The Cassava City in Osara, Kogi State, has received a boost following arrangements by Contec Global, Geron Oil & Gas and Jil Farms to invest about $25 million in the cassava farms.

The director of Contec Global, Dr Sashi Mozumder, who made this known at the Cassava City Day held at the Confluence Stadium, Lokoja, said his company, in partnership with Geron Oil & Gas, Praj India and the Nigeria National Petroleum Corporation (NNPC), will be producing 40,000 litres of bio-ethanol per day.

He said, “The investment start-up on a turnkey basis is $25 million. The plant will employ over 2,500 people on a full time basis.

“Contec consortium will provide inputs to farmers who will serve as out-growers for the scheme. They will also provide basic infrastructure such as rural roads, power and health centres.”

The managing director, Geron Oil & Gas, Mr Haruna Madisca, and Mr Yakubu Danjuma, representing NNPC Renewable Energy Department, confirmed the commitment of their organisations to the project, saying the environmental impact assessment and soil tests are currently ongoing.

Also, the managing director of JIL farmers, Dr Ayoade Akere, said his firm would be investing in cattle production in the cassava city and would derive most of their feedstock from cassava.

He disclosed that they had already performed major corporate social responsibility projects in education and health care within the cassava city.

The Central Bank of Nigeria, through its representative, Messrs Onoja Enenche, stated that it had already verified over 240 farmers for the Cassava City to access the Enhanced Anchor Borrowers Programme.

The Kogi State commissioner for agriculture, Mr Kehinde Oloruntoba, eulogised Governor Yahaya Bello and reiterated his commitment to transforming agriculture in the state with emphasis on cassava “since Kogi is the leading cassava producing state in Nigeria, with production of 4 million MT per annum to the nation’s 58 million MT per annum.”

The state coordinator, APPEALS Projects, Dr Sanni Ozomata, stated that the World Bank project will support the cassava city in terms of infrastructure and value addition.

UNICANE and Crest Agro, which currently own large ethanol companies in Kogi State, expressed their delight at the project, saying the cassava city will provide more feedstock for their operations.

The managing director of Kogi Agricultural Development Project (ADP), Mr Okatayi, said with the success story of the Cassava City, the concept would be replicated across Kogi with maize, rice and other crops.

“I implore all stakeholder to remain studious and trust in God. The investors had proof of capital, and the government’s and community’s equity in the investment will primarily be land. Cassava city is a gateway to employment and prosperity in Kogi State,” he said.

http://www.mcebiscoo.com/2018/11/investors-commit-25m-to-kogi-cassava.html

would have loved to be part of the program but it's a pity am in Lagos

I detest multiple investor's scheme..



I sense scam...

Sad

Now this is a good news
At least thousands of people will be employed on full time basis.
And crime around that area will reduce.
Investors coming into Nigeria should focus on building factories, companies and so on

Not larger churches everywhere
And bleaching cream peddling

Okay

When Yahaya Bello said Kogi will soon overtake Lagos, you guys thought he was joking right?

https://www.vanguardngr.com/2017/06/development-gov-bello-says-kogi-will-soon-catch-lagos-state/

A scam by Bello. Let's see how it unfolds.

Nice

Madness

Foreign investors know the government of dasukigate/Allison madueke dollars have ended, were they compete with each others on who the best looter was,
Foreigners now bring in their money without fear. Before france Macron, British Prime minister, British crown prince and others would have been scared of coming to Nigeria not to even talk of mingling with lagosian for fear of the looters gang. Even Obama visited Ghana and skipped Nigeria to visit Ethiopia, for fear of the corrupt looter gang

To to to to
Will will will
Shall shall shall shall
To to to to
Will will will
Shall shall shall shall

Noise!

What kind of investor would invest in planting cassava in a fulani herdsman's territory??

BackToDaura!

OK.

Cassava city? what happens to tech city??



I sell great laptops.

Nice development I think

All the investment schemes I've been hearing since birth, yet Nigeria is not growing.

OkaNaUbe:
A scam by Bello. Let's see how it unfolds.

Why do you hate good development's

Gosj01:
Cassava city? what happens to tech city??



I sell great laptops.

Stop exposing your inexposure.

America still cultivating maize like no other country till date


Am sure it's maize farm is bigger than entire south east Nigeria

CXLVII:

Why do you hate good development's

I don't.

When you start seeing will or to in an article
Run for your life

themosthigh:
Kogi and Ekiti must be primitive. Cassava city . Next go be Tuwo town.

First of all. You are an educated individual but u are an iliterate in what cassava does. Do u know india is the world largest producer of cassava?
cassava contains starch,concentrates used in oil and gas industries,great ETHANOL source and the wood just to mention this alone.
Do you know how much india makes from the export of cassava.
cassava is nt only for garri,amala etc. It has great and diverse industrial use.


b4 u quote me. Just take your time and type to google.
"industrial extracts from cassava"
we learn everyday.

FOR THE TUWO CITY..Will you tell me u don't know rice and its economic importance in thailand?
warn yourself.

Buffalowings3:
When you start seeing will or to in an article
Run for your life

future tenses are very deadly when used in nigeria especially when its from GYBism(buhari boy)
WHITE ELEPHANT PROJECT

DEAD AND BURIED ON ARIVAL.

instead of wasting such money kindly repair there useless road!!!

bozzyjoan:


future tenses are very deadly when used in nigeria especially when its from GYBism(buhari boy)
WHITE ELEPHANT PROJECT

DEAD AND BURIED ON ARIVAL.

Bird on a wall,all you know how to do is complain,it is a private investment for them to make money not for you or your lazy minded brothers,you are not going to see one kobo whether it does not work or it makes a billion Naira for them,so you better get out there and try to grab yours,cos wailing does not make dead leaders. 3rd eye blind goat head “OPP” what concerns you with other peoples property?

blacknp:
Bird on a wall,all you know how to do is complain,it is a private investment for them to make money not for you or your lazy minded brothers,you are not going to see one kobo whether it works or makes a billion Naira for them,so you better get out there and try to grab yours,cos wailing does not make dead leaders. 3rd eye blind goat head.

get out where to grab what?
brother you are a BIG PIG.