US firm to establish cashew, cocoa processing industry in Ekiti community

A leading United States agricultural investor, Assess farms international, has concluded plans to establish a cashew and cocoa processing industry in Ilawe-Ekiti, Ekiti South-West local government area of Ekiti state.

The foreign investors who disclosed this during a visit to the Alawe of Ilawe-Ekiti, Oba Ajibade Alabi, in his palace revealed that the company would establish a processing industry that could process Cocoa, Cashew, Kolanut among other agricultural products in the community.

The media adviser to the traditional ruler, Chief Ajibade Olubunmi, in a statement, on Tuesday, added that the firm would also establish large cocoa and cashew plantations in the town to feed their processing plant.

“Meanwhile the result of a laboratory soil test of a large area that would host the industry and the plantations has come out positive,” the statement added.

Oba Alabi commended the investors for picking his domain as the site of the company, which he said would help in creating employment opportunities for the teeming youths and boost the social-economic development of the community and the state in general.

The immediate past chairman of the state council of traditional rulers assured the foreign firm that they would enjoy the cooperation and hospitality of his people.


He lauded the present administration in the state under the leadership of Dr Kayode Fayemi for providing the enabling environment for investors, saying the over $300 million worth of investment attracted to the state in the last three years confirmed the deliberate efforts of the government.

The statement added that “the Alawe further thanked the Ekiti State Commissioner for Agriculture and food security Dr Olabode Adetoyi for facilitating the investment. The investors later visited Ilawe main market (Oja Oba) where they saw a lot of farm products including plantain and yams.”

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