Why are we letting our Agro investments die? The Adapalm story



This is one of the areas I have been planning to start work on. So many  ventures in Imo State that have the potential to transform the lives of the people. All let to wallow in gross mismanagement and ruins.

There is a saying people use often that what you were looking in sokoto is in your shokoto. This simply means what most people take a lot of time and energy to look for in distant places can be found easily around their local environments.

There are so many industries and investments in Imo state that have been left without proper care and management. These places can really make a lot of difference in the lives of the citizens if given proper attention. One of such the Ada Palm. I was really excited when I came across this report from the Leader Assumpta website on the state of affairs at the establishment. Below is an excerpt from the report:

Adapalm which was established in the year 1974 by late Dr. M.I Okpara with 4,310 hectares of fully matured palm trees and was managed by Belgians (whites) followed immediately the blacks until Nov. 1st 2011 when the present government leased out Adapalm to Roche group probably for efficiency for 15years. It will surprise you to know that up till date Roche has not invested one naira on this company Adapalm rather; they are busy harvesting already planted palms with no attention given to the whole investment for sustenance.

Read the full post here.

There are many others in the present state begging for urgent attention from the government and concerned and genuine investors. We hope to be bringing some of them in the future.

Have something about this or some of these other abandoned and unproductive ventures? Drop your comment below.


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