Thor Explorations Limited, through its Nigerian subsidiary, Segilola Resources Operating Limited, has provided 10 mini cassava and oil palm processing plants to three host communities in Osun State to boost agricultural enterprise and improve local livelihoods.
The initiative, known as the Cassava and Oil Palm Processing Equipment Project, covers Imogbara, Odo-Ijesha and Iperindo, with six oil palm processing plants and four cassava processing plants allocated to selected beneficiaries.
The company said the project was designed to address challenges faced by local processors who rely on labour-intensive methods, which often limit production capacity, increase processing time and reduce potential earnings.
In a statement on Wednesday, the firm said, “The initiative combines a 50 per cent equipment subsidy with a hire purchase agreement to improve access to productive assets and strengthen local livelihoods.”
“The company thoroughly believes that agriculture is an important source of livelihood in its host communities.
“By helping local
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