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Heritage Bank Md Tasks Govt On Policies To Support Private Sector Interventions For Infrastructure Growth
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COVID-19: Okowa Lauds FG on NG-CARES
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COVID-19: Over 1,800 receive funds as Okowa launches NG-CARES in Delta
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Obinna Chima
Minister of Industries, Trade and Investment, Mr. Adeniyi Adebayo, yesterday, inaugurated the Nigerian Board of Advisors for the African Enterprise Initiative. According to a statement, the Board inaugurated recently include Dr. Nicky Okoye, who is the founder and Executive Chairman of the African Enterprise Initiative.
Others are Chairman of MRS Group, Mr. Sayyu Dantata; Chairman of Eko Electricity Distribution Company, Charles Momoh; Chairman/Chief Executive, Sahara Power Group, Kola Adesina; former Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside; co-founder, Star Crest, Fifi Ejindu; Founder of Flying Doctors, Dr. Ola Brown; and Director, Investment FMITI, Olukemi Arodudu.
Investors commit $159m to revolutionise Nigeria’s cassava, oil palm value chains
Fayus Group, in collaboration with Shine Bridge Global (SBG) and Africa Global Schaffer (AfGS), are investing $159 million in Nigeria’s oil palm and cassava value chains over three years.
The Chairman of Fayus Group, Alhaji Fatai Yusufu made this known in a statement issued on Sunday, after a virtual meeting to launch the company’s $159 million oil palm and cassava industrialisation investments.
Alhaji Yusufu said that Fayus had committed an additional $44 million in cassava processing, to bring the total investment commitment in the sector to $159 million.
“Fayus Nigeria Limited and Fayus Inc. (U.S) are also working with U.S.-based food and agro-allied services companies, Shine Bridge Global (SBG) and Africa Global Schaffer (AfGS), to co-invest in the cassava value chain in Nigeria”.