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Published 28 May 2021
Dahua Paper Company Nigeria Limited said it is ready to invest $500m on tree plantation for paper production in Ogun State.
A statement by the Ministry of Industry, trade and Investment, Ogun State, said on Thursday.
It said a working partner in Dahua, Prince Bayo Ikujenyo, disclosed this when the Commissioner, Industry, trade and Investment, Kikelomo Longe, paid a visit to the company.
The company stated that the project, a 10,000 hectare tree plantation, would be segmented into tranches of 2,500 hectares each year for four years.
Ikujenyo said the company had sought the approval of the state government for the 10,000 hectares of land required, as the project would also require a minimum of 5,000 directly employed workers.