Alia Signs $530m MoU On Integrated Agro-Industrial Estate Investment

Governor of Benue State, Hyacinth Alia, has signed a Memorandum of Understanding (MoU) with AGROBENUE for the proposed investment of $530 million in an integrated agro-industrial estate.

The governor said the MoU was a significant milestone in the journey of Benue State toward sustainable agricultural transformation and economic prosperity.

Alia stated this in Makurdi in his address before the signing of the MoU with the AGROBENUE team led by Prince Henry Erimodafe and the Isu Remote Sensing and Algorithm Team led by Prof. Badaru Usman, yesterday.

In a statement issued by the chief press secretary to the Governor, Sir Tersoo Kula, Governor Alia said the MoU signing was not merely a ceremonial exercise, but rather, a strategic step in implementing his administration’s agricultural development agenda.

The governor explained that agriculture remains the backbone of the Benue economy, and the prosperity of the rural communities depends largely on the productivity and value of what the farmers produce.

He said “Benue State has long been known as the Food Basket of the Nation. However, our administration recognizes that the future of agriculture lies not only in production but in value addition, processing, industrialization and market expansion.

” It is therefore the policy direction of this administration to transform agriculture from subsistence farming into a modern, commercial, and industrial sector that will drive economic growth, create employment, and enhance food security.”

According to Alia, “Our vision is to position Benue State as a leading agro-industrial hub in Nigeria and West Africa, where agricultural products are processed, packaged, and exported with global standards”.

He said, “This project aligns directly with the key pillars of our administration, particularly in economic revitalization, agricultural transformation, youth empowerment, and sustainable development.

“One of the major challenges facing agricultural systems in Nigeria is the high level of post-harvest losses due to inadequate storage and processing infrastructure. By investing in modern storage facilities, cold chains, and logistics systems, we will reduce wastage, stabilize food supply, and improve affordability for our people.

“With improved quality assurance, certification, and efficient logistics systems, Benue will be better positioned to compete in regional and international markets. This will attract further investment and reinforce our reputation as a leader in agro-industrial development.”

Governor Alia assured that with the increase in industrial activities, the formal economy will grow through new businesses, employment opportunities, and expanded commercial activities.

He pointed out that the development will strengthen government revenue and enable further investments in critical sectors such as education, healthcare, infrastructure, and security.

Alia said, “I am particularly pleased to note that the land survey for the project has already been completed, and the necessary documentation is available. This represents an important technical milestone and demonstrates our commitment to ensuring that this project moves forward on a solid foundation.

“The MoU establishes a Steering and Technical Committee involving key stakeholders and agencies, including Lands, Justice, Agriculture, and other relevant institutions. This committee will work closely with our partners to ensure smooth implementation, timely approvals and transparent reporting as the project progresses.

“In the coming weeks and months, the focus will be on completing the necessary technical and legal processes that will enable the project to move rapidly into its implementation of phase 1. Our administration remains fully committed to providing the enabling environment required for this investment to succeed,” he assured.