The Delta Government has signed a $20 million Memorandum of Understanding (MoU) with Norsworthy Investment, a private firm, for the cultivation of 3,000 acres of oil palm and processing plant project.
The project which would be sited at Akwukwu-Igbo in Oshimili North Local Government Area of the state, was signed in Asaba on Thursday by the Secretary to the State Government, Mr Festus Agas.
Agas reiterated the commitment of the state government to provide the needed support for investment towards developing every sector of the state economy.
“Upon the inception of this present administration in the state, Gov. Ifeanyi Okowa, expressed his commitment to create an enabling environment for investment to thrive.
“The governor is committed to creating jobs and as such ensure a massive investment drive to grow our economy.”
He pointed out that Okowa’s administration placed priority on agriculture, saying that agriculture remains the mainstay of the state economy.
He lauded the management of Norsworthy Investment for its interest in developing the state, assuring the firm that the state government would provide every necessary support to make the project a success.
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