Gov Sani Bello Signs N18 Billion MoU With Hungarian Investors For Integrated Farm Project.

Niger Governor, Sani Bello
A huge tomatoes processing factory is to built in Kuta, Shiroro local government area of Niger state by a Hungarian firm.
Sword turning ceremony for the integrated farm project and the construction of the factory is expected to be done in December this year.
The state government on Wednesday signed a $49 million about (N18 billion) Memorandum of Understanding with a Hungarian investor for the setting up of an Integrated farming project and a Tomatoe Paste processing factory in the state.
Governor Abubakar Sani Bello said while signing the dotted lines for the deal between the state government and the Hungarian investor represented by the country representative of the Hungarian investor, Mr. Yua Terva, signalled the endorsed agreement for Osetertrade Engineering & Manufacturing Kft of Hungary to set up it’s farm project in the state.
The multi billion naira project to be sited on a land area covering over 4,000 hectares in Kuta area for the cultivation of Alfalfa, Mazie and Tomatoes as well as erect a Tomato Paste processing factory in the area.
Governor Bello said the venture
was part of his administration’s agenda to open up the state, make it economically viable and to drastically reduce the state’s dependence on monthly subventions from the federal government.
He explained that beside job creation, the project would also expose the state to new technology in farming and the introduction of new type of crop seeds to be used by the company.
He said his administration entered into the MoU in pursuant of hid government’s commitment to leverage on the vast land resources of the state and to promote agriculture as an alternative to the country’s mono-economy.
Addressing newsmen after signing the agreement, the country representative of the Hungarian firm, Mr. Terva, disclosed that the ground breaking of the integrated farm and the Tomato Paste processing plant will be in December this year.
He hinted that no fewer than two thousand direct labour would be created by the farm and the factory when it becomes fully operational.


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