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Login: Password: Forum | Make a Journal Entry | View Journal Entries | Submit An Article | Make as StartPage Homepage Register Forgot password News Business Politics Sport City Diary Features Special Report Behind The News Art & Review Editorial Comment Letters Right Of Reply e-Business Law & Judiciary REAL ESTATE Education Development THISDAY Extra THISDAY Saturday THISDAY Sunday ARCHIVE     LINKS City Guides Hotels Business Exhibition Business Services Nigerian.TV Capital Markets Shops Domains WEB HOSTING Family Trees E-Africa.info E-Nigeria.net FlightsSearch.net MailingBox.net Payments   ThisDay question Is President Olusegun Obasanjo's proposed National Dialogue the way forward for Nigeria? Yes No Indifferent View results Govt Moves to Improve Palm Oil Production From Chinedu Eze in Abakaliki, 12.15.2004 Ebonyi Ebonyi State Government has signed Memorandum Of Understanding (MOU) with a Germany-based international Investment and Trade Company, Globe Commodities, to establish palm oil processing plant and expand the state�s palm oil plantation to 30,000 hectares. This was made known to  reporters by Secretary to  the State Government (SSG), Professor Ozo, Nweke Ozo who  said  the agreement was signed in Kuala Lumpur, Malaysia.  According to Ozo, who led a three-man delegation  to Malaysia to attend an international conference on investment, details of the MOU include the condition that State shall define and make available all information on land available for the project, and guarantee the proposed method of developing the project through private initiative. In a joint news briefing with members of the delegation,  and the Commissioner of Information, Dr John Otu, the SSG said  according to the agreement, Globe Commodities shall prepare a general concept to integrate the existing state government owned nursery palms to establish a �robust palm oil sector.�  Ozo said he was optimistic that the  government would galvanise the oil palm industry with the assistance of the agency, assuring that it would secure at least 10,000 hectares of land from each of the three senatorial zones of the state, noting that the state government had prepared for the actualization of the project, as it already has oil palm nurseries in various parts of the state. Commissioner of  Information, Dr John Otu, also expressed government�s readiness to embark on the project adding that Ebonyi is largely an agrarian state with so much potential for agricultural development. He said government is determined to improve its revenue through investment in the sector,  which explains why it established fertilizer blending plant and one of the largest poultry farms in Nigeria, the Nkaliki Poultry Complex.       REMAIN INFORMED WE SEND IT TO YOUR MAIL THISDAY NEWSLETTER Name E-Mail   Who We Are | THISDAY People | Contact Us © Copyright 2000-2004 Leaders & Company Limited This Site Created by White Pages Limited

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