The privatization of Abia Rubber estate to yield socio economic gains

The Abia rubber estate at Ameke Abam has been officially handed over to a private firm Imoniyame holdings limited with† a charge to the land donors to work harmoniously with the company to enable it achieve higher result in rubber production.

While handing over the Abia rubber estate to the investor at the central school, Amaeke Abam, Governor TA Orji said the event will further bring greater efficiency in the management and utilization of the abundant rubber resources for the benefit of the indigenes of the area and the entire state.

The governor explained that government alone cannot solve all the socio- economic and unemployment problems facing the people but through the public private partnership, pointing out that Imoniyame holdings LTD has done well in rubber production, processing as well as remained one of the known indigenous companies in Nigeria which he said has attained a greater height through discipline

, strategic planning and hard work.

Chief TA Orji said the ceremony was another milestone in his administrationís quest to transform the Abia economy the governmentís agricultural transformation policy having secured one billion naira commercial agriculture loan for Abia farmers and expressed the hope that the Imoniyame company will live up to expectation.

He promised that his government will continue to create the enabling environ

ment for private sector investment in the state, urging the company to stick to the terms of the agreement reached with the government or have the contract revoked.
Speaking earlier, the commissioner for Agriculture, Chief Ike Onyenweaku thanked the governor for supporting the programmers and projects of the ministry as well approving the leasing of the rubber estate, adding that the ministry has several other agricultural projects where genuine investors can partner with the government.

Chief Onyenweaku said apart from the provision of basic social amenities to A

bians , his administration has made the agric sector a prime beneficiary of his economic transformation agenda and paid counterpart funds† for Fadama III IFAD-FGN-NDDC community based natural resource management project and ADP projects.

Also, the chief executive officer of Imoniyame holdings LTD Mr. Jenkins Giane said the company is involved in rubber production, processing and export noting that they are proud to be part of the transformation agenda of governor TA Orji and promised to contribute to that transformation through rubber production and exportation .
The governor later signed a memorandum of understanding with the Imoniyame Holdings .