Extend Intervention Funds To Cash Crop Farmers, Akeredolu Appeals To CBN
Ondo state Governor, Oluwarotimi Akeredolu has made an appeal to the Central Bank of Nigeria (CBN) to extend the intervention funds to cash crop farmers.
Akeredolu made the appeal during the inaugural ceremony of Bambi Farms, a factory that produces vegetable oil from palm kernel, at Okeigbo in Odigbo/Okeigbo Local Government Area of the state.
In his pledge speech that the state government would support the factory, he also pleaded the FG to as well encourage the project through release of funds.
” We want to look at usefulness of this industry; It needs the support of all because it would grow in no time.
“From records available to me, it can produce 120 tonnes of soya beans and palm kernel oil per day.”
He added that his administration had revived the moribund Okitipupa Oil Mill, saying that the private sector would be engaged in its sustenance.
In his remarks, the Chairman of Bambi Farms, Ade Ayoola, said that he planned to increase the capacity of the factory.
” Our dream is big and it is only God that can achieve it for us.
“In the next few years, we hope to have filled the land with oil mills, refinery; we are targetting 1,000 workers per shift.
“We cannot achieve this without the support of government because our desire is to change the narrative.”
He, therefore, thanked Akin Olootu, the Special Adviser on Agriculture and Agri-Business to the governor, for his assistance