of the State Governor, things had started taking shape.
“Governor has authorized the release of funds, vehicles, while some tractors intended been acquired from Niger Delta Development Commissions (NDDC) for our operations”.
He said the company intends to expand its programmes and had therefore acquired another 930 hectares of land from Otuokpoti and Elebele Communities to add to an existing 1,200.
“Our target is 2,500 hectares of land. We are going to plant 80,000 oil,palm sprouted seeds received from the Federal Government before April 2014”, Mr Adeh further disclosed.
The Managing Director further said “local palm oil farmers in the state would be encouraged to buy seedlings from the company at subsidized price”
He, however commended the state governor, for including the rehabilitation of the oil palm in his restoration agenda, saying that in no distance time, the company is going to be one of the largest employer of labour.