Edo Govt Partners Rubber Estates Nigeria to Build Factory, Expand Plantations

By DADA AYOKHAI

The Edo State Investment Promotion Office (ESIPO) has announced a partnership with Rubber Estates Nigeria Limited (RENL) to boost rubber production in the state.

The partnership will involve the establishment of a rubber processing factory, the development of out-grower schemes, the provision of land for rubber plantations, and management of dormant plantations for diasporas.

“This partnership according to Kelvin Uwaibi, Managing Director of ESIPO, “is a major step forward for Edo State’s Rubber industry valuable chain.

“Rubber is a valuable commodity with a growing global demand, and Edo State has the potential to become a major producer. This partnership will help us to realize that potential.”

Rubber Estate Nigeria Limited is a subsidiary of Socfin, a leading global agribusiness company. The company has a proven track record of success in developing rubber plantations in Africa, and it is committed to replicating that success in Edo State.

Speaking, the Managing Director of RENL, Olivier Odoukou, said the company is excited to partner with the Edo State Government to develop the rubber estate in the state..

According to him, “We believe that Edo State has the potential to become a major producer of rubber, and we are committed to helping the state achieve that goal.”

“The partnership between ESIPO and RENL is expected to create jobs for Edo residents and boost the state’s economy. The rubber processing factory is expected to employ hundreds of people, and the out-grower schemes will provide income for thousands of smallholder farmers.”

The Edo State Investment Promotion Office, is a one-stop shop for investors seeking to invest in Edo State.

The office provides investors with a range of services, including; Information on investment opportunities in Edo State, assistance with land acquisition and permits, facilitation of connections with local businesses and partners, support with aftercare services.