Edo, Tolaram Group mull $50m agro-allied investment.


* as Obaseki engages Singaporean firm.

The Governor of Edo State, Mr. Godwin Obaseki, has taken his job creation and investment drive to Singapore, where arrangements are being fine tuned to attract a $50million worth of investment that will create 50, 000 jobs in the state.

The deals cover investments in agriculture, specifically, oil palm and cassava to feed the processing plants of a leading Singaporean company, Tolaram Group.

Other areas of the ongoing talks with Singaporean enterprises include infrastructure, digital services, real estate – the Edo New City Development project, amongst others.

Obaseki is accompanied on the business visit by the First Lady, Mrs. Betsy Obaseki, Commissioner for Wealth Creation, Cooperatives and Employment, Hon. Emmanuel Usoh, and the Permanent Secretary in the Ministry of Agriculture and Natural Resources, Kadiri Bashiru.

The visit to Singapore is consolidating on an earlier visit to Indonesia, where the Governor sealed deals with the Indonesian Oil Palm Research Institute in Medan, to leverage on the institute’s research capacity in reinvigorating Edo State oil palm and allied industries.

According to Obaseki, economic diversification into areas where the state has competitive advantage, like agriculture, is the key to job and wealth creation on a sustainable basis.

L-R: First Lady of Edo State, Mrs. Betsy Obaseki; Executive of Tolaram Group, Deepak Chainani; Permanent Secretary, Ministry of Agriculture, Edo State, Kadiri Bashiru; Commissioner for Wealth Creation, Cooperatives and Employment, Emmanuel Usoh; Governor Godwin Obaseki of Edo State, and the Consular General of Singapore to Nigeria, Haresh Aswani, during the discussion of Tolaram’s   proposed $50million investment in cassava and oil palm expected to create 50,000 jobs.


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