ENUGU STATE GOVT, PRAGMATIC PALMS LTD, SEAL N100BN DEAL TO REVIVE UNITED PALM PRODUCTS LTD.
ENUGU STATE GOVT, PRAGMATIC PALMS LTD, SEAL N100BN DEAL TO REVIVE UNITED PALM PRODUCTS LTD In continuation of the bid by Governor Peter Mbah Administration to revive and convert Enugu State’s dormant assets to productive assets, the government has signed a N100bn deal with Pragmatic Palms Limited, a subsidiary of Diamond Stripes Limited, to resuscitate the moribund Enugu State United Palm Products Limited, UPPL. The partnership will see Pragmatic Palms transform UPPL, one of the agricultural and agro-industrialisation initiatives of the late premier of the defunct Eastern Region, Dr. M. I. Okpara, which had lain fallow for many years. Speaking during the signing of agreement at Government House Enugu, Governor Peter Mbah said the move was in line with his administration’s determination to grow the state’s economy exponentially from $4.4 billion to $30 billion, assuring the investors that his government would play its own part. “This is a moment we must all be very proud of because...