Transcorp Agribusiness arm to begin farming in Benue State | Independent Newspapers Limited
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Transcorp Agribusiness arm to begin farming in Benue State

Posted: Apr 24, 2015 at 5:43 am   /   by   /   comments (0)

By Bamidele Ogunwusi  –  Lagos


Transnational Corporation of Nigeria Plc has announced that agribusiness subsidiary Teragro Commodities Limited has signed a memorandum of understanding (MOU) with the Benue State Government to lease land to establish citrus farms in Ushongo, Benue.

The State Commissioner for Agriculture and Natural Resources, Donald Gbugho signed on behalf of the State Government alongside Permanent Secretary to the Minister of Agriculture Dr. Neeyum Tsavnum.

He said the MoU represents an expansion of Teragro’s current operations in Benue State, which have previously been focused in Makurdi.

He noted that Teragro has been functioning as an industrial operation processing oranges and mangoes into concentrates for local consumption.

According to him, over time, Teragro has grown and expanded its footprint and now produces concentrate that meets the most rigorous global standards for purchase by multinational corporations, including a leading international beverage manufacturer.

Gbugho, while thanking Teragro for the move said: “Teragro has contributed immensely to growth in Benue State by addressing community and youth unemployment through job creation and now, the company is taking a step forward by beginning proper farming, through expert agricultural investors who are standing by with improved varieties of oranges, which the Ushongo people and Benue State at-large can benefit from. This is truly a significant step in the development of agriculture in Benue and in Nigeria”.