The Delta Government has signed a 20 million dollars Memorandum of Understanding (MoU) with Norsworthy Investment Limited, a private firm, for the cultivation of 3,000 acres of oil palm and processing plant project.
The MoU for the project which would be sited at Akwukwu-Igbo community, Oshimili North Local Government Area of the state, was signed in Asaba on Thursday by the Secretary to the State Government, Mr Festus Agas.
Agas reiterated the commitment of the state government to provide the needed support for investment towards developing every sector of the state economy.
He said: “Upon the inception of this present administration in the state, Gov. Ifeanyi Okowa, expressed his commitment to create an enabling environment for investement to thrive.
“The governor is committed to creating jobs and as such ensure a massive investment drive to grow our economy.
He pointed out that Okowa’s administration placed high premium on agriculture, saying that agriculture remains the mainstay of the state economy.
He lauded the management of Norsworthy Investment for its interest in developing the state, assuring the firm that the state government would provide every necessary support to make the project a success.
“In my opinion, I think this is most strategic MoU we have signed with a private firm so far.
“I want to say here that it is a laudable move that will not only create jobs, but also bring development to the area.”
Agas called on other investors both local and foreign to emulate Norsworthy and take advantage of the enabling investment environment in the state to help grow the state economy.
Also, the Commissioner for Economic Planning, Mr Kingsley Emu, said the signing of the agreement marked the highpoint of a business plan hatched over eight months ago by both parties.
According to him, what we are witnessing today is the highpoint of a meeting held about eight months ago between the state government and Norsworthy Limited.
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