Ekiti State Government has said it is eyeing industrial and trade investment worth $500m from Egypt as part of efforts to boost the state’s industrialisation drive and generate direct and indirect jobs.
The Commissioner for Agriculture and Food Security, Ebenezer Boluwade, said that the Ekiti–Egypt Industrial Investment Mission “generated a pipeline of opportunities with the potential to mobilise up to US$500m in industrial and trade investment in the state.”
Boluwade stated this in a statement released in Ado Ekiti on Sunday, noting that the five-day mission, which was held in Egypt last month, brought the Ekiti delegation into engagement with over 40 Egyptian industrialists, manufacturers, processors, agribusinesses, mining operators and investors.
The commissioner said that the engagement resulted in eight Expressions of Interest and further commercial engagements across agriculture, agro-processing, commercial farming, seed production, textiles, manufacturing and solid minerals.
He said, “We want to build agricultural value chains where farmers have reliable markets, processors have access to the volumes and quality they require, and more of the value created from our agricultural resources remains within Ekiti.
