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From Scholastica Hir, Makurdi
The management of Benue Investment and Property Company, (BIPC), Limited, has disclosed that the state Governor, Rev Fr Hyacinth Alia, has formulated projects that will stimulate the state economy and improve the GDP from 5.4 to 8 million dollars.
The Managing Director, Dr. Raymond Asemakaha, stated this on Tuesday in Makurdi while briefing newsmen on activities of the company since he assumed office.
He said to achieve that, state government, through the company, has concluded plans to set up a palm plantation in each of the three zones of the state.
Asemakaha who noted that palm oil is being imported into the country said because of the global economic crisis and the blocking of the Red Sea, it’s becoming increasingly difficult to get the product.
He assured that the state will soon launch Benue Palm Oil.
He said, “As a matter of urgency, we plan to set up a palm plantation in each zone of the state to start a palm plantation. In a few years to come, we will provide raw materials for the plant with surpluses exported.
“As such, I’ve therefore directed our real estate and investment department to commence work on 10 out of the 23 hectares of land the company has in Abinsi, Guma LGA area of the state, for the palm plantation project.”
The MD said the remaining 13 hectares of land at Abinsi would be used for a low-income earners’ Estate in the state.
“This too, I have directed the real estate department to work so we could have something for our people, even for those who earn as little as N500,000, our amortisation policy will permit such low-income earners’ to also have homes.”
He further disclosed that his management has enforced a recovery order for a property that was recovered back in 2019 but was not enforced, saying “we have commenced the process of turning the space of the 33-room property into a “Benue Water Factory” to become a player in the water industry.
He said as part of a short-term approach to expanding the businesses of the Company, management has also reintroduced the BIPC pastries.
“We’re optimistic that when we have this on board, we will expand the economy of the state and get more employment for the teeming youth of the state.”
The MD said that the BIPC under his watch will be service-driven as such we are creating a One-stop-shop where investors can get all the information, process, and amount needed to do business in the state.
He noted that a website, www.bipc.be.gov.ng, have been launched to offer diverse information on how business can be done. adding that “going forward BIPC will from 1st March 2024 go digital in all its operations. We have set up the structure for that transition and on that day all manual processes will be suspended for automated one.”
He appreciated the Governor for finding him worthy to serve as the MD of the company, pledging to bring his wealth of experience, expertise, and knowledge to uplift the company to enviable heights.
