Monday, 18 July 2016

Thailand Company to Invest 400 Million USD Agricultural Projects in Anambra State

By Okechukwu Onuegbu
Thailand based company, Borneo Energy LTD has planned to invest Agricultural project worth 400 Million USD in Anambra state through Bukham Group as main Partner in Nigeria, and Micpan Integrated Services Nigeria Ltd as Local Contractor to handle the construction in the proposed projects.

The company, who requested for 10 hectares of land at the Anambra International Market Oba to build a Thailand town in the market, added that it will invest about four hundred million Dollars in various Agricultural products although it will first concentrate on massive farming and production of Rice, Palm Kernel and oil for local consumption and Export at cost of almost four hundred million US Dollars.

This came to the fore yesterday after a meeting held with Anambra State Investment Promotion and Protection Agency (ANSIPPA) and KC Apex International Ltd, Micpan Integrated Services Nigeria Ltd, and Bukham Groups of Nigeria in Awka Anambra State.

The meeting had in attendance the Managing Director, Chief Executive Officer of ANSIPPA, Hon Joe Billy Ekwunife; the President of Thai Borneo Energy company, Mr Kanakom Somwong; Managing Director KC Apex International Ltd , Mr. Kelechi O; Managing Director Of Micpan Integrated Services Nigeria Ltd, Engr. Micheal Egbule; and Group Executive Chairman of Bukham Group of  Companies Limited, Bukar Hassan.

According to the MD/CEO of ANSIPPA, Hon. Billy Ekwunife, the state is ready to provide the land for Agricultural Investments, even as he urged the investors to fix a new date for final presentation of their proposal so as to issue them with final approval documents and signing of contract agreement. reports that the Investors from the Thailand are to produce Rice, Palm Kernel, and Oil at Commercial and Export Quantity which shall be available throughout all season unlike Nigeria’s species.



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