News in Brief:
– Ekiti State partnered with Cavista Holdings to establish a massive 100,000-hectare cassava farm in a bid to transform its agricultural sector.
– Governor Oyebanji emphasised collaboration and building upon past initiatives, aligning with the state’s long-term development plan.
Nigeria’s Ekiti state has signed a Memorandum of Understanding (MoU) with Cavista Holdings, a leading Nigerian investment company, to establish a large-scale cassava farm within the state.
The MoU, valued in the billions of naira, was signed by Governor Biodun Oyebanji and Cavista Holdings Chairman, Niyi John Olajide, at the ongoing 2024 US-Africa Business Summit in Dallas, USA.
Effectively, the agreement paves the way for the development of a state-of-the-art cassava farm spanning a massive 100,000 hectares.
During the event, Governor Oyebanji noted the importance of strategic partnerships in driving agricultural development. He also highlighted the government’s commitment to creating an investor-friendly environment.
Additionally, he encouraged further exploration of investment opportunities in tourism, mining, the Ekiti Knowledge Zone, and the Special Agriculture Processing Zone.
The signing ceremony witnessed the presence of key officials from both parties. Ekiti State was represented by the Speaker of the House of Assembly, Adeoye Aribasoye, alongside Commissioners for Agriculture, Industry, Trade & Investment, Finance, and Budget & Performance Management.
Also, representing Cavista Holdings were their Managing Director, Legal Director, and other senior management personnel.
