The Enugu State Government has signed two significant Memoranda of Understanding (MoUs) with Fungtai Engineering Ltd and the National Cashew Association of Nigeria (NCAN) to drive agricultural and economic development. The initiatives focus on enhancing cash crop production and establishing a domestic export warehouse in the state.
As part of the plan, 7,221 hectares of agricultural land at Ugwujoro, Nimbo, in Uzo-Uwani Council Area have been allocated to promote agriculture, agro-industrialization, and job creation. Governor Peter Mbah, represented by Secretary to the State Government, Prof. Chidiebere Onyia, highlighted agriculture as a cornerstone for achieving the administration’s goal of a $30 billion economy within six years. He also noted that the agricultural initiatives would address security challenges by occupying lands previously prone to criminal activities.
Fungtai Engineering Ltd pledged its commitment to supporting the state’s agricultural vision, while NCAN emphasized its collaboration to boost cashew production, create jobs, and establish a domestic export warehouse. Governor Mbah also highlighted the cashew industry’s potential, valued at $7 billion globally, and stressed its importance to the state’s economic transformation.
Dr. Ojo Ajanaku, NCAN President, expressed confidence in the partnership and the association’s readiness to revitalize cashew processing facilities, aggregate farmers’ produce, and encourage more cultivation.
These developments reflect the government’s commitment to fostering economic growth through agriculture and partnerships with investors.
Source: Nairametrics