Ogun State Government has signed a Memorandum of Understanding (MoU) with Arewacotton Limited, an indigenous natural fibre company, to produce, process and market cotton in the state. The partnership is expected to empower 5,000 indigenous cotton farmers and their dependants and also engenders multiple investment opportunities estimated at billions of naira.
The MoU was signed between Governor Ibikunle Amosun represented by the Secretary to the State Government (SSG), Taiwo Adeoluwa, and the Chairman of Arewacotton, Professor Michael Olayiwole, at the Governor’s Office, Oke-Mosan, Abeokuta on Wednesday following the increasing market of cotton from local textile industries as well as exports.
They have always not been in doubt that the only way to put more money in the pockets of their people and to tackle the restive and large youth unemployment is to develop agriculture. It would help them to keep their communities calm and ultimately it will improve their security initiatives.