Promasidor’s $5m investment on Ikun Dairy Farm major boost for Ekiti economy, says Fayemi

Agribusiness

 

The Governor of Ekiti State, Dr. Kayode Fayemi, has described the $5 million investment valued at N2 billion by Promasidor Nigeria Limited to reactivate the moribund Ikun Dairy Farm in the state, as a major catalyst that would turn around the fortunes of the state when operational.

Fayemi said the contribution has made Promasidor a core investor in Ekiti, saying production would have by now begun in the milk industry located in Ikun Ekiti in Moba Local Government, but for the lockdown caused by the spread of COVID-19 in the state.

Fayemi, who spoke in Ado Ekiti recently while receiving palliative food products donation worth over N34 million from Promasidor Nigeria Limited, reiterated the readiness of his administration to revive some of the ailing industries in the state.

He said the donation has further attested to the fact that Promasidor was just incurably committed to the growth of Ekiti economy.

Fayemi, represented by the Special Adviser on Investment, Mr. Akintunde Oyebode, said the move would create more employment opportunities for the youths.

Speaking earlier on his company’s outreach project on COVID-19 containment in the country, especially on the products donations to Ekiti State government and others to cushion the economic pains and pangs of the lockdown, Chief Executive Officer of Promasidor Nigeria, Mr. Anders Einarsson said: ”our outreach project will go a long way in helping the most vulnerable in our society who has as a result of this pandemic have been unable to go about their normal day-to day activities or have had their income disrupted.”

“As a company who cares to the nourishment needs of everyone, regardless of their socio-economic status, we deemed it necessary to step in and assist in the best way possible by ensuring food and nourishment should not be a worry for them at this time”.

The company boss stated that the total cost of this outreach project is valued at two-hundred and eighty million naira only {N280m} in cash and food products.

Corroborating the Chief Executive Officer,Director, External Relations of the company, Mr. Andrew Enahoro said “what Promasidor did was to give back to the society, especially the needy and the less privileged who are going through a lot of economic and financial stress at this time”.

“Food is everything when we talk of food security that can bring a nation down, so what we’ve decided to do as you can see from our product donation is to, at least give a little back to the society especially to the needy and the less privileged who are going through a lot at this point in time,” Andrew Enahoro stated.

Source: Marketing  Edge

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