Tiger Spices

Tiger Spices

Jumia

Friday, 30 June 2017

Agriculture Initiative Receives Major Boost in Oyo

The Federal Government yesterday approved six cashew factories for export in the country with Oyo State leading the pack.

The Federal Executive Council (FEC) yesterday gave approval for the establishment of six cashew-processing factories ‎for export.


These factories would be cited in the cashew belt areas of Enugu, Imo, Benue, Kogi, Kwara and Oyo states ‎to meet the export demand of 130,000 tons valued at $7 billion per annum.
This is a testament to the efforts being made by the agricultural drive of the incumbent government in Oyo state.

The Ajimobi-govt has been keen on diversifying the state’s economy by focusing on Agriculture. In the bid to achieve this, the government kicked off an initiative called the AgricOyo and Integrated Agriculture programme and which seeks to encourage people especially youths to latch on to the agricultural drive of the government.

With the establishment of the cashew factory in Oyo state, more development is set to come to Oyo State which is largely agrarian owing to the availability of arable lands.

This will also provide employment opportunities for the teeming youths in that area and in turn improve the economy of the state hence increasing the internally generated revenue accrued to the state since the state would not just be producing the cashew nuts for local consumption but also for the factories that would facilitate the exportation to the other countries of the world.

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