Sunday, March 27, 2016

Mexico Set to Export Banana from Cross River

The Foreign Direct Investment of Cross River State may soon receive some boost as investors from Mexico have concluded arrangement to commence the exportation of banana from the state.
Already, investors from the country said they were ready to start the cultivation of banana on 2000 hectares of land provided for that purpose. Following the development, the Cross River State Governor, Prof. Ben Ayade, said his administration would soon become a net exporter of banana.

Ayade, in a statement issued by his Chief Press Secretary, Mr. Christian Ita, expressed delight at the decision of some Mexican farmers to partner the state to establish a huge banana farm in the state.
According to the governor, banana production and export will help his administration to achieve the objective of diversifying and reconstructing the economy of the state.

He said, “This banana farm you are bringing is a thing we are in a hurry to get started. It is a handshake of deep prosperity. While naira is what is required to cultivate banana, it is sold in dollars.
“This partnership will diversify and reconstruct the economy of Cross River State. The state has the largest and best soil among the few states in Nigeria that grow banana.”

Ayade’s trip to Mexico was a follow-up to an earlier visit paid to Calabar by a team of investors led by Mr. Carlos Peniche. Peniche had assured that the partnership would be of tremendous benefit to both parties. He said that the project would start with the cultivation of about 2,000 hectares of land.

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