Ogun State Government and the Arewa Cotton Limited have signed a memorandum of understanding for the production, processing and marketing of cotton in the state.
Secretary to the State Government, Taiwo Adeoluwa, who signed for government, said the agreement would reposition Ogun as the country’s largest producer of long cotton, revive cotton production and create new jobs in the state.
Agriculture Commissioner, Mrs Ronke Sokefun, said the state would produce about 250,000 tonnes of cotton yearly under the agreement, thereby boosting the state internally generated revenue and textile industry.
Chairman of the Arewa Cotton Limited, Professor Michael Olayiwola, said the proposed cotton production project would create 300 new jobs and between 50 and 100 entrepreneurs, as well as creating investment opportunities for cotton farmers in the state.
Commander of NDLEA in the state, Bala Fagge, urged prospective cotton farmers in the state not to plant cannabis along with cotton as it was being done in other parts of the country.