Oriental Energy Farms, Unilorin sign pact on food security


Oriental Energy Resources Limited (OER), an oil and gas company, has through its arm OER Farms Limited signed a pact with the University of Ilorin (Unilorin) to embark on mechanised farming in Nigeria, reports EMEKA UGWUANYI

 

Oriental Energy Resources (OER) subsidiary OER Farms Limited has signed a 21-year land lease agreement with University of Ilorin (Unilorin) to develop a 10,000-hectare mechanised agricultural project, which will be managed in line with best industry practices to increase productivity within the sector.

The agreement followed a memorandum of understanding signed by the parties in September, and underscores the Federal Government’s progress towards food security. Improved crop varieties with high-yielding cash crops such as maize, soya beans and cashew are proposed for the project.

At the signing of the agreement in Maiduguri, Borno State, Oriental Group founder Dr. Muhammadu Indimi said the initiative – a vision of close-to-half a decade – speaks of…



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