Chief Operating Officer of Agro Park Development Company, Tunde Oyelade, has divulged that the Lagos and Ogun state based value addition agro-allied company is close to inaugurate an integrated agro-processing industrial park in the next three months (precisely July) of this year.
The company confirmed that production plants which are required machinery for efficient processing and extraction of essential oils from lemon grass, tropical basil and turmeric will be included in the first phase of the agro-processing park.
It is also in the company’s plan to commence the second phase of the project later in the year, which would include the unveiling of the first ever curcuma extraction plant that in Africa.
Thus, other plants for processing activities also expected to kick-start operations at the first phase are; poultry processing of 100,000 organically bred chickens daily, a foundry and the spices production units.
Meanwhile, a host of investors ranging from 80 to 100 are participants expected to engage in the park. Therefore, the investors will mostly be Nigerians with a stronger percentage of 80 percent than the foreigners expected to be involved.
Managing Director of the company, Sola Olunowo said that the industrial park is aimed to draw attention of the private sector, convincing them to set up food processing plants in bumper producing areas by adding value to agricultural products, linking farmers to processing plants and creating wealth for them, as well as reducing post-harvest losses and speeding up the development of rural economies in the country.