Rivers - The Rivers Government is to establish a $140 million agro-industry in Etche Local Government Area of the state, a statement by the government stated on Tuesday in Port Harcourt.
The statement quotes Mr. Noble Pepple, Executive Director, Rivers State Sustainable Development Agency (RSSDA) as making the pronouncement during a visit to the traditional ruler of Ulakwo-Umuselem clan in Etche.
According to the statement, the government has already acquired 3,000 hectares in five communities in Akwa, Odogwa, Ulakwo, Egwi and Okoroagu, for the project.
The project is a counterpart-funded venture between the state government and an Israeli group, in which Israel is expected to provide $40 million, while the state government is to contribute $100 million.
The statement said that work on the site would start in September, and would provide jobs for 5,000 youths on completion.
It said that the major components of the project would include an agro-industrial processing centre, 300 model farming cites and a large-scale mechanised commercial centre.
In the statement, Pepple appealed to the host communities to cooperate with government, saying opportunities accruable from the project will have positive effects in the transformation of Etche Local Government Area.
The statement also stated that the Chairman of Etche Local Council, Mr. Reginald Ukwuoma, commended the government for its development initiative and gave the assurance that the council would provide the enabling environment for the successful execution of the project.
It added that the traditional ruler of the clan, Eze Loveday Amadi, thanked the government for citing the project in his area, and also gave the assurance of co-operation by his people.