Friday, April 12, 2024

Edo Partners Firm to Expand Palm Oil Production

Fayus Nigeria Limited, in partnership with Edo State, has started the expansion of a 3,000-hectare oil palm plantation in Ugbeturu Community, Owan West Local Council of the State, with a target of creating 5,000 jobs in the community at full capacity.

Fayus Nigeria Limited, in partnership with Edo State, has started the expansion of a 3,000-hectare oil palm plantation in Ugbeturu Community, Owan West Local Council of the State, with a target of creating 5,000 jobs in the community at full capacity.

The acting team leader of the Edo State Oil Palm Program (ESOPP), Mr. Churchill Oboh, disclosed, while on a monitoring exercise of the oil palm project, that the project will enable the state to retain its rightful position as a leading state in plantation development and oil palm production in Africa.

Palm oil is a high-quality oil that is produced from palm trees and is used for cooking in some countries. It is also used in food products, detergents, cosmetics, and, to a small extent, biofuel, and it’s found in lipstick, soaps, detergents, and even ice cream.

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The project captured under ESOPP was rated as the largest oil palm development project in Africa, sponsored by the Central Bank of Nigeria (CBN) to develop over 100,000 hectares of land across the state.

Oboh pointed out that the state government and the communities are working in peace with the investor because the communities always carry out the processes in line with the Free Prior and Informed Consent (FPIC) Guidelines developed for the state with proper focus.

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While thanking Governor Godwin Obaseki for the initiative, he stated that the investment will create many job opportunities for the people, and that there will be an oil palm mill and refinery in the community.

Mr. Innocent Dauda, who is the representative of the firm, noted that the company is set to plant over 3,000 hectares in the main field during the rainy season, and all farmers whose farmlands were destroyed will be reimbursed randomly.

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