The Edo State Investment Promotion Office (ESIPO) has announced a partnership with Rubber Estates Nigeria Limited (RENL) to boost rubber production in the state.
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Kelvin Uwaibi, Managing Director of ESIPO disclosed this to newsmen in Benin City, Edo State.

According to him, the partnership will involve the establishment of a rubber processing factory, the development of out-grower schemes, the provision of land for rubber plantations, and the management of dormant plantations for diasporas.

Uwaibi said, “This partnership is a major step forward for Edo State’s rubber industry. Rubber is a valuable commodity with a growing global demand, and Edo State has the potential to become a major producer. This partnership will help us to realize that potential.
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“The partnership between ESIPO and RENL is expected to create jobs for Edo residents and boost the state’s economy.

“The rubber processing factory is expected to employ hundreds of people, and the out-grower schemes will provide income for thousands of smallholder farmers.”

Earlier, Olivier Odoukou, Managing Director Rubber Estates Nigeria Limited (RENL) said, “We are excited to partner with the Edo State Government to develop the rubber industry in the state.

“We believe that Edo State has the potential to become a major producer of rubber, and we are committed to helping the state achieve that goal,” Odoukou said.
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