Agriculture
Firms Partner To Build Sugar Refinery
Agribusiness company, Ellah Lakes Plc, has announced a partnership with Montserrado Investment Limited via a joint venture for the development of 600tonnes of cane per day sugar refinery.
Spokesperson of Ellah Lakes Plc, Geraldine Ofoluwa, who made the disclosure in a statement on the Nigerian Exchange Limited recalled that in December, 2021, the company sealed a similar deal with the Enugu State Government to boost rice production through expansion of Ada Rice Company.
The statement said the partnership, which is a milestone, will help advance the National Sugar Master Plan (NSMP) initiative championed by the National Sugar Development Council (NSDC) in the nation’s quest for self-sufficiency in sugar.
“The Sugar Processing facility is expected to run on 100% renewable power, and the period from construction to completion and commissioning, is expected to be 24 month,” the company said.
The Chief Executive Officer if the company, ChukaMordi, on his part, said “this is a significant landmark for the Company in fulfilling our strategic objective of diversifying our portfolio and production base and we’re very excited to be working with Montserrado.
“We are very pleased at this collaboration and look forward to a mutually beneficial, valuable and fruitful venture”, he said.
Last October, Ellah Lakes began a partnership with the Ekiti State Government geared towards developing the state’s biodiversity and landscape, and, in turn opening up opportunities for wealth creation.
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FG, Ogun Distribute Inputs To 2,400 Farmers
Federal Government and the Ogun State Government, on Wednesday, distributed farm inputs to farmers as part of effort to address food security challenge.
The State Director, Federal Ministry of Agriculture and Food Security, Dr. Toyin Ayo-Ajayi, during the flag-off ceremony of Inputs Redemption Under The National Agricultural Growth Scheme-Agro Pocket (NAGS-AP), in Ogun State, disclosed that beneficiaries of the gesture were primarily rice, maize and cassava farmers across the State.
Ayo-Ajayi commended the Ogun State Government for partnering with the government at the centre for the effort in supporting farmers with inputs that would bring about yieldings for local consumption and likely exportation.
She noted that government is supporting rice, cassava and maize farmers with inputs worth N212,000; N189,000 and N186,000 respectively.
The Permanent Secretary in the State Ministry of Agriculture, Mrs Kehinde Jokotoye, who represented the Commissioner in the Ministry, Bolu Owotomo, stated that traditional farmers are critical in food production, hence the need to encourage and support them with inputs that would bring about desired results during harvesting.
Owotomo said: “Let us make good use of this opportunity, so that the success of this phase will make farmers benefit more from the state and federal governments of Nigeria.”
Earlier, State Coordinator, Federal Ministry of Agriculture and Food Security, Dr. Oluwatoyin Ayo-Ajayi, appreciated the present administration for partnering with the federal government for the initiative, adding that the programme is designed to support farmers at the grassroots level in cassava, rice and maize with inputs such as, seeds, pesticides, herbicides and fertilizers, to boost their production and enhance their livelihood.
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