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    Ekiti Attracts $40 Million Investment in Organic Fertilizer Factory

    The Ekiti state government has attracted a $40 million organic fertilizer factory to be sited in the state by the Turkey-based Alliance Group, boosting employment opportunities and increasing food production and agribusinesses in the state and across the country.

    The Ekiti state government has attracted a $40 million organic fertilizer factory to be sited in the state by the Turkey-based Alliance Group, boosting employment opportunities and increasing food production and agribusinesses in the state and across the country.
    Ekiti State Governor, Biodun Oyebanji, during a meeting with officials of Istanbul, Turkey-based Alliance Group, noted that the government would continue to woo investors to the state in the bid to position it as a major industrial and investment hub in the country.
    Oyebanji disclosed that the state had put measures in place for ease of doing business and to safeguard investments in the state, adding that his administration would continue to strengthen and sustain partnerships on projects that are relevant to the development objectives of the government.

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    He recalled that the state just played host to a team from the American Embassy, led by the Deputy Ambassador and Consul-General, with an investor who wanted to invest in cassava; no investors had gone to the agriculture processing zone.
    “We came on board with the mantra of shared prosperity and continuity, and agriculture is so key for us as a people. We have challenges in the country today because of a lack of productivity because if people must prosper, they have to  produce,” the governor said.

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    Also speaking was the leader of the delegation, Sidi Oso, who pointed out that the organization was identifying regions in Africa, particularly Nigeria, looking for states with economic prospects and potential for development in the area of investment.
    She commended the governor for having a team of great professionals who are investment-conscious, while expressing hope for more partnerships with the state beyond the fertilizer production project, saying the investment is coming in as an agriculture-water-based fertilizer project, which would go beyond production to the level of marketing the product nationally and internationally.

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