The University of Ilorin and Oriental Energy Resource Farms Ltd, an agro-based firm belonging to Borno State entrepreneur, Mohammed Indimi, recently signed a 21 years “land lease agreement” for mechanised agricultural projects.
The memorandum of understanding (MOU) was signed by Mr Indimi and Vice-Chancellor of UNILORIN, Jubril Oyelekan, at the Maiduguri office of OER Farm Ltd last week.
The MOU stipulates that UNILORIN would provide 10,000 hectares of land in the next 21 years to Mr Indimi’s new company for the development of a mechanised agricultural project.
Also in the signed accord, the university will provide both the technical and manpower needs that OER Farms requires to develop and operate the agro-business project “in line with best industry practice to increase productivity within the sector.”
The farm project is to produce “improved crop varieties with high yielding cash crops such as maize, soya beans and cashew.”
The project is also designed to “develop the capacity of the University of Ilorin in agricultural research, improve farm practice, develop agric entrepreneurs who will give farming a different perspective, promote local Inclusion and enhance economic viability in catchment areas.”
Mr Oyelekan said “This project is a massive one and it is quite unique because we are not bringing anybody from outside; the University of Ilorin is going to provide the land for us and their Faculty of Agriculture will be providing all labour and the expertise, and we will pay them.”
Mr Indimi, a oil businessman, said “enhancing food security in the country” was his major ..continue reading https://www.premiumtimesng.com/business/business-news/367367-unilorin-firm-sign-21-year-land-lease-agreement.html
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