The Chief Executive Officer of Axxess Group, John Olajide has disclosed plans to commence a $14.7 agricultural project in Ekiti State. He made this disclosure when he led a team of investors to pay a visit to the Minister of Industry, Trade and Investment, Niyi Adebayo.
A statement released by the minister’s Special Adviser Media, Ifedayo Sayo, Olajide said the project, when completed, would provide 5,350 direct and 10,950 indirect jobs.
According to the CEO, the project would be funded by the Central Bank of Nigeria, the African Development Bank, and domestic and foreign investors. The minister also assured the investors of the willingness of the Federal Government to support their investment to ensure they get returns.
READ ALSO: 16 English Premier League Clubs that will Feature Nigerian born Players for 2021/2022 season
In the statement, the minister noted that it is the desire of the Federal Government to support investors to ensure a smooth take-off of their investment, pointing out that a lot of incentives have been put in place by the government which they can benefit from.
The statement said, “He noted that it is the desire of the Federal Government to support investors to ensure a smooth take-off of their investment, pointing out that a lot of incentives have been put in place by the government which they can benefit from.
Earlier, Olajide has disclosed that the group, which included some foreigners, would want to go into large-scale cassava farming and processing for both domestic consumption and export.
According to him, the group would be investing $14.2m in the project expected to be carried out in Ekiti State, with about 3,600 hectares of land cultivated. Also billed for the state is the flour mill of 60 tons/day for an annual capacity of 18,000 metric tons. He put the total estimate of the industrial mill to be established in the state at $7.2m.
