Ekiti has a comparative advantage in agriculture, and we are working with institutions, private entities, and development partners to address critical challenges and make the sector more attractive.
Today, we signed a multi-billion naira MoU with Cavista Holdings to establish a state-of-the-art cassava farm spanning 100,000 hectares within Ekiti State. This development complements our efforts to create an enabling environment for investment, transform our state into a food production hub, and boost our economy.
I urge other investors to explore the abundant investment opportunities available in our state, particularly in the tourism, mining, Ekiti Knowledge Zone (EKZ), and Special Agro-Industrial Processing Zone (SAPZ) sectors. EKZ recently secured an $80 million investment from the AfDB, while SAPZ is dedicated to promoting sustainable agriculture, effective value chains, maritime products, the blue economy, and climate change adaptation.
I sincerely thank the Cavista team, led by its Chairman, Mr John Olajide, for its commitment to Ekiti State. This commitment has led to several success stories in the tourism and agriculture sectors, bringing job opportunities and revenue to the state. I look forward to the successful implementation of this MoU for the benefit of our people.