Nigeria: Firm, Kebbi partner on N20bn tomato factor
New Telegraph | November 25, 2019
produces tomato paste and seasoning cubes under the Gino brand.
Firm, Kebbi partner on N20bn tomato factory
By Ahmed Idris
An arrangement has been concluded by the Kebbi Government in collaboration with the G-B Foods Africa for the establishment of a N20 billion tomato processing factory in Ngaski local government area of the state.
Addressing members of the team who paid him a courtesy visit recently at Government House Birnin Kebbi, Governor Abubakar Bagudu said the government had drafted an agreement with the company, adding that the process would be finalized when legal backing is given to GB Foods to cultivate 1,000 hectares of farm lands to produce tomatoes as raw materials.
In his response, the firms Director, Cooperative Affairs and Agricultural Business, Dr Teddy Ngu, said G-B Foods would invest an initial fund of $10 million US dollars into the project.
“The project has been designed to be largest of its kind in Sub-Saharan Africa,” he said.
Earlier, chairman of the firm, Mr Francis Ogboro, commended the state governor for his support towards the actualization of the project.
He said the company would subsequently make a total investment of N20 billion into the Tomatoes Processing Factory.
“The company will provide 1,500 jobs to unemployed youths in the local community on completion,” he said.
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