Funding

Firm partners Enugu to boost mechanised farming

Firm partners Enugu to boost mechanised farming

A United States of America-based agro-allied firm, Praxis Africa, has said it was taking advantage of the business-friendly environment in Enugu State to invest in mechanised farming.

Speaking while hosting a delegation of Praxis Africa and its Nigerian partners, IAEGO Agro Ventures, at the Government House, Enugu, the Secretary to the State Government (SSG), Prof. Chidiebere Onyia, explained that the investors could not have come at a better time, as the state government was doing a lot in the area of bankable projects across various sectors of the state’s economy.

Read:  2024 SHRMLabs BWCC Startup Track Competition Offers $50,000 Prize.

He said, “We are looking at investing massively in agriculture across the value chain, and we want to do that in large clusters. This will be in the areas we have comparative advantage. So, we are hoping that through what you are doing with IAEGO, we will be able to upscale agriculture in the state.

“This is a serious government. We believe that whatever we can do to support you from the thought process to the actual execution will be done. We believe that this will be good for the business perspective and in the interest of the people of Enugu State.”

Read:  Harvard’s Africa Business Club offers startups $50k cash prizes.

Also speaking at the occasion, the traditional ruler of Nara Unateze and Chairman, IAEGO Agro Ventures, Igwe Ifeanyi Ogbu, told the SSG that Praxis Africa, in collaboration with their organisatin was currently exploring ways to jointly boost agriculture in the state by investing massively in mechanisation and funding of farm activities across the 17 local councils of the state.

The monarch said, “Enugu State will benefit tremendously. We are starting with Nara as the pilot area and we will move to all 17 local councils in Enugu State and the entire country. We already have over 25,000 hectares from which we can work on.” “We are also going to talk to other communities around Nara, including Ihuokpara, Igboaka, Amagunze and anywhere we can get arable land.”

Read:  Anambra state and SMEDAN enter agreement to fund SMEs

Sunnews

Related posts

FG paid N50,000 grant to 150,000 Nigerians this week

NigGal

US Supports 18,000 Nigerian MSMES to Access $244m Agribusiness Grant.

NigGal

Support Initiative for Sub-Saharan African Film Production Companies: The 2024 World Cinema Fund

NigGal

Invitation for Entries: BetaDen Tech Accelerator Cohort 8 for Startup Ventures with £12,000 Funding

NigGal

Globacom Launches “Powering Ambition” Strategy to Boost SMEs

NigGal

FG to commence new regulation for digital money lenders in 2024

NigGal

Leave a Comment