The first phase of the Integrated Produce City (IPC) would soon be unveiled in Ondo and Edo states.
The unveiling will include the opening for trading of the facility, unveiling of the temperature-controlled plantain warehouse, turning the sod of the plantain and cassava processing factories and the unveiling of the residential estates.
The activities will mark the commencement of business in Africa’s first wholesale produce market, aggregation and industrial centre.
Chairman IPC, Professor Pat Utomi, explained that four years of IPC demonstrated how challenging entrepreneurship is in the country can be but insisted that it also showed that those who persevere could be worthy examples.
He called on banks to support production rather than trading alone, adding that about N1b was invested in the proof of concept of the project.
Executive Director, Vitus Akudinobi, shed further light that the facilities, which will include an export processing centre, have several partners, including Edo and Ondo State Governments, the Nigeria Shippers Council (NSC), Federal Ministries of Transportation and Agriculture, Infrastructure Regulatory Commission and the Nigerian Export Promotion Council.
According to him, the project, which also has technical partners from South Africa and Turkey, would significantly boost the economies of numerous countries.