As part of activities marking his first year in office, the Ondo State Governor, Rotimi Akeredolu has inaugurated a new Egg Powder Plant in Emure-Ile, Ondo State.
The 42 billion naira project which is aimed at creating about 25,000 new jobs, and boost the income of poultry farmers in Nigeria
is a Public Private Partnership (PPP) arrangement between the Ondo State Government and Greenfield Assets Limited.
The factory sits on a 150 Hectares of land and will produce 10 million broilers per annum with a 4,000 birds per hour meat processing plant; a 600,000 layers farm for the production of 100 million eggs per annum; two 20 tons per hour Feed-mill and a 500,000 Eggs per day.
The Chief Executive Officer of Greenfield Asset Limited, Dr Paul Obanua, expressed joy over the citing of the factory in Ondo state and noted that within a year, the first phase of the project will be commissioned.
Obanua who noted that the plant can process over one million eggs on daily basis stressed that the product after being processed into liquid form will last for 18 months.
Speaking at the event, the Central Bank Of Nigeria CBN Governor, Godwin Emefiele expressed delight that the ondo state government is implementing appropriate measures to make the state a viable destination for local and foreign investment.
He expressed the readiness of the bank to support the state government to promote small scale entrepreneurs.
Emefiele maintained that the project will in no small measure drive the economic growth of the state and by extension the nation, reduce unemployment and increase social cohesion.
Emefiele emphasised that the project will also help to support the Buhari led government’s determination to increase local production of critical agricultural produce and reduce drastically importation of items that the country can produce.
He lauded efforts of Governor Oluwarotimi Akeredolu for looking beyond oil and embracing agriculture to drive and change the economic status of the state.
On his part, Governor Akeredolu said the powdered egg factory would gulp 42 billion naira and have great economic impact on state and the nation at large as the only producer of such product in West Africa.
The governor said the project attests to his administration’s determination to industrialise the state.
Akeredolu added that the project is a clear demonstration of his campaign promises to the people and charged the political class in the state to be resolute in effecting positive change in the lives of the people.
The Elemure of Emure Ile, Oba Adedubaje Adeyefa thanked the governor and the company for bringing such huge investment to his domain and pledged their full loyalty to the Akeredolu led government.
