An agro-allied company has partnered with the Delta State Government to improve palm production in the state and further deepen agricultural investment.

Palm oil crops originally grown in West Africa grows under humid tropical conditions, which can be found 8 – 10 degrees north and south of the equator.

Advertisements

Educating at the inspection, the Chairman, Norsworthy Agro Allied Company Limited, Dr. Gabriel Ogbechie, said the partnership with Delta State Government is about the construction of an agro-allied industrial palm plantation.

Advertisements

The agro-allied industrial palm plantation is built on 1,400 hectares of land owned by Akwukwu-Igbo, Ugbolu, and Ilah communities in Oshimili North Local Council of Delta State.

Speaking at the inspection of the oil palm plantation and a refinery that was under construction, Dr. Ogbechie said the company planned to expand further with the acquisition of additional 600 hectares of land at Ubulu-Uku in the Aniocha South Local Government Area, affirming his commitment to supporting Delta State’s diversification plans with the sector.

Advertisements

He said the project, conceived about four years ago, would help in addressing the crisis affecting agricultural development and food sufficiency needs of the country.

The oil and gas player added that he had successfully planted over 250,000 oil palm trees on over 1,400 hectares of land.

“If the global palm oil market demand is anything to go by, there is undoubtedly the need for any wise investor like Norsworthy to cash in on the existing opportunity to put their money where the returns on investment would certainly be in high digits,” he noted.

Advertisements
Advertisements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.