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Mbah flags off revitalisation of Enugu United Palm Products Ltd

By Guardian Nigeria
13 September 2024   |   1:30 am
Governor of Enugu State, Dr. Peter Mbah, yesterday, performed the formal flag-off of the revitalisation of the Enugu United Palm Products Limited (EUPPL).
Enugu State Governor, Peter Mbah,

Governor of Enugu State, Dr. Peter Mbah, yesterday, performed the formal flag-off of the revitalisation of the Enugu United Palm Products Limited (EUPPL).
The ceremony, which was held at Ibite-Olo, Ezeagu LGA of the state, was a sequel to the N100 billion deal between the Enugu State Government and Pragmatic Palms Limited (PPL), in May this year.

   
At the event during which he equally performed the groundbreaking for the staff quarters at the plantation, Mbah thanked the people of the state for believing in his vision and determination to revive and convert the state’s moribund assets into productive assets.
 
“So, what this groundbreaking ceremony represents for us is a new lease of life for Pragmatic Palm Product Limited. It also shows that we are getting closer to our dream to transform Enugu State as a premier destination for investment, industry, tourism, business and living.”
   
Speaking, the Managing Director/CEO of Pragmatic Palms Limited (PPL), Prof. George Nwangwu, rolled out a five-year aggressive plan to reposition EUPPL as one of the leading integrated oil palm establishments in Nigeria, playing in the upstream, midstream, and downstream sectors. He added that the firm would create 3,500 direct and indirect jobs.

In the upstream, he said that with only 40 per cent of the 6,700 hectares of land planted so far, EUPPL would embark on aggressive planting of the unplanted lands, increasing the planted area to at least 20,000 hectares in five years.
   
In the midstream, Nwangwu said: “We will set up world-class oil mills across the three locations as well as increasing the oil production capacity over time.”
In her remarks, the Commissioner for Trade, Investment and Industry, Adaora Chukwu, recalled that EUPPL, originally established by the government of the defunct East Central State in 1970 on 6,700 hectares traversing Ibite-Olo in Ezeagu LGA, Ugwuoba in Oji River LGA, and Umulokpa in Uzo-Uwani LGA, though initially viable, was crippled by mismanagement, obsolete equipment, and limited market access.
 
 Meanwhile, the host communities lauded Mbah for reviving the EUPPL after over 40 years of dormancy and ruin, with a businessman and community leader from Olo, Johnmary Anagolu, pledging a donation of N50 million to support the administration’s infrastructural development in the area.

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