By Emma Obi, Calabar
Cross River State Governor, Prof. Ben Ayade Thursday in Calabar called on Nigerian youths to invest more in the nation’s agricultural sector rather than roam the streets seeking for white color jobs that almost no longer exist.
According to Ayade, agro– economy is now the new oil and urged youths to key more into Agriculture.
The governor said that mono economy is no longer tenable as Nigeria had relied on oil over the years advising that agriculture is now the alternative to the survival of our economy.
Ayade made these remarks at the launching of Ogoja rice investment exhibition 2020 which took place at Transcorp Hotel Calabar.
He predicted that ‘’new billionaires are certainly going to emerge from the agricultural sector’’.
The Governor who was represented at the launch by the state Commissioner for Commerce Barr. Mrs. Rosemary Archibong added that through agriculture, more employment opportunities will be created.
Earlier in his remarks, Chief Executive Officer/ CEO, SANTUSCOM Agro–hub(Owners of Ogoja rice) Chief Ofana Paul Santus, stressed that with investment in rice farming the sky can always be the limit for any individual who ventures into the sector.
“That is why we are opening the space for investors to come in under the “crowd funding platform” and benefit from the attractive and quaranteed return on investment (ROI) of 40%.
“This is an impressive high yield investment that you must take advantage of don’t hesitate to make your money work for you”. Ofana maintained.
He said that those who invest in the rice farming venture should be sure of getting about 40% of the returns.
” Right now, we are already expanding to 5,000 hectares because of increasing demand to 5,000 hectares because of increasing demand for the commodity stressing that currently SANTUSCOM is producing 30 tonnes daily.
Similarly, representative of Nigeria Export Promotion Council, Dr. Emmanuel Etim urged Cross Riverians to invest in the venture for food security.
He said that the council is willing to collaborate with SANCTUS COM in the area of training the organization on how to produce for export so that the GDP of the nation can be increased.
—National Accord
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