Vicampro Potato Farmers
Two years after it ventured into the Nigerian space with the largest potato farm for both farming and processing plant, Vicampro Farm Ltd has signed an MoU with BlackPace B.V and Kiremko B.V, a Netherland-based processing plant manufacturer.
The agreement is to facilitate the setting up of the largest potato processing plants for French fries and potato flakes in Nigeria. Located in Plateau and Kaduna States, Vicampro Farm Potato project aims at producing between 30,000 to 40,000 tons annually, with a capacity of 5,000kg per day, for local consumption and regional export.
Speaking on the project, a financial expert and investor, Mr. O’segun Paul Andrew of the Paul Andrew Group, who brokered the deal, informed that Vicampro Farm ventured into the Nigerian space two years ago and today has the largest potato farm by landmass and a planned investment of more than $67m (N20billion).
“Of recent, a lot has been put into play by successive governments with various favourable policies and incentives to lend credibility and support the industry. It also has helped direct foreign investors into the enclave and one of the efforts is the Vicampro project.
“The project will add about 50,000 jobs into the economy and also increase economic activities in the retail end of the economy. It will also save foreign exchange through importation of French fries, which currently accounts for 90 per cent of Nigeria’s domestic consumption, apart from saving the nation of about $200m of foreign exchange that goes out to import French fries,” he said.