Teragro , an agribusiness subsidiary of Transnational Corporation of Nigeria Plc TRANSCORP is to establish citrus farms in Benue State. The subsidiary has signed a Memorandum of Understanding with the Benue State Government to lease land to establish citrus farms in Ushongo area of the state.
Teragro operates from Benue State but only in Makurdi, this MoU represents an expansion of Teragro’s current operations to exceed the state capital. Teragro has been functioning as an industrial operation processing oranges and mangoes into concentrates for local consumption. Over time, Teragro has grown and stretched out its footprint and now produces concentrate that meets global standards for purchase by multinational corporations. manufacturer.
The Commissioner for Agriculture and Natural Resources, Donald Gbugho who signed the MoU on behalf of the state government said “Teragro has contributed immensely to growth in Benue State.They first addressed community and youth unemployment by creating jobs and now, the company is taking a step forward by beginning proper farming, through expert agricultural investors who are standing by with improved varieties of oranges, which the Ushongo people and Benue State at-large can benefit from. This is truly a significant step in the development of agriculture in Benue and in Nigeria,”
The Managing Director, Teragro , Dupe Olusola, thanked the State for their support in enabling the company to contribute to the growth of a diversified economy, saying, “The untapped opportunities in agriculture are huge and we are committed to ensuring that Nigeria can once again generate high revenues from agriculture as it did before the discovery of oil. The new farming land will ensure we can do our part to bring those untapped opportunities to fruition.”
Benue state proudly tags itself as the food basket of Nigeria.