₦airaland Forum

On Monday 23 December 2024, the Government of Ogun State in south-western Nigeria signed a Memorandum of Understanding (MOU) with Lee Group Subsidiaries, Sun Crop Agriculture Limited and Sun Giant Limited, for a public-private partnership in agriculture and agribusiness.

The MOU, according to an official statement, aims at promoting rice and cotton cultivation plus processing at Eggua in Yewa North Local Government Area (LGA) and at Iwoye in Imeko Afon LGA of the State.

The output will be directed towards domestic consumption, industrial use and exports.

During the MoU signing, the State Commissioner for Agriculture and Food Security, Bolu Owotomo, explained that the MOU involves allocation of 50 hectares land in Eggua to Sun Giant Limited for rice cultivation, and 50 hectares for cotton cultivation to Sun Crop Agriculture Limited

The land allocated is for a pilot scheme to test run suitability of the land and sustainability of the partnership. The pilot will start in February 2025 and expand as the project progresses.

Owotomo added that the companies will provide infrastructure worth ₦1 billion, including access roads and Corporate Social Responsibility (CSR) initiatives for the host communities.


SOURCE
https://x.com/NaijaphiliaBlog/status/1873815758549193108