25000 additional jobs coming as CBN inaugurates egg powder factory in Ondo


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February 24, 2018 9:55 pm


About 25,000 new jobs are expected to be created, while Nigeria will earn up to $1 billion annually, in addition to increased incomes for poultry farmers, following the inauguration of a new Egg Powder Plant in Emure-Ile, in Ondo State, Saturday.

The N42 billion agro-allied factory is based on a Public Private Partnership (PPP) arrangement between the Ondo State Government and Greenfield Assets Limited, and will produce ten million broilers per annum, with a 4,000 bird per hour capacity 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 500,000 eggs production per day.

The Chief Executive Officer of Greenfield Asset Limited, Paul Obanua, expressed joy over the location of the factory in Ondo state and said that within a year, the first phase of the project will be completed.

Obanua, further observed that the plant can process over one million eggs daily basis and that the egg powder produced will have a shelf life of 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 apex bank to support the State government to promote small scale entrepreneurs.

Emefiele maintained that the project would in great measure, drive the economic growth of the state and by extension, the nation, reduce unemployment and increase social cohesion.

He emphasised that the project would further help to support the Buhari-led government’s determination to increase local production of critical agricultural produce and drastically reduce 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.

Governor Akeredolu said the egg powder factory would cost N42 billion and have great economic impact on the 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.

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Culled from here


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