Nigeria to get $1bn crop-processing park thanks to Turkish investors
Lagos — Nigeria plans to establish a $1bn crop-processing park with Turkish investors in the country’s north as part of efforts to improve value and boost agricultural exports, according to the country’s investment-promotion agency. The Badeggi Crop Processing Zone in Niger state is expected to start in June 2017, with an initial investment of $250m by a Turkish investor, deputy director at Abuja-based Nigerian Investment Promotion Council, Aminu Takuma, said in an October 30 interview. Additional funds of $800m would follow and the investor would operate the park on completion, he said, without identifying the Turkish partner, citing confidentiality obligations. The facility will process more than 750,000 tonnes of crops including rice, maize, yam, cassava, groundnuts and peas every year, according to the agency. The government plans to set up 15 similar crop zones across the country of more than 180-million people, including one in Lagos, the country’s commercial capital. Presiden...
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