Otti Receives Team of Agro-Investment Group for Execution of USD120 Million MOU with Abia

On Thursday, 28th November, 2024, His Excellency, the Executive Governor of Abia State State, Dr. Alex Chioma Otti, OFR received in audience the delegation from Nimbel Shaw, led by the Director, Mr. Junaid Hakeem Bello-Osagie who were in the State to execute an MoU with the State for a US$120m investment in oil palm value chain.

Nimbel Shaw is an Oil Palm Company based in Nigeria but are in partnership with PHC (Plantations et Huileries du Congo), the largest palm plantation in the Democratic Republic of Congo, and Kuramo Capital, LLC – their funding partners.

The team visited selected palm plantation in the State, including the Ohambele Palm Plantation and Ulonna Farm Settlement to explore their investment options in the Oil Palm value chain in Abia State.

The Governor led the Government team including Hon. Commissioner for Agriculture, Dr. Cliff Agbaeze, Hon. Commissioner for Lands and Housing, Mr. Chaka Chukwumerije, Special Adviser on Investment Promotion, High Chief Greene Amankwe, Director General Abia State Public Private Partnership and Investment Promotion Board, Mr. Chinedum Chijioke and the Technical Assistant to the Governor, Mr. Charles Egonye to receive the Investment team.

Ctz. UKOHA NJOKU UKOHA
Chief Press Secretary to the Executive Governor of Abia State.