The Kogi state commissioner for information and communication, Mr Kingsley Fanwo, has stated that the Alape Staple Food Processing Zone Project will inject billions of dollar into the economy of Kogi state just as he said over one million people will be gainfully employed.
This was contained in statement signed and issued in Lokoja Monday by the commissioner.
Speaking on the rationale behind the 100 million dollar loan for the project, Kingsley said “the world economy revolves around borrowing and the borrowing in this case is for productive purpose.”
The statement noted that “our focus shouldn’t be about what is being borrowed alone, but most importantly on the intent and the terms involved.
“The Alape SCPZ project is an initiative that will liberate the North central and some parts of South west from economic backwardness.
“It is our responsibility to educate the people on the purpose of the loan. Our people are right to ask questions because government is only a representative of the larger interest of the people.
“The 100 million dollar loan is to be channeled into the massive SCPZ project in Alape. Kogi state is grateful to be considered for such massive investment in agriculture.”
The Information Commissioner stated further that the project would not only improve infrastructure such as power, roads and water in the area; but also create off taker chains for cassava farmers across the entire North central zone.