Delta State Palm Oil project to attract $1bn – Oborevwori

Delta State Governor, Rt. Hon. Sheriff Oborevwori, on Tuesday said the Delta State Commercial Oil Palm Plantations Growers Cooperative Society Limited (DELCOM COOP) project was expected to attract close to $1 billion in development finance over the next decade.

Governor Oborevwori who disclosed this at the public presentation and launch of DELCOM COOP/Delta State Oil Palm Plantations Development Land Bank and Agric Data in Asaba, said it was expected to create thousands of jobs, stimulate the local economy and position Delta State as a frontrunner in Nigeria’s agricultural transformation.

He said that transforming Delta State’s Oil Palm Industry was in furtherance of his MORE Agenda, which underscores the unwavering commitment to unlocking the immense potentials of agriculture, particularly the oil palm sector, as a catalyst for sustainable development, wealth creation and the enhancement of livelihoods.

According to him, “today, we come together at a pivotal moment in the history of Delta State – an opportunity to shape a future where agriculture, particularly the oil palm industry, becomes the cornerstone of our economic transformation.

“This journey began on 20 November, 2018, when the Delta State Government, under the visionary leadership of my predecessor, initiated a bold partnership with the Central Bank of Nigeria (CBN

By Admin