Abia Govt, Honeywell Sign MoU Over Abia Palm Estate

KayCee
By KayCee May 20, 2014 23:55

The Commissioner for Agriculture in Abia, Dr Ken Nwosu, said the State Government had signed a memorandum of understanding (MoU) with HoneyWell Group to takeover Abia Palm Estate.

Nwosu told the News Agency of Nigeria (NAN) in Umuahia on Monday that the move was part of the efforts to revive the estate.

He said government had revoked the contract with Sharrid firm, the investors that took over the estate last year.

Nwosu said Sharrid failed to deliver on the MoU it signed with the government.

“Sharrid failed to live up to the terms of the MoU with the government.’’

He also explained that government had revoked the contract for Ulonna North and South Farm Settlements with a private investor.

The commissioner said that government had fully taken over the farms and was prepared to hand them over to new investors.

He explained that the former investors were not remitting money to the government as contained in the MoU.

The commissioner said the ministry would soon begin another phase of registration of farmers in the 17 Local Government Areas of the state.

He added that the measure was to enable more farmers in the state to benefit from the state and Federal Governments’ agricultural programmes. (NAN)

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KayCee
By KayCee May 20, 2014 23:55