6/27/2016

Union Dicon Invests In 30,000 Hectare Cassava Farm


Chukka Mordi of Union Dicon Salt Plc has said the company is taking over the Alape project valued at $100 million replacing Cargill, the US-based agro-industrial giant and it will be cultivating cassava on the 30,000 hectares of land which is situated in Kogi state.

He stated this during a meeting with the Minister of Agriculture and Rural Development in Abuja

“It is a remarkable opportunity to develop the agribusiness space in Nigeria from a fully indigenous perspective. Union Dicon is listed in the Nigerian Stock Exchange, and it is a wholly Nigerian company,” Mordi said at the meeting.

Adding, “We are grateful for the support given by the Honourable Minister, and the Agriculture Ministry, after careful consideration of our proposal. Their detailed understanding and focus on new capital investment, import substitution and job creation really impressed us and allows Union Dicon Plc to move forward confidently in a willing and positive partnership.”

Also, Bex Nwawudu of the company noted that the outcome of the meeting would accelerate the progress on the Kogi State project in the next few months, expressing readiness to move very quickly to site.

He thanked the minister for ensuring policy continuity as a priority stressing the need to ensure local content.

Audu Ogbeh, Minister of Agriculture said he is glad to see that a Nigerian company is taking over the project and is championing the indigenous development of agribusiness.

“I’m glad to see that a Nigerian company is taking over this very important project, and is championing the indigenous development of agribusiness,” he said.

He also said the ministry is not going to engage in policy somersault, stressing that government is carrying on with the great idea of staple crop processing zone and government is also adding greater ideas.

“We are carrying on as we now produce what we call the green alternative, that alternative being agriculture, since oil and gas are unstable sources of income,” he said.

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