Cross River Government Partners with ValueFronteira for $20M Palm Project

The Cross River State Government has entered into a concession agreement with ValueFronteira Limited for the establishment of a 4,000-hectare oil palm plantation in Ijiegu Yache and surrounding clans in Yala Local Government Area. The investor is set to commit over $20 million to the project over five years.

This initiative is part of the state government's agricultural transformation agenda, which aims to enhance food security, promote rural development, and improve livelihoods across six clans, including Ijiegu, Wonye, Uchu, Ichui, Ukani, and Ewor. Maurice Ekpong, Managing Director of ValueFronteira Limited, stated that the project would generate thousands of jobs and significantly transform local economies.

Traditional rulers and community leaders expressed their support, with HRH Mohie Damian Ododo, Clan Head of Wonye, calling it a dream come true. Dr. Francis Ntamu, Senior Special Assistant to the Governor, confirmed the transparency of the concession process and the approval from the State Executive Council, emphasizing the project's alignment with the government's investment attraction goals.