Business Reports & Operational Update
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Deputy Gov visits EFB
DEPUTY GOVERNOR OF ABIA STATE GOVERNMENT VISITS EFB INDUSTRIES LIMITED
The Deputy Governor of Abia State, Rt. Hon. Ude Oko Chukwu paid a visit to EFB Industries Limited on the 15th of September 2019.
The Chairman of EFB Industries Limited, HRH Eze Igwe Ojike (MON) Ucheoma of Nkwebi Autonomous Community welcomed the Deputy Governor and his entourage.
During his speech, he talked about the Loan Interest Rate Structure of 9% across board. He reminded the Deputy Governor that in agriculture, each product has different gestation periods. He implored there should be a root and branch review of interest rates to agricultural business. Giving 9% across the board is inimical to those products with more than five years gestation period. They should be given a rate of less than 2%. The Chairman also called on the Deputy Governor to ensure that the road between Okagwe and Ozu Abam is maintained to facilitate the evacuation of agricultural produce.
Responding, the Deputy Governor of Abia State thanked HRH Eze Igwe Ojike (MON) for obeying Dr. Okezie Ikpeazu’s calls to Abians to invest at home. He assured him that the issues would be looked into. Sir Ude Oko also reiterated the government’s resolve and readiness in partnering with indigenous company companies in the state to help boost job opportunities for the youths which according to him would help the government in fighting Youths restiveness and also reduce crime in the state.
While conducting the state’s number two citizen and his entourage around the factory, the MD/CEO of EFB Industries Limited, Enyidiya Uwa Ojike explained the functions of each machine at the factory. She also spoke about the strategy of the company of harnessing the natural resources of the area by manufacturing and processing all aspects of all the food and non-food products of palm oil industry while promoting indigenous goods and creating job opportunities for Abians and Nigerians.
The Transition Committee Chairman of Ohafia LGA, Hon Chief Mba Ukaha, former Special Adviser to the Governor, Hon Chief Fred Idika, the Traditional Ruler of Ebem Oha, HRH Eze S. A. Okorie (Ujurueze) and many other top government officials were present during the visit.