Agriculture

Nigeria: Union Dicon Salt takes over $100M project in Kogi State

Monday, 27 June 2016 18:31

(Ecofin Agency) - In Nigeria, Union Dicon Salt Plc (UDS) replaced American giant Cargill as core investor in the $100 Alape Staple Crop Processing Zone in Kogi State.

Under the project, UDS will cultivate cassava on 30,000 ha. “It is a remarkable opportunity for a local company to develop the agribusiness space in Nigeria,” said Chuka Mordi, one of UDS’ executives indicating that the firm is listed on the Nigerian Stock Exchange (NSE). Meeting with Nigeria’s minister of agriculture, Audu Ogbeh, welcomed this ministry’s support to the project.

UDS, which is present in the agro-industry and mass consumer goods segments, is presently building Nigeria’s largest starch processing factory.

Aaron Akinocho

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