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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Obaseki pays harmonized pension to Edo retirees

Mon Jun 27 , 2022
In fulfillment of the implementation of the harmonized pension announced on Workers’ Day, Governor Godwin Obaseki has paid verified pensioners in the state their pension for the month of June, reflecting the harmonized rate. In a statement, Secretary to the State Government, Osarodion Ogie said: “With the approval of the […]
Obaseki pays harmonized pension to Edo retirees
Privacy Overview
Akokoedonews

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.