Emosyn Partners with South African Firm for Modernization of Okigwe Modern Cattle market.
In line with the concession policy of Imo state government, Emosyn in 2012 approached Imo State for a concession to manage the Okigwe International Cattle Market and Meat processing plant. On May 2012, a letter of Award was issued to the company, granting it a 20-year concession to manager the International Market under the public-private partnership arrangement of finance, design, build, operate and transfer. On November 19, 2012, a formal Concession Agreement was signed between Emosyn G. Resources Limited and Imo State Government.
The Managing Director of Emosyn G Resources Limited Dr George E.Azubuike, said in Owerri that the Memorandum of understanding signed between Emosyn and Imo state government requests the concessionaire to undertake a number of activities at the site in Okigwe, including but not limited to: Cattle Breeding and rearing, meat processing and canning, modern Abattoir Services, Cattle Ranch and Ranger as well Levies and Rates.
Thus, Emosyn has made a strategic decision to start operation by combining meat processing and canning with operation of modern Abattoir.
He said other activities will be phased in the years ahead as resources is made available.
Dr George E Azubuike stressed that the South African team of investors have visited the site and that they are waiting to hear the presentation of the team on their preliminary observations on the design of the site.
“I am very pleased to state that they share the same commitment with us in the importance of the project as the rest of us. The team believes as we at Emosyn and our stakeholders do, that the Okigwe International Cattle Market and Meat Processing Plant has limitless potential for scale-up business, and could become the industry standard in the much needed reform in Nigeria’s meat industry sector”, Dr George emphasized.
He said he was happy to welcome every body who was present at the presentation of the preliminary design of the Okigwe International Market and meat processing plant on May14, 2013.
Other stakeholders who were at the occasion are: Rev Bumi Babs, SSA to governor Okorocha, who represented the governor, Union Bank, Eco Bank, and, First Bank Staffers, Crux Aerospace, VUCOCA-South African investors, Mr. Greg Williams, Mr., Stanley Winterbach, Dr Uche Best Mbanaso who came by prosy, plus other personalities.
