Obaseki Advocates Investment In Oil Palm To Boost Forex

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The Executive Governor of Edo State, Godwin Obaseki, has called for massive investment in Agriculture, especially oil palm as a strategic move to boost foreign exchange in Nigeria.

Obaseki explained that stockbrokers played critical roles in the flow of investments into various sectors of the economy saying that Nigeria’s economic growth was hinged on a vibrant private sector, propped by a thriving capital market.

Speaking at the 26th Annual Chartered Institute of Stockbrokers’ conference which held in Benin City with the Theme: “Capital Market and Agricultural Development in Nigeria: Issues and the Way Forward”, Obaseki, who was represented by the Edo State Government’s Head of Service, Mr Anthony Okungbowa stated that the Edo State Government developed the Edo State Oil Palm Programme (ESOPP) in collaboration with the Central Bank of Nigeria (CBN) to de-risk investment in the oil palm plantation and agriculture sector in order to tackle supply gap in the system.

Obaseki Advocates Investment In Oil Palm To Boost Forex

Speaking at the 26th Annual Chartered Institute of Stockbrokers’ conference which held in Benin City with the Theme: “Capital Market and Agricultural Development in Nigeria: Issues and the Way Forward”, Obaseki, who was represented by the Edo State Government’s Head of Service, Mr Anthony Okungbowa stated that the Edo State Government developed the Edo State Oil Palm Programme (ESOPP) in collaboration with the Central Bank of Nigeria (CBN) to de-risk investment in the oil palm plantation and agriculture sector in order to tackle supply gap in the system.