Friday, April 26, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

Akwa Ibom gov to increase investment in agriculture

Akwa Ibom gov to increase investment in agriculture
October 05
21:48 2019

Udom Emmanuel, governor of Akwa Ibom state, has emphasised the need to invest in any aspect of agriculture for sustainable development and wealth creation in the state and country as a whole.

He stated this while declaring open a two-day inter agency retreat on agricultural investments at the Signatures Royalty Hotels and Recreations, Ewet Housing Estate, Uyo, on Monday.

He said with the rich vegetation and a favorable weather eighty percent of what is consumed within the state should be produced in the state.

Emmanuel said his administration places high premium on agriculture due to its high investment potentials and the derivable benefits in industrialization and wealth creation, harping on the need for all to harness the agricultural potentials to generate revenue and attract agro industries to the state.

Advertisement

According to him all the local government areas have comparative advantages in various crops based on their soil adaptability for cultivation hence they should be harnessed.

“If I could own a farm, no person should have an excuse not to cultivate the soil given the rich vegetation that is suitable for all season cultivation, I hereby direct the ministry of agriculture to undertake free distribution of cassava stems for multiplication and high yield,” he said.

“Also, the Technical Committee on Agriculture must ensure that the rice produced in the state floods the market for use during the Christmas festivals.”

Advertisement

Emmanuel also revealed that the coconut refinery would also refine palm kernel and that the wild palm tree have rich nuts and oil better than other varieties that are good for edible oil.

He said if every individual should invest in any aspect of agriculture the state would in no distant time become a haven to investors while the farmers smile to the bank in their limousines.

“Such produce like Palms trees, Cocoa,Cassava Bamboo,Tomatoes,and also fisheries and livestock are sources for high returns as such any area that excels in the cultivation of any crop attracts a processing plant which would in turn produce more revenue to the farmers, the area and the state,” he said.

“Plans are underway to establish some agro value chain industries including an Ethanol plant, Toilet tissue making plant and sugar factory.”

Advertisement

Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

error: Content is protected from copying.