THAI COMPANIES TO INVEST $400M IN AGRICULTURE IN ANAMBRA
Thai Borneo Energy Ltd, Thailand,and Anambra Government are collaborating to attract agricultural investment projects worth up to 400 million dollars to the state. The Managing Director, Anambra State Investment Promotion and Protection Agency (ANSIPPA)Mr Billy Ekwunife made this known to the press after a meeting with the business group and others in Awka. Ekwunife stated that the main focus of the investors was massive farming and production of rice and oil oil palm for both local consumption and for export. “The state government will provide the land and some other logistics for the investment, while Thai Borneo Energy Ltd will finance the project through their partners, the Bukham Group. Their rice specie is quite different from the rice we have in the country, which will be harvested three times a year. The oil palm tree to be introduced is three times better than what is obtainable in Nigeria,” he said. Ekwunife cited that the investment will create jobs for unemployed