Osinbajo inaugurates cashew factory

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Vice President Yemi Osinbajo has inaugurated a Cashew Processing factory, FoodPro Nigeria Limited, in Ilorin.

Osinbajo also inspected the factory on Tuesday after the inauguration, was delighted with what he saw on ground.

The Vice President who was conducted round the factory by the Chief Executive Officer of the company, Mr. Ayo Olajiga, restated administration’s resolve to continue to support the private sector with policies that would make life easier for them to do business.

Osinbajo was accompanied by Gov. Abdulfatah Ahmed of Kwara; the Minister of Information and Culture, Alhaji Lai Mohammed; the Director General of BOI, Mr. Waheed Olagunju.

Olajiga, who later spoke with the News Agency of Nigeria (NAN) said that the company had employed more than 400 staff with 90 per cent of them being women since it started operations a few years back.

He said the factory was expanded to produce 5,000 tonnes of processed cashew nuts a year.

Olajiga explained that most of the company’s outputs were exported to the United States of America (USA) and local stores in Nigeria.

He said the choice of Kwara State for the factory was because of raw material coupled with the state government’s friendly business policies.

He commended the Bank of Industry (BOI) for its support to the company and the Kwara State government.