Aiyedatiwa signs MoU for N15bn agriculture investment in Ondo

 

Ondo state governor, Lucky Aiyedatiwa, has signed a Memorandum of Understanding with a private investor for the injection of N15bn to establish the Young Ranchers Agricultural Cluster Development Programme

The youth-oriented agriculture initiative would be established in each of the three senatorial district.

According to the MoU, the investors would cultivate five hectares of land in each of the three clusters with the state owned higher institutions as pilot beneficiaries.

Chief Press Secretary to Governor Aiyedatiwa, Ebenezer Adeniyan, in a statement, said the initiative would focus on practical farming for young people and practical training for students in agriculture and agric related operations. 

“Aside training of the students, each of the three institutions to be used as hosts also stands to benefit a percentage from the proceeds of the operations,” the statement reads.