Rivers State Government has moved to establish $140 million Agro-Industrial Development Project (AIDP) in Etche Local Government Area of the state.
The Executive Director of Rivers State Sustainable Development Agency (RSSDA) Mr. Noble Pepple, said that the project would run in partnership with an Israeli company.
The RSSDA boss who disclosed this during a courtesy visit to chiefs of the host communities said that the state government would provide $100 million while its partner, the Isreali company, would provide $40 million.
While affirming that the project would provide jobs for 5,000 unemployed youths of the state when completed, Pepple said that the Agro-Industrial Processing centre would span Akwa, Odogwa, Ulakwo, Egwi and Okoroagu communities in the area.
He revealed that the major components of the company included an Agro-Industrial Processing centre, three hundred model-farming cities and a large scale mechanised commercial centre, noting that the project would cover three thousand hectares of land.
According to Pepple: “Construction of work would commence September this year and the project would provide jobs for 5,000 unemployed youths of Rivers State origin when completed. The major components of the company include an Agro-Industrial Processing centre, three hundred model farming cities and a large scale mechanised commercial centre.”
He commended Governor Chibuike Amaechi for the provision of funds for the take-off of the project and appealed to the host communities to assist in ensuring smooth completion of the project by maintaining a peaceful atmosphere.
Pepple reasoned that opportunities accruable from the project would have multiplier effects in the transformation in the local council.