Osun State Partners Chinese Investors on Multi-million dollar Cocoa Plant

By July 31, 2017 Investment News

Governor Rauf Aregbesola has inaugurated the management and board of Skyrun Cocoa Processing Industry, Ede.

The governor stated this while inaugurating members of the council at the Government House, Osogbo.

The Chairman of the company, Sir Adewale Adeeyo alongside the Investor, Qizan Zhao were set-up alongside other members of the team.

According to Zhao who is one of the most prominent businessmen and politicians in China, the company with his planned over N10bn investment will create about 1,000 jobs for the people of the state especially Youths.

He explained that this will help to support the industrialization efforts of Governor Aregbesola.

The cocoa industry, Ede was established in 2001 to facilitate the processing of cocoa seedlings into raw materials for advanced cocoa products marketable around the world was resuscitated after 15 years of dilapidation by the Aregbesola administration.

With the inauguration of its new handlers, the company is expected to in the next few weeks be a source of income generation, creation of wealth and promote the massive industrialization efforts of the present administration in Osun.

Source: The Paradigm