CBN, Roche Pharmaceutical to revive Enugu agricultural factories

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CBN, Roche Pharmaceutical to revive Enugu agricultural factories
William Ukpe by William Ukpe June 30, 2021Reading Time: 2 mins read
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The Central Bank of Nigeria (CBN), and global pharmaceutical giant, Roche have announced that they have gotten the approval of the Enugu State Government to revive moribund state-owned agricultural factories.

This was disclosed by Mr Tony Ifechukwu, Special Adviser to the CBN Governor, Mr Godwin Emefiele, on Tuesday, in a meeting between the Enugu State Government and teams from the CBN and Roche.

The CBN said its interest remains to make the state economically competitive, citing that the apex bank and the state’s Technical Committee on Privatisation and Commercialisation have discussed reviving the agriculture factories.

“We have visited a cashew industry in the state, including the one at Oji River Local Government Area and the Oil Palm Plantation at Ugwuomu, Ibitolu, and others.

All these factories are in a state of misuse but can still be revitalised to boost the state and nation’s economy,” Ifechukwu said.

“We are interested in all these cash crops because it is a long-term crop that will put wealth back to the state and the country for decades.

With cashew processing plant, Oil planting mill, and plain wood factory, we can maximise the infrastructure to boost the state’s economy,” he added.

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