• Tuesday, May 28, 2024
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BusinessDay

Alluvial Trade & Development company signs MoU with Buhler Group

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Alluvial Trade and Development Company Limited (Alluvial), a Nigerian integrated agriculture company, signed a memorandum of understanding with the Buhler Group, the world’s leader in grain processing.

The agreement is for the design, manufacture and installation of a five tone per hour rice mill at Ibil – Ogoja, Cross River State, which will be commissioned in 2015.
Present at the signing which held at Tinapa Lakeside Hotel, in Calabar were representatives of the Cross Rivers State government, Federal Government and Keystone Bank Limited.

Akinwunmi Adesina, the honourable minister of agriculture and rural development, was represented by O.C. Jatto. He revealed the Federal Government’s delight over the partnership between the two while at the same time praising Alluvial’s foresight for quality in partnering with Buhler even as he assured Alluvial of the Federal Government’s support.

Dimieari Von Kemedi, the managing director of Alluvial, explained the choice of Cross Rivers State for the project, saying, “The state is a national leader in rice paddy production and portrays investment friendliness with a visionary government led by Senator Liyel Imoke.”

According to him, Alluvial was encouraged to go into agricultural investment because of President Goodluck Jonathan’s vision of creating wealth and employment for Nigerians, and the energy and innovation Akin Adesina has brought into the realisation of the President’s vision.

Phillip Ikeazor, managing director and chief executive officer of Keystone Bank, assured Nigerians of the bank’s determination to correct Nigeria’s balance of trade situation by supporting companies like Alluvial who are investing in production.