Dufil Prima Foods has acquired 17,954 hectares of land in Edo State to operate an oil palm plantation, which is rated to boost Nigeria’s economy, Chairman, Dufil Prima Foods, Haresh Aswani said.
The plantation will serve as a source of raw materials for Indomie Instant Noodles, Power Oil, among others, which are all products manufactured by Dufil Prima Foods. Aswani also stated during a meeting with the state governor, Godwin Obaseki, that the company is fulfilling the raw material requirement for the company’s backward integration programme.
The acquisition is said to have been influenced by favourable investment climate, land administration reforms, and tax system of Governor Obaseki. The project which was initiated to boost Nigeria’s economy will also create employment opportunities for residents of Edo State and Nigeria in general.
Dufil’s chairman stated that there is enormous potential to increase production in the agro-allied sector through the application of improved processing methods and creation of incentives for manufacturers in the agro-allied industry sector to embark on backward integration by investing in palm plantation and sourcing their vegetable oil requirements locally, The Nation reports.
Meanwhile, Governor Obaseki made it public that the state is open to investment while praising Dufil Prima Foods for choosing Edo State for the establishment of their palm oil plantation and sourcing of other raw materials.