EKSG, Cavista Holdings Sign multi-billion naira MOU to boost cassava farming

Ekiti State Government yesterday took a significant step towards agricultural transformation by signing a Memorandum of Understanding (MOU) with a leading Nigerian investment company - Cavista Holdings (owners of Agbeyewa Farms Limited) to establish a state-of-the-art cassava farm spanning 100,000 hectares within the State.

The MOU which is worth billions of naira was signed by Governor Oyebanji and the Chairman of Cavista Holdings, Niyi John Olajide on the sidelines of the 2024 US-Africa Business Summit currently ongoing in Dallas, USA.

Present at the signing ceremony were the Speaker, Ekiti State House of Assembly, Rt. Hon Adeoye Aribasoye; Commissioner for Agriculture and Food Security, Mr Ebenezer Boluwade; Commissioner for Industry, Trade and Investment, Mrs Tayo Adeola; Commissioner for Finance, Mr Akin Oyebode; and Commissioner for Budget, Planning and Performance Management, Mr Niyi Adebayo.

On the Cavista Team were the company’s Managing Director, Mr. Dele Odufuye, Chief Financial Officer, Mr Niran Olajide, Dr. Niyi Arije (Legal Director) Mr. Cyril Akika (Member of the Board of Directors) and senior management staff of the company.

Also present were Chief Dele Kelvin Oye, President of the Nigeria Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), who is also the Vice Chairman, Ekiti State Development and Investment Promotion Agency (EKDIPA); Chairman, Odu’a Investment Company, Otunba Bimbo Ashiru as well as other key stakeholders from the public and private sectors.

Speaking during the event, Governor Oyebanji articulated the government's vision for agricultural advancement, emphasizing the importance of strategic partnerships in driving progress. He underscored Ekiti State's commitment to creating an enabling environment for investment and urged other investors to explore the vast opportunities available in the state, particularly in sectors such as tourism, mining, and the burgeoning Ekiti Knowledge Zone and Special Agriculture Processing Zone.

The Governor described the MOU as a testament of his administration’s commitment to the continuity of programmes of the immediate past administration of Dr Kayode Fayemi as enunciated in the State’s 30- year development plan. “This also speaks to alignment of vision. John ( Olajide) wants to create jobs. We want our people to prosper by creating opportunities for them. So, we found a good partner in John and the CAVISTA group.” He said.

Governor Oyebanji expressed gratitude to Cavista for its unwavering commitment to Ekiti State, which has led to several success stories in the Tourism and the Agriculture sectors, bringing about jobs opportunities and income to the state.

“The private sector is very critical to developing our economy, and as a government we must ensure that the process of doing business is easy, seamless and top-notch. I am very proud that Cavista has continued to demonstrate confidence in our state, and all their investments are now success stories. So I look forward to the successful implementation of this MOU to the benefit of Ekiti State and Nigeria”.

Echoing the Governor’s remarks, Chairman of Cavista Holdings, Niyi John Olajide stated that the company had no regrets investing in Ekiti, adding that its commitment is driven by his desire to create thousands of jobs for the people of the state.

“The success of our investment in Ikogosi Warm Springs Resort and our previous agricultural investment in the state, is what encouraged us to embark on this new cassava revolution initiative, to be driven by our subsidiary - Agbeyewa Farms. We are very proud of our partnership with the state and driven by my personal goal to create thousands of jobs in the state, we look forward to another successful partnership with the Ekiti State government under the distinguished leadership of Governor Abiodun Oyebanji”. He said.

This collaboration between the Ekiti State Government and Cavista Holdings marks a significant milestone in the journey towards agricultural transformation and economic empowerment in the region. The partnership is poised to catalyze growth, drive innovation, and position Ekiti State as a beacon of agricultural excellence in Nigeria and beyond.

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Ok

Okay

God bless Nigeria

Cool

Pls, dey shld get to work already... balablu is dealing with everybody back to back!

Paint rubber of garri yesterday hit #3500!

Only yahoo++ boiz dey drink garri mixed with milk, sugar & groundnut now!

MoU.

This is what I expected Bola Tinubu to be doing considering the alarming rate of inflation

I pray it yeild results, bcoz na only signing we dey hear 4 most cases without results

Left Nigeria all the way to morika to go sign mou with another Nigerian whose business is in Nigeria. Good, init?

Good one. A purposeful and productive foreign trip. Not propaganda.

Industrial agriculture should be one of the primary investments of any administration followed by supporting infrastructure. That way, infrastructures are designed to support agric businesses and not the other way round.

As an aside, I recall when GEJ was mocked for his cassava revolution policy...

AngelGabbyShara:
EKSG, Cavista Holdings Sign multi-billion naira MOU to boost cassava farming





https://www.facebook.com/share/p/eW94GXiXk27JxTGj/?mibextid=oFDknk

This is the best performing governor, considering the state capacity.

Ekiti state is attracting foreign investment in cassava especially now that a rubber paint of garri is 4,000.

osuulola:
Left Nigeria all the way to morika to go sign mou with another Nigerian whose business is in Nigeria. Good, init?

The Cavista chairman was in Nigeria a few months ago. He is actually based or is frequently in the US. Given the investor profile, the Governor had to travel to meet the other investors so the MOU signing could be fast tracked.

Na so so multi billion MOU dem dey always sign.

Yet nothing to show for it

Na people wey dey make garri expensive be this

This man is trying.

Why cant the government have their own farms. They can partner or rent the farm to individual to manage it. Giving them target of what to spect from harvest.

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100,000 hectares for cassava in Ekiti, hmmm, we wait!.

100000 hectares is a lot. How many lands con remain in Southwest second most smallest state?

He should copy his kins man and woman - Psaltry International (Oyo) and one other man within the Oyo and Ogun axis. He must process the cassava to at least HPCF or ethanol like the Indians do. There is plenty of money in it.

Best wishes! The Farmers would make more money - Bola Ahmed Tinubu

Ok

Bullfallo:
Why cant the government have their own farms. They can partner or rent the farm to individual to manage it. Giving them target of what to spect from harvest.

Government has no business in business. Look at Ajaokuta Steel. Provide the enabling environment, that is all. Socialism leads to poverty and further leads to communism which on its own leads to multidimensional privation.

Capitalism is the only economic system that has pulled more people out of poverty that any other economic system.

Gerrard59:
100000 hectares is a lot. How many lands con remain in Southwest second most smallest state?

He should copy his kins man and woman - Psaltry International (Oyo) and one other man within the Oyo and Ogun axis. He must process the cassava to at least HPCF or ethanol like the Indians do. There is plenty of money in it.

Best wishes! The Farmers would make more money - Bola Ahmed Tinubu

Must it be ethanol??..
Wetin do garri?

This is a Welcome development- if well transformed and Materialize,afterall, Cassava gestation is 7- 9 Months period!
Do you know that as at Today,Garri,a product from Cassava is becoming more Costly than Rice in the Market!
•Is Garri now Dollarise in Nigeria or the Farmers and Market Women are being mischievous to the Masses? Or how come,the Common man can't breathe again?
What's going on?
•Is it Tinubu that is doing this too?
Cassava don't grow in the Northern States or Water-logged Places or States,so what is wrong with our Southern States that is Producing this Garri?
Let's talk Truth to ourselves and our •Traditional Rulers should address this concern!