The Ondo State Government has signed a Memorandum of Understanding (MOU) with two Malaysian Companies on the establishment of Ondo State Integrated Rice Development Project in Ogbese, Akure North Local Government Area of Ondo State.
The two foreign companies are Mardi Corporation SDH BHD and LA RUTA Malaysia SDH BHD. While Mardi Corporation SDH BHD is expected to provide the technical support for the proposed project, LA RUTA Malaysia SDH BHD will provide the greater chunk of the funds required for the project.
At the virtual signing ceremony, Governor Akeredolu said the signing is in pursuance of his administration’s agenda on foo security.
” When I visited Malaysia with some State executives in April, 2019 and we met with Mardicorps and La Ruta team.
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“They proposed a collaboration with Ondo State on Agribusiness Value Chain Development, which includes Development of Rice Value Chain and Food Security, Promotion of MD2 Pineapple, Establishment of Agriculture Showcase and Training Centre amongst other things.
“I was very excited because it aligns with our vision for the State.They are starting with Development of Rice Production at this time, I do hope other things in the pipeline will follow in earnest.
“I have no doubt that this project will further strengthen the bilateral economic relations between Nigeria and Malaysia.”
Speaking, the High Commissioner of Malaysia to Nigeria, who spoke from her office in Abuja Mrs Gloria Corina expressed delight that the coming on stream of the Ondo State Integrated Rice Project will further strengthen the bilateral economic relations between Nigeria and Malaysia.
The CEO of MARDI Corporation who spoke virtually from Malaysia was full of appreciation to Governor Akeredolu for his commitment to the project and assured that his company would not default in delivering the project as at when due.
