By Modupe Gbadeyanka
Over 5000 citizens of Abia State are expected to be employed at a palm production firm called Palm Estate located at Ohambele in Ukwa East Local Government Area of the state, Business Post has learnt.
The state government recently signed a memorandum of understanding (MOU) with a private investor in palm production, S-ATM Nigeria Limited.
Speaking at the signing ceremony, Commissioner of Agriculture in the state, Mr Uzo Azubuike, said the deal was part of efforts and resolve of the Governor, Mr Okezie Ikpeazu, to expand and increase the wealth of Abia State.
He said the palm estate is expected to make the state the number one palm producer and create jobs for youths.
He assured the investors that the state government will keep their part of the agreement.
“Part of what we have signed now is that S-ATM Nigeria Limited must build an oil mill inside the palm estate there in Ohambele. Also the estate is going to employ over 5000 Abians, with greater percentage of the employment from the Ohambele community,” the Commissioner said.
On his part, Managing Director of S-ATM Nigeria Limited assured that his company will fulfil the terms of the agreement including investing the needed funds to realise the goals of the state palm plantation and employ Abians.
“More than 40% of the company’s employees will be Abia indigenes and we will also utilise the services of the members of the host community, thereby reducing the rate of unemployment in the state,” the firm’s boss said.
more recommended stories
Ayeni Joins Guinness Nigeria Board After Irukwu’s Exit
By Modupe Gbadeyanka Mrs ‘Yemisi Ayeni.
RT Briscoe Nigeria Appoints COO, Acting CFO
By Modupe Gbadeyanka The board of.
NCDMB, AOS Orwell Train 50 Engineers
By Dipo Olowookere The Nigerian Content.
Buhari Appoints Bichi as DSS DG, Removes Seyeifa
By Dipo Olowookere President Muhammadu Buhari.