Trade Minister Lauds Investors, Assures of Govt Patronage

The Federal government has assured investors of continued patronage to ensure the growth of their investment.

The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo gave the assurances on Monday while addressing a delegation of Daniel Franco Institute, who visited him to seek his support for the setting up of the Rabelat Entrepreneurship Centre for Animal Husbandry (RECAH) in Nigeria.

A statement by his media side, Ifedayo Sayo said the Minister reiterated the Federal Government’s commitment to making the country a safe destination for investors.

The Minister said his ministry has the mandate of facilitating the development of viable non-oil commodities, inline with quality management systems, geared towards boosting indigenous food and animal production, consumption/sustainability, as well as acceptability at targeted international markets for foreign exchange earnings.

He pointed out that it was imperative for the ministry to engage the institute to deliberate on the nature of strategic partnership and level of collaboration.

Earlier, the managing director of Rabelat Nigeria Ltd., Dr Ahmed Raji said RECAH was structured to run both training and commercial outfits for the animal husbandry sub-sector.

According to him, “the training arm will focus on the basic studies in animal husbandry and entrepreneurship, and provide the platform for trainees to select, breed, care-for, process and market livestock and small animals.
The cost of the project is N2billion, which will be spent on the construction of administration block and lecture halls, hostel, purchase of teaching aids, and construction of other infrastructural facilities”.

Raji listed the benefits of RECHA to include aiding and fast tracking development of agribusiness in the country, creation of 50,000 jobs and solving the problem of herdsmen-farmers clash that has become a common occurrence in the country.

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