The Nigeria Incentive Based Risk Sharing System for Agric Lending (NIRSAL) has stated that the emerging Agro-businesses have become a boost to the country in the post-COVID-19 era.
Speaking during the Ogoja Rice Investment Exhibition held in Calabar on Thursday, the head of Cross River State Office, Mr Progress Uduzeli, said the agricultural sector is a big boost for any entrepreneur in the country and NIRSAL is a formidable partner in this regard.
The exhibition tagged Ogoja Rice Investment Exhibition 2020 was organised by Santuscom Agro Hub to enlighten investors in agro-businesses in creating wealth through sustainable agricultural methods.
Uduzeli said: “NIRSAL will support entrepreneurs up to whatever level they want to go. We are happy to be part of this exhibition and felicitate with Santuscom who are one of our key stakeholders.
“They have demonstrated that nothing is impossible where there is a will and I am confident that this investment will succeed”, he said.
In his contribution, the CEO of Santuscom Agro Hub, Chief Paul Ofana, said the Ogoja Rice utilises the latest rice species and investors will earn a 40 per cent return on investment.
“Ogoja Rice is of the Cali55 rice species which sits on a 1000 hectares of land and right now we are expanding to 5000 hectares because of increasing demand.
“On your investment, we can assure of 40 per cent return and that is why we are opening the space for investors to come in under the crowd funding platform and benefit from this attractive and guaranteed return on investment”, he said.
In his remark, the governor of Cross River State, Professor Ben Ayade, commended the investors, saying a gigantic step has been taken to guarantee food security in the country.
The governor, represented by the commissioner for commerce, Rosemary Archibong, said there are numerous opportunities in the sector and called on young entrepreneurs to take advantage of this.
