Italian Palm Oil Processing Company Relocates To Ile-ife, Osun State.

The Investment drive of the Governor State of Osun, Ogbeni Rauf Aregbesola, to overseas countries in recent times, have continued to yield the much desired results as an Italian Company, Mano Investment and Properties, based in Milan has mobilized to the state to commence the final spadework for the establishment of a palm-oil processing factory in the State of Osun.

Officials of the Italian Company who were in Nigeria during the week made this disclosure during a meeting with Senior Political and Management functionaries of the States Ministry of Environment and Sanitation and the Ministry of Agriculture and Food Security at the New Secretariat Complex, Gbongan road.

Head of the Italian Firm's delegation to the meeting, Dr. Les Beaumont, who is also the Italian firm's Project Coordinator, informed the Senior State functionaries that, himself together with other officials of the company will be in the state for two weeks to undertake the necessary feasibility studies and other arrangements for submission to their parent company in Italy for actual commencement of work at the project site in Ile-Ife, before the end of the on-going raining season.

Dr. Beaumont also informed the meeting that based on the preliminary reports earlier communicated to the parent company in Italy, the project financier of the Oil Processing Firm being targeted for the State of Osun, will be meeting in November to consider the report to be written on the project for final release of money for the immediate take-off of the project before the year runs out.

Representative of the Italian based firm, who is also the Managing Director, Venture Alliance Offshore Partners Nig. Ltd., Mr. David Famoriyo, also informed the meeting that, the Italian firm has various projects in Ghana, Port Harcourt and Abeokuta in specific agricultural and non-agricultural commodity products.

In their separate responses at the meeting, the State's Commissioner for Environment and Sanitation, Prof. Olubukola Oyawoye and the Special Adviser to Governor on Agriculture and Food Security, Mr. Festus Agunbiade on behalf of the State Governor, Ogbeni Rauf Aregbesola, assured the Italian firm of the State Government's maximum cooperation that will be enable the firm commence work quickly in the state, and provide employment to the state's able-bodied citizens.

Also present at the meeting were Permanent Secretary, Ministry of Environment and Sanitation, Mr. Dayo Olaluwoye, Directors and Staff of both the Ministry of Environment and Sanitation and the Ministry of Agriculture and Food Security respectively.
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