The federal executive council (FEC) has approved the concession of the Kashimbila Integrated Cargo and Agro-Allied Airport in Taraba under a public-private partnership (PPP) arrangement.
In a statement on Friday, Jobson Ewalefoh, director-general of the Infrastructure Concession Regulatory Commission (ICRC), said the FEC also approved the combination of over 3,000 hectares of farmland, fish farming facilities, and a ranch for livestock farming.
He said the projects would increase Nigeria’s potential to export agricultural products.
“The processes for this project were stated and completed in six months in fulfilment of the charge given to me by His Excellency President Bola Ahmed Tinubu to accelerate PPP projects’ procurement,” Ewalefoh said.
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“The Kashimbila project includes the concession of over 3,000 hectares of farmland for irrigation farming, the upgrade of the airport for agro-cargo services, and the development of an aerotropolis and Free Trade Zone with business parks, logistics hubs, and residential areas.
“It is located in Taraba State, Nigeria and aims to enhance agricultural logistics, improve market access, and stimulate economic development.”
On the benefits of the Kashimbila project, Ewalefoh said the concession would boost agricultural productivity by enabling year-round irrigation farming.
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He also said it would create employment opportunities, attract investment in agribusiness, and stimulate local and national economies through trade and exports.
“The project is expected to generate N4.1 trillion revenue from multiple sources during the concession period,” he added.
He said with the Kashimbilla project, regional integration will be enhanced as Taraba will be connected to national and international markets, facilitating trade, with thousands of direct and indirect jobs to be created.
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