Malaysia Backs Gov. Otu’s Push For Agricultural Growth  With ₦200 Million Annually In Taxes

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CALABAR, MALAYSIA – Cross River State is partnering with Malaysia to strengthen agricultural development, especially in the palm oil sector, Governor Bassey Edet Otu, announced Wednesday in Calabar.

Governor Otu emphasized shared agricultural history, saying Malaysia’s global palm oil success began with seeds from Nigeria. “You’ve done very well,” he told the Malaysian delegation.

He revealed the state added 8,000 hectares for Wilmar’s oil palm expansion and encouraged local processing. “We want them to build a plant here,” he said.

According to Otu, improved port infrastructure will support palm oil exports. He pledged government support for investors and called for joint agricultural research centers.

Malaysian High Commissioner Aiyub Bin Omar praised Cross River’s natural assets. “The green landscape and national park are impressive,” he told state officials during the visit.

Omar said Malaysia, the world’s second-largest palm oil producer, aims to support Nigeria’s agricultural growth through training, scholarships, and technical partnerships.

He cited AgriNexus’ impact since 2017, noting its operation of JB Farms, which employs over 1,000 Cross River residents.

Dr. Shermal Perera, CEO of JB Farms, said they revived a neglected plantation into Nigeria’s fourth-largest oil palm farm, paying ₦200 million annually in taxes.

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Perera also announced the launch of the Incorporated Society of Planters Africa to train African agriculturists and foster regional agricultural unity.

Otu called the collaboration “transformative,” urging both countries to share knowledge and resources for sustainable growth that benefits future generations.

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