Niger State Signs $59 Million MOU with Hungarian Investors on Agriculture

Niger State Government yesterday signed an N18 billion Memorandum of Understanding with an Hungarian investor for the setting up of an integrated farming project and a tomatoe paste processing factory in the state.

The state governor, Alhaji Abubakar Sani Bello signed for the state government while the country representative of the Hungarian investor, Mr. Yua Terva, endorsed the agreement for Osetertrade Engineering & Manufacturing Kft of Hungary.

The project to be sited at Kuta, Shiroro Local Govetnment area of the state will cover over 4,000 hectares of land for the cultivation of alfalfa, mazie and tomatoes and a tomato paste processing factory.

Governor Sani Bello said the signing of the MoU with the foreign investor was part of his administration’s agenda to open up the state, make it economically viable and drastically reduce her dependence on monthly allocation from Abuja.

Speaking after the agreement, the country representative of the Hungarian investor, Mr. Terva, said that the ground breaking of the integrated farm and the tomato processing plant would be in December this year.

He said a minimum of 2,000 direct jobs would be created by the farm and the factory when operational.

 

Source: Dailytrust