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Minister assures investors of govt’s patronages

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FG pledges increased support to ensure sufficiency in sugar production

Otunba Adeniyi Adebayo, Minister of Industry, Trade and Investment has assured investors of government patronage to ensure the growth of investment in Nigeria.

Adebayo said this in Abuja while addressing a delegation of Daniel Franco Institute who visited him to seek his support for the setting up of the Rabelat Entrepreneurship Centre for Animal Husbandry (RECAH) in Nigeria.

The minister in a statement by his media aide, Ifedayo Sayo, on Monday said the Federal Government would continue to do its best to make the country a safe destination for investors.

He said the ministry had the mandate of facilitating the development of viable non-oil commodities.

This, he said, was in line with quality management systems geared toward boosting indigenous food and animal production, consumption and sustainability as well as acceptability at targeted international markets for foreign exchange earnings.

He pointed out that it was imperative for the ministry to engage the institute to deliberate on the nature of strategic partnership and level of collaboration.

Earlier, the Managing Director of Rabelat Nigeria Ltd., Dr Ahmed Raji, said RECAH was structured to run both training and commercial outfits for the animal husbandry subsector.

He said the training arm would focus on the basic studies in animal husbandry and entrepreneurship and provide the platform for trainees to select, breed, care-for, process and market livestock and small animals.

He put the cost of the project at N2 billion, saying the amount would be spent on the construction of administration block and lecture halls,
hostel, purchase of teaching aids, and construction of other infrastructural facilities.

He listed the benefits of RECAH to include aiding and fast tracking development of agribusiness in the country, creation of 50,000 jobs and solving the problem of herdsmen-farmers clash that became a common occurrence in the country.

Raji, however, solicited the support of the Minister toward the setting up of the institute, stressing that the project would greatly enhance the growth of the agricultural sector of the economy.

Emmanuella Anokam

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective.A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour.The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

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