Home News Agribusiness: Oyo attracts $170m investments

Agribusiness: Oyo attracts $170m investments

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Agribusiness: Oyo attracts $170m investments
The Oyo State Government has attracted  a sum of $170million through the Fashola Agribusiness Hub.
The hub was established by the former Premier of the Western Region, Chief Obafemi Awolowo, and upgraded by Governor Seyi Makinde of the state in order to ensure  food security in Oyo.The Commissioner for Agriculture and Rural Development in the state, Olasunkanmi Olaleye, disclosed this at a press briefing on key achievements and impact reports of the ministry, held at the Governor’s Office, Ibadan.
The press briefing, which is expected to feature every commissioner and heads of departments and agencies in the state, was declared open on Thursday by Secretary to the State Government (SSG), Prof Olanike Adeyemo.
The inter-ministerial press briefing was organised by the Governor’s Media Unit, under the leadership of Dr. Sulaimon Olanrewaju, the Chief Press Secretary to Governor Makinde.
According to Olaleye, “What we are doing in agribusiness in the building of farm estates has attracted more than $170million to this state.
“If you go to Fashola Agribusiness Hub, look at the calibre of the business companies that are there, and imagine the amount of money invested right there. Then, you will give credence to the government.
“Today, right there at Fashola, we now have big processing companies. We have a company processing cassava and can process tonnes of cassava sugar.
“We now have a company processing cashew. Tonnes of cashew can be processed in that farm estate.
“We have a company that is now rearing cattle for milk. So, the cattle we have, for example, in Fashola, focus more on dairy farming.
“Today, based on the size of those agribusiness companies, we have integrated more than 8,000 smallholder farmers to those companies to be our growers for them.
“So, what that means is that not only that the smallholder farmers now have more jobs to do, they also have markets to buy their produce.”
Within the past two years, Olaleye stated that the ministry has supported at least 10,210 with seedlings and other inputs, as 3,541 maize farmers and 920 soybean farmers benefited from the seedlings distribution programme.
High yield cassava stems, he said, were distributed to 1,269 farmers, covering 47,587.5 acres with potential to produce 214,143.75 tonnes of cassava tubers.
Olaleye further said knapsack sprayers were distributed to 1,980 farmers, and herbicides and pesticides to 2,500 farmers. He added that 8,464 livestock and aquaculture farmers were also supported with quality feed and other necessary inputs.
No fewer than 1,150 fish farmers received three bags each of 15kilogrammes of quality fish feed, while 2,536 cattle, sheep, and goat farmers received nutritional supplements  including 253,600kilogrammes of wheat offal, brewery dried grains, salt licks, and disinfectants.
Also, 3,740 poultry farmers received eight bags of 50kg maize grains each; and 1,028 pig farmers received palm kernel cake and disinfectants, he stated.
Olaleye also said 3,501 smallholder farmers were provided micro loans with soft loans ranging from N50,000 to N800,000 per beneficiary.
The government, he revealed, has also constructed rural roads, totalling 87.53 kilometres across multiple local governments to transform agricultural communities.
The SSG, Adeyemo had noted most of the people believed that when governors are in their second term, they would not work. Makinde, she said, is still firing from all cylinders.
The Chief Press Secretary to the governor, Olanrewaju, the briefing was organised for ministries, departments, and agencies to give an account of their stewardship, and also highlight government policies, plans, programmes and progress.
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Kola Daisi University
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Kola Daisi University

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