N16 billion Tomato and Cassava Project in Anambra State

Gov. Willie Obiano of Anambra State launches the take off of a N16 billion Cassava and Tomato project, in partnership with Coscharis Group, a private investor. The project will entail Cassava production and processing into Starch as well as Tomato production. 

While launching the project called ‘Coched Farms’ in Anaku, Ayamelumi Local Government, the Governor said that annually, 90,000 and 150 Metric Tonnes of Tomatoes will be produced, respectively; while 13, 500 direct and 100,000 indirect jobs will be created. The governor also announced that the community and the State Government would receive 5% and 10% of the annual profits, respectively; another 5% will be earmarked for the development of community amenities. The project is expected to be completed within the next 8 to 12 months.