The Odu’a Investment Company says it has invested about N200m in the cultivation of tomatoes in Imeko-Afon Local Government area of Ogun State.
The Board Chairman of the conglomerate, Engr. Sola Akinwunmi, who disclosed this at its 36th Annual General Meeting held in Ibadan, added that the move was part of efforts to restore the lost glory of the South-West region of the country in food production.
‘’We decided to venture into tomato production in the Imeko-Afon axis of Ogun State with about N200m investment targeted at reducing the region’s dependence on imported agricultural products with a view to restoring its lost glory.
‘’Apart from it being a major income spinner for the State, region and the country at large, the move would also generate employment for the teeming unemployed youths, particularly in the South-West region,’’ Akinwunmi added.
The Member, representing Ogun State on the board, Alhaji Tajudeen Bello, said the choice of the State for the project, was informed by the huge investment in agricultural production by the Senator Ibikunle Amosun led-administration, availability of arable land and conducive environment for investment in the State.
Secretary to the State Government, Barr. Taiwo Adeoluwa, while thanking the Group for investing in the State, promised that the State government would further partner it, to ensure its success.
‘’We see the move as capable of addressing food insecurity in the land. As a member of the conglomerate and beneficiary of the project, we will render all the needed assistance to make it a huge success,’’ the SSG said.