One of the five firms that recently signed a Memorandum of Understanding (MoU) with the Ondo State government has started operation in Okeigbo in Ile-Oluji/Okeigbo Local Government Area of the state.
The company, Bambi Farms, is a factory specialized in producing vegetable oil .
The Oil Mill Factory is the second largest in the state after the State-owned Okitipupa Oil Mill which the Akeredolu administration has resuscitated.
Bambi Farms Limited, has created job opportunities and boost the internal revenue base of the state.
Governor Oluwarotimi Akeredolu is committed to supporting any individual willing to invest in the socio-economic growth and development of the State .
At the inauguration of the farm last Friday, Governor Akeredolu said “Without any doubt, this company will generate more income to farmers who deal in palm kernel and would equally end the stressful old method of producing oil and therefore, needs our supports to grow.
“From record available to me, it can produce 120 tons of soya beans and palm kernel oil per day,” he said.
Chairman of the Company, Mr Ade Ayoola thanked the Akeredolu administration for availing the Company with 1,000 hectares to invest on.
According to Mr. Ayoola “The factory has the capacity to process 120 tonnes of Palm Kernel and Soya beans per day. It also produces Crude palm kernel oil, Palm kernel cake, Soya beans oil and Soya mill.
Ooni of Ife, Oba Enitan Ogunwusi, who was at the inauguration of the farm commended the Akeredolu administration for its investment drive.
The Osemawe of Ondo Kingdom, Oba Victor Kiladejo and the Oluoke of Oke-Igbo, Oba Oluwole Babajide also commended Governor Akeredolu for creating business-friendly environment for investors.
The Monarchs expressed optimism that the Oil Mill will grow beyond prominent ones in the country and called on well to do individuals to follow suit in developing their communities.