The Chairman, Norsworthy Agro Allied Company Limited, Dr Gabriel Ogbechie, has partnered with Delta State Government to deepen agricultural investment, particularly in oil palm plantations.
The partnership is for the construction of an agro-allied industrial palm plantation built on 1,400 hectares of land owned by Akwukwu-Igbo, Ugbolu and Ilah communities in Oshimili North Local Council of Delta State.
Speaking at the inspection of the oil palm plantation and a refinery that was under construction, Dr Ogbechie said the company planned to expand further with the acquisition of additional 600 hectares of land at Ubulu-Uku in Aniocha South Local Government Area, affirming his commitment to supporting Delta State’s diversification plans with the sector.
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He said the project, conceived about four years ago, would help in addressing the crisis affecting agricultural development and food sufficiency needs of the country.
The oil and gas player added that he had successfully planted over 250,000 oil palm trees in over 1,400 hectares of land.
“If the global palm oil market demand is anything to go by, there is undoubtedly the need for any wise investor like Norsworthy to cash in on the existing opportunity to put their money where the returns on investment would certainly be in high digits,” he noted.