UNILORIN, firm sign 21-year land lease agreement

The University of Ilorin and Oriental Energy Resource Farms Ltd, an agro-based firm belonging to Borno State entrepreneur, Mohammed Indimi, recently signed a 21 years “land lease agreement” for mechanised agricultural projects.

The memorandum of understanding (MOU) was signed by Mr Indimi and Vice-Chancellor of UNILORIN, Jubril Oyelekan, at the Maiduguri office of OER Farm Ltd last week.

The MOU stipulates that UNILORIN would provide 10,000 hectares of land in the next 21 years to Mr Indimi’s new company for the development of a mechanised agricultural project.

Also in the signed accord, the university will provide both the technical and manpower needs that OER Farms requires to develop and operate the agro-business project “in line with best industry practice to increase…

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