By Gabriel Elozino
The Asaba-based state government has signed a shareholders agreement with Adventium Global Delta Consortium Limited for the transformation of the Songhai Farm at Amukpe in Sapele Local Government Area into an Agro-Industrial Processing, Tourism, and Training Park.
It is a subsidiary of Adventium Global Incorporation of the United States. Secretary to the State Government (SSG), Chief Patrick Ukah, who signed on behalf of the Asaba government, said it was a testament to Governor Ifeanyi Okowa’s vision for creating jobs for the youths and diversifying Delta’s revenue base from over-reliance on crude oil revenue.
The SSG commended members of the committee set up to drive the process as they were able to deliver on the set goals within the stipulated time. He called on the management team of the consortium to ensure that they keep to the terms of the shareholder’s agreement to achieve the goals of the Public Private Partnership arrangement with the state government.
Earlier, the Chief Operating Officer of the firm, Mr. Simeon Asaboro, said their investment in Songhai Delta was under a Public Private Partnership agreement, The Trumpet gathered.
He stated that the consortium will inject US$40m (forty million Dollars) into the project, bring technical partners and manage the transformation of the farm.
He said that the project would have socio-economic and developmental impact on the state such as creating jobs for the unemployed and under-employed youths and women in the state.
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According to him, it would also ensure the development of several communities across the state where raw materials (crops and livestock) shall be produced and bred on a largescale commercial basis to feed the processing plants at the Songhai Delta Farm.
He added that the project will also generate revenue for the state, promote the tourism potentials in the state and project the investment opportunities in Delta State to the world.
He thanked the state government for giving the consortium the opportunity to partner with the state and assured that all the terms of the agreement will be met.
