Governor Biodun Abayomi Oyebanji of Ekiti State has authorized a 50 percent subsidy on oil palm, cocoa, and cashew seedlings for distribution to farmers in the state during this planting season. Mr. Ebenezer Boluwade, the State Commissioner for Agriculture and Food Security, conveyed this information in a statement released to the press in Ado-Ekiti.
He explained that this initiative is part of the strategic measures undertaken by the Oyebanji administration to generate employment, foster wealth creation, and revive Ekiti State’s agricultural sector to its former glory, particularly harking back to the prosperous era of the 1970s when it was renowned globally as a leading cocoa production hub in Nigeria.
Boluwade emphasized that the program aims to rejuvenate the state’s agricultural prowess by replacing aging trees in existing plantations and those lost to bushfires with high-quality seedlings possessing shorter gestation periods. Furthermore, concerted efforts are underway to attract enthusiastic young farmers into cocoa plantation farming.