Benue State, U.S. Company sign $1billion agriculture partnership

The government of Benue State north central Nigeria  and a United States’ company, Juma International, have entered into an agreement that will see an investment of one billion dollars in agriculture in the central Nigerian state.

The agreement was signed at the weekend, as the state makes more commitment to push it’s agriculture engagements further at a period that different states are focusing on diversifying the economy that is already in recession.

Investments under the agreement will be in agro-allied and food processing, with the U.S. company, which is into agriculture and food manufacturing, willing to relocate its headquarters to Nigeria.

According to the Chief Executive Officer of Juma International, Nelson Smith, the agreement will create 15,000 jobs with long term career prospect which Governor Samuel Ortom believes is necessary for wealth creation and technology transfer.

More Nigerians are increasingly embracing agricultural activities like the Central Bank of Nigeria Anchor Borrowers Scheme and the IFAD rural finance project in 12 states.

A local content partner in the project, Austin Arah, also sought adequate security for the investment to pull through.