The Nasarawa State Investment and Property Development Company (NIPDC) has commenced a `Poundo’ project in Nasarawa State for the benefit of the residents of North-Central zone.
The Managing Director of the company, Alhaji Ahmed Idris, made this known to newsmen in Lafia on Thursday.
Idris said that when fully functional, the Poundo project would provide economic opportunities for the residents and reduce the cost of bringing the product from Lagos to North-Central zone.
He said the company had acquired a suitable site in Lafia and feasibility conducted to examine the sustainability and viability of the project in the state and the North-Central zone.
“So, what we want to do is add value to our yam. We have done the feasibility studies already.
“All we are waiting for is our partners to make their own contribution so that we can kick-off fully.
“It is a very important project that is why we are planning to involve other investors from other states in the North-Central.
“We use to have poundo yam around here but it is produced in Lagos.
“Ironically, we produce the yam in abundance here and then transport it back to Lagos to process it into poundo yam before it is now brought back here for consumption.
“We want to start producing it here so it can be always available to our people,’’ he said.
Idris said the project would cost N200 million and would be borne by the company’s partners.
The managing director further said the project would employ a lot of people and offer more cooks in the state an alternative to the naturally pounded yam.
He also told newsmen that plots of land at the Keffi sights and services scheme on Keffi-Akwanga highway was now on sale and that about 500 plots of land were involved.
Idris also said that although NIPDC had been confronted with challenges, work was still ongoing to provide basic infrastructure and amenities at the site.
He, however, said that shares of the company would strengthen to enable the investors have more funds to execute other projects after the inauguration of the incoming administration.