₦airaland Forum

The West African Cotton Company says it will invest about five billion Naira in the agricultural sector in Ogun State.

The company will also invest in other value added chains in the sector.

Proposal for the investment was made known on Tuesday, at a meeting between the State government officials and the management of the West African Cotton Company.

Governor Ibikunle Amosun assured the management of the company, would-be investors and business owners in the State of a better and conducive business environment that would ensure good returns on investments.

While also promising the necessary political will to drive the State’s economy, the Governor said it had become imperative, in view of the dwindling resources from the Federation Account, to seek other sources of revenue for the state.

The Nigerian government had laid a plan to diversify the economy, tapping the agricultural potentials of the nation, to shift the economy from huge reliance on crude oil to agriculture which was the mainstay of the economy before crude oil was discovered.

West African Cotton Company is positioning to benefit from the diversification, with the planned investment in the agricultural sector in Ogun State.

The company is engaged in cotton ginning, selling of cotton lint to textile mills, export of cotton lint, gin motes and textile mill wastes.

The company also imports cotton from other neighbouring West African countries for onward sales to local textile mills, which would boost production of local fabric and improve quality.

http://www.channelstv.com/2015/07/21/west-african-cotton-to-invest-5bn-naira-in-ogun-state/

Standing5:
By now Ogun should recognise Lagos is conjested and it is the choicest place for industrial investment. Ogun should be thinking of how to create industrial estate from where it can easily power industries.

TheNewIbadan:
Thanks for your concern Osu. Weren't you the bigot hating on Ogun's progress on another thread?
When I say Ogun doesn't give a ratass about an Osu's opinion, trust me.

Standing5:
Your bigotry ehn. No part 2. How did I hate on Ogun now. You wan take me beef up your monthly report to Tinubu abi!

TheNewIbadan:
Nigga go chill because more news like this plenty for "ewedu and amala" states.

Go and resume asslicking your vegetable selling governor.

Standing5:
How is cocoa yam sharing gomínà doing?

Bolustic:
Ogun(without oil) is currently number 4 on the states' IGR ranking, our aim is to dislodge the 3rd and 2nd in less than two years and be after Lagos,

By then be sure that some people would claim:

1)They own 70% of the property and investment in Ogun,
2) They developed Ogun,
3) Ogun is no man's land,
4) They want to run for electoral positions,