…as Commissioner for Industries hails Fayemi’s investor-friendly policies

The investment policy of the Dr. Kayode Fayemi-led administration in Ekiti State is gradually yielding positive results, as a private-owned snail project is set to be commissioned in January.

The snail farm (Egbeja Snail Village) located in Okemesi Ekiti, on completion, has the capacity to produce a minimum of 2.6 million kg of snail meat per annum.

Speaking in Ado Ekiti while receiving the management of FarmKonnect, owner of the project, the State Commissioner for Trade and Industries, Aare Muyiwa Olumilua said the administration of Dr. Fayemi was working to improve the ease of doing business (EoDB) in the State, by providing an atmosphere that can make investments thrive.

Olumilua said the administration had equally come up with policies that are investor-friendly, hence the large number of investors who have made Ekiti the choice of destination for their businesses.

The Commissioner who assured that the Fayemi-led administration would not relent in implementing programmes and policies that will attract both local and foreign investments to the State reiterated the readiness of the state government to partner with any business organization with genuine business plans that will reduce poverty and unemployment in the State.

Earlier, the Head of sales and commodity trades of FarmKonnect, Oloruntobi Olusegun, had disclosed that 7000-Square meters modern Snail Breeding Facility (Egbeja Snail Village) has been completed, placing the snail farm as the largest in Nigeria, and informed that the project had gulped about N220 Million till date.

Oloruntobi who thanked the State Government for the support which the project enjoyed, said Governor Fayemi had demonstrated that the administration was ready to welcome investors with open arms.

He hinted that the project would not only focus on production of snail meat, but would also explore slime extraction for commercial sales. Snail slime is a much sought after item in the production of cosmetics, and has the capacity to yield a higher return on investment (ROI) than even snail meat.

The project is set to be commissioned in January, this year.

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