Edo Govt., Presco collaborate on Oil Palm research



Edo government is collaborating with PRESCO Plc. on the development of high yielding oil Palm seeds as part of the state’s oil palm programme.

Gov. Godwin Obaseki of Edo disclosed this while receiving the Chairman of PRESCO, Mr Pierre Vandebeeck on a courtesy visit to Government House in Benin on Tuesday.

Obaseki said that high yielding seeds were necessary to make the business more profitable for farmers as Oil Palm has a long gestation period.

“We want to collaborate in the area of research to have one of the world best planning materials and so that we can go back to where we used to be in Oil Palm production in the world.

“Presco has a laboratory in Europe and they are thinking of expanding the laboratory here in Nigeria so to that they can reproduce high quality planting materials.”

He said discussions were also ongoing with PRESCO on supporting the state in the implementation of the CBN Oil Palm initiative and for the company to expand to other locations in the state.

In his response, Vandebeeck said the company has a technology of multiplying seed production called “invitro culture’’ which it intended to establish in Nigeria.

He said that Edo government had shown willingness to collaborate on the development of the technology in the country which would also benefit small holders Oil Palm farmers.

“We want to create a special company in Nigeria for the propagation and distribution of high yielding planting materials.’’

He said that Edo remained a destination for its business going by the ease of doing business, friendly government policies and hospitality of the host community.

He said that the visit to the governor was also to request for more land to expand its Oil Palm plantation.

Edited by: Grace Yussuf

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