The Bayelsa State Government has signed another MoU with GEAP INTERNATIONAL to establish commercial Rice Farms and revive Palm Plantations in Bayelsa State.
The parties also agreed to establish a strong and viable production, processing and distribution network.
Aside being a joint venture partner of GEAP INTERNATIONAL Group, the Bayelsa State Government will facilitate scientific and commercial study of rice and palm plantation cultivation, growth and distribution.
In addition, Bayelsa State will actively assist in the establishment of relationship between all relevant government agencies with GEAP and provide all legal and regulatory assistance.
And, subject to receipt of preliminary positive technical reports on water and soil analysis, GEAP to be hosted by the Bayelsa State government, has agreed in principle to bring the required technological and human expertise to State.
The MoU was sequel to the inspection of a Steel Plant, Cold Storage Facility by Governor Seriake Dickson and a meeting with one of the biggest international investors in Asia and the Middle East, Mr. Mahendra Patel in his office in Dubai, the United Arab Emirates.
Mr. Imad Saba, a core investor and CEO of Capital Asset Management who was on the team of Patel signed on behalf of his firm.
On the Bayelsa State Governor”s entourage were first Executive Governor of the State, Chief DSP Alamieyeseigha, former Managing Director of NDDC, Chief Timi Alaibe, PDP vice chairman, North East, Alhaji Mohammed Wakil, Development Expert, Mr. Joseph Ambakederemo and a Security Consultant, Major Lancelot Anyanya (rtd) among others