PZ Cussons and Wilmar International are working on a multi-billion palm produce investment that will be developed on 50, 000 hectares of land.
The investment that will cost over N100bn in the next few years is also expected to create 12, 000 direct and 33, 000 indirect jobs at various skills.
Both companies went into partnership about two years ago, creating PZ WIlmar, with a bid to revive the palm oil industry in the country. The aim is to invest in new plantation and refining facilities built to world class standards, and support the development of local agriculture and industry in line with the Federal Government’s vision 2020.
According to the Chief Executive Officer of PZ Cussons, Mr. Christos Giannopoulos, PZ Wilmar has almost completed a refinery at the cost of N10bn, and capable of processing 1, 000 tons per day.
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Thanks to one of my followers @quansimodo for this scoop.