Cross River Set To Privatise 7,146 Hectares Oil Palm Estates

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Oil PalmCross River State, has begun Wednesday in Calabar the process with the opening of bids for the palm estates – Boki Oil Palm Estate-Borum and Nsadop Oil Palm Estate.

Boki oil palm with a size of 1,735 and Nsadop oil palm with a size of 5,411 are both located in the Boki Local Government Area of the state.

Mr. John Odo, Chairman of the State’s Privatisation Council, who supervised the bidding process, said that due process would be followed in privatizing the two government-owned assets.

He said the privatization was to ensure efficiency in the running of the estates, create jobs and also improve the internally-generated revenue of the state.

He lauded the state governor Ben Ayade for the approval adding that past administrations had tried privatizing the estates but were unsuccessful.

The chairman said that the council would ensure that the same successes recorded in previous privatized government assets were replicated in the estates.

“All the assets privatized by previous governments are doing well such as Unicem and Transcorp.

We don’t want ours to be an exception.

“The communities where these estates are situated had in time past prevented government from privatizing them, but are now calling on the government to ensure the success of the privatization.

“We are sure that when the privatization comes into fruition, the communities will be the highest beneficiary in terms of employment and infrastructural development,” Odo said.

Mr. Patrick Odok, a representative of one of the bidding companies, promised to transform the palm estates to meet the modern-day reality and the needs of the host communities.

“We are very serious about our investments; we mean business; we are here to bring transformation, create jobs and change lives.

“We are not bringing anything less to Cross River.

“All our technical partners are aware and are also ready to take up responsibilities if we win the bid,” he said.





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