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Wednesday, September 18, 2024
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Governor Mbah Launches N100bn Revitalization of Enugu Palm Products Firm

ENUGU (ChatnewsTV) — Governor Peter Ndubuisi Mbah officially launched the revitalization of Enugu United Palm Products Ltd (EUPPL) on Thursday, marking a major step forward in Enugu State’s bid to become a leading hub for agricultural innovation and economic growth in Nigeria. The N100 billion partnership with Pragmatic Palms Limited (PPL) is set to breathe new life into the state’s agricultural sector, creating thousands of jobs and transforming the palm oil industry.

“This project is more than just an investment; it is the triumph of vision over doubt,” Mbah said in a tweet Thursday evening. “Despite the skepticism that greeted this ambitious plan, we have shown that with focus and determination, we can unlock the true potential of our state.”

The revitalization project will encompass 20,000 hectares of palm plantations, and includes the establishment of world-class oil mills and refining facilities. It is expected to generate 3,500 jobs, with the hope of positioning Enugu at the forefront of Nigeria’s agricultural sector.

“We are not simply reviving a business; we are igniting a transformation that will place Enugu at the forefront of agricultural innovation and economic growth in Nigeria,” Mbah added.

The governor highlighted the broader vision behind the project, which he said aims to make Enugu a premier destination for investment, industry, and sustainable development. “Today’s groundbreaking ceremony marks a significant step towards realizing that goal, proving that with strategic partnerships and determination, we can achieve great things for our state.”

Governor Mbah expressed his gratitude to the people of Enugu for their support and to Pragmatic Palms Limited for their commitment to the project’s success. “I heartily thank the people of Enugu State for trusting in this vision, and Pragmatic Palms Limited for their commitment to its success,” he said.

The Enugu United Palm Products Ltd revitalization is expected to serve as a key driver in the state’s economic transformation, leveraging strategic investments and partnerships to boost agricultural output and create new opportunities for growth.

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