Edo State, CBN to partner on development of 100,000-hectare plantation

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The Governor of Edo State, Mr. Godwin Obaseki, has said that the state government is in discussions with the Central Bank of Nigeria (CBN), to develop a strategy  that will create an avenue for  investors to  take up 100,000 hectares of agricultural land in the state for plantation development.

The governor said this in a meeting  with a delegation from the International Finance Corporation (IFC), led by IFC Vice President, Middle East and Africa, Mr. Segio Pimenta,  while on a courtesy visit to the Government House, Benin City, the Edo State capital.

The governor disclosed the state's interest to  increase agricultural land under cultivation  in order to generate wealth, fight deforestation and boost the economy.

Pimenta applauded the state governor for his efforts to  develop the state and its economy, adding that this improvement will  provide a standard living for the people of the state.

He also said that the organisation is supporting progressive states that are doing well in various areas, with education as one of the major areas of concern.

He  also noted that the organisation is focused on how they can help build human capacity in countries and states where they operate in.

Since the turn of the year, the Edo State governor - Mr Godwin - has been taking various steps to ensure development of the state.