Palm oil production: Kogi to benefit from multi-billion naira project

Kogi state Governor, Yahaya Bello

The Kogi state Economic Council under the Chairmanship of the state  Governor, Alhaji  Yahaya Bello has struck a deal with   the Central Bank of Nigeria to  include Kogi among  states that will enjoy  special intervention funds for Palm oil Production.

The Scheme which is being championed by the Central Bank of Nigeria will see the Buhari Administration provide special funds for farmers in the benefiting states for massive palm produce.

In a statement signed by the Director General of Media and Publicity to the Governor of Kogi state, Mr Kingsley Fanwo which was made available to newsmen in Lokoja on Wednesday, said  apart from the funds to be made available to clusters of farmers, the Scheme will also provide improved seedlings to farmers as Nigeria aims to reverse the high importation of Palm oil for the production of soap and other chemicals.

“The deal to include Kogi State was struck when Governor Yahaya Bello of Kogi State led a high-powered delegation of the State Economic Team to meet with the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele at the CBN Headquarters in Abuja. Also in the delegation was the Hon. Commissioner for Finance , Asiwaju Idris Asiru  who doubles as the Alternate Chairman of the State Economic Team.

“Kogi has a comparative advantage to become a major palm oil producer in Nigeria. We have been doing that across the State from the West to the Central and to the Eastern flank of the state.

“With this, my administration will galvanize thousands of young and old farmers to produce palm oil massively with improved seedlings and better funding.

“What happened today is what we stand for as a Government to project our state and position her to benefit from national schemes as the Food Headquarters of Nigeria.

“We are going back home to put in place structures that will make the programme a huge success and of benefit to our people who have been looking forward to a massive opportunity as this”. The statement noted. 

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