Saro Group of Companies Invests N24 Billion in Edo Farm to Supercharge Local Raw Material Production
In a groundbreaking move to galvanize the domestic supply chain of raw materials, particularly in the food and beverages sector, Saro Group of Companies has injected over N24 billion into an all-encompassing integrated farm in Edo State.
Mr. Rasheed Sarumi, the Chief Executive Officer of Saro Group of Companies, revealed this significant investment during an on-site inspection of the farm. The agricultural project represents a collaborative effort between Saroafrica and Mohinani Group, executed under the banner of Green Hills Agric Projects.
Commending the business-friendly atmosphere fostered by Governor Godwin Obaseki’s administration, Sarumi expressed his admiration and announced plans to commission the factory in the first quarter of 2023.
The project’s overall worth is estimated at N24 billion, as Sarumi explained, “This is an integrated agricultural project. This factory needs 480 tonnes of cassava per day, and there are about 5,000 hectares of land for cultivation. Currently, 1,500 hectares have been utilized, with 350 individuals from neighboring communities set to work exclusively on the feedstock supply. The daily output of 480 tonnes will be ingeniously transformed into waste for use in the piggery industry.”
Through this pioneering initiative, Saro Group of Companies aims to revolutionize local production, bolster self-sufficiency, and propel the manufacturing sector to new heights by ensuring a regulated and sustainable supply of raw materials. With the advancement of this ambitious farm, Edo State will witness a paradigm shift in the agricultural landscape, nurturing economic growth while harnessing the potential of the region’s natural resources.
