Some American-based agribusiness investors led by Fayus Inc Sacramento have pledged to invest about $43.7 million in industrial food ingredients and cassava value chain in Edo State.
They said the investment will include food science, technology knowledge transfer and increased trade and investment inflows between the United States (US), Nigeria and other ECOWAS countries.
Chairman of Fayus Inc, Fatai Yusufu, who spoke at virtual meeting with U.S. Ambassador to Nigeria, Ambassador Mary Leonard and some foreign and local agribusiness investors in Abuja with the Edo State Governor, Godwin Obaseki said out of the money, about $32 million will be invested in the cassava value chain.
He said the investment in cassava food products development will serves as an example of synergy of goals in value creation to drive food security, economic diversification and jobs creation under the Prosper Africa Initiative and DFC project financing in support of US-Africa investors…
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News Archive from before July 2018