CBN partner with Roche to revitalise moribund Enugu agric factories

The Central Bank of Nigeria (CBN), in collaboration with Roche Pharmaceutical Company, is seeking Enugu State Government’s approval to revitalize moribund state-owned agricultural factories.

Mr. Tony Ifechukwu, Special Adviser to the CBN Governor, Mr. Godwin Emefiele, said this on Tuesday when he led a team from the two organizations on a courtesy visit to the Enugu State Government.

Ifechukwu said the CBN governor was interested in ensuring that states become economically viable.

He said the team and the state Technical Committee on Privatisation and Commercialisation had visited the state agricultural factory sites.

He said: “We have visited a cashew industry in the state, including the one at Oji River Local Government Area and the Oil Palm Plantation at Ugwuomu, Ibitolu, and others.

“All these factories are in a state of misuse but can still be revitalized to boost the state and nation’s economy.
“We are interested in all these cash crops because it is a long-term crop that will put wealth back to the state and the country for decades.

“With cashew processing plant, Oil planting mill, and plain wood factory, we can maximize the infrastructure to boost the state’s economy.”

Ifechukwu said the team’s visit was to discuss ways of harnessing the economic potentials in the state’s agri-business enterprise.

He said it was also to facilitate the much-needed accelerated growth, expansion, and development of the state’s economy.

Responding, Dep. Gov. Cecelia Ezeilo promised that the state government would do all in its power to ensure the success of the project.
“I promise that during the Memorandum of Understanding (MOU), we are going to do what will favor your team, the state and citizens now and in the future,” Ezeilo said.