Ondo State Government has signed a Memorandum of Understanding with two Malaysian firms to enhance food security and increase agricultural output in the state.
Governor Oluwarotimi Akeredolu during the ceremony held virtually at his office in Akure explained that the latest move is not just for the good of the state but to also consolidate on the good relationship between the Malaysian government and Nigeria.
Orange FM’sJoseph Ikugbonmire reports that the latest development is the formalisation of a business agreement between the Ondo State Government and and two Malaysian Companies at establishing Ondo State Integrated Rice Development Project at Ogbese in Akure North Local Government Area.
Governor Oluwarotimi Akeredolu, who recalled his trip to Malaysia in April 2019 said the development would further boost the vast agricultural potentials of the state at ensuring food security through sustainable food production.
The governor said his journey of faith to Malaysia that resulted into the signing of the agreement on the Rice project will not only generate employment for thousands of citizens of the state but equally bring about a stable flow of income to the state.
The Malaysian High Commissioner to Nigeria, Mrs Gloria Corina who spoke from her office in Abuja expressed delight that the coming on stream of the Ondo State Integrated Rice Project will further strengthen the bilateral economic relations between Nigeria and Malaysia.
The CEO of MARDI Corporation who spoke virtually from Malaysia was full of appreciation to Governor Akeredolu for his commitment to the project and assured that his company would not default in delivering the project.
The President of the Nigeria-Malaysia Business Council, NMBC, Dr Michael Aderohunmu said the coming together of the parties on the Rice Project will save Nigeria alot of her hard-earned foreign income being spent on the importation of rice annually.
The CEO of the Ondo State Development and Investment Promotion Agency, ONDIPA who is the Special Adviser to the Governor on Development and Investment, Mr Boye Oyewumi said the event was the outcome of a successful trip to Malaysia by the Governor in 2019 to develop the
state’s agricultural value chains.
The two foreign companies are Mardi Corporation SDH BHD whose obligation is to provide the technical support for the proposed project and LA RUTA Malaysia SDH BHD who will provide the greater chunk of the funds required for the project.