BORBDA considers strategies to reduce food prices.

The newly appointed leadership of the Benin-Owena River Basin Development Authority (BORBDA) is exploring strategies to reduce food prices.

During a visit to the agency's facilities in Edo State, Managing Director Dr. Femi Adekanbi expressed this commitment. He emphasized the importance of collaboration with local communities and urged employees to demonstrate diligence and dedication.

“We are optimistic that this new phase will infuse the river basin with renewed energy, innovative concepts, and a revitalized sense of purpose, aligning with President Bola Tinubu’s pledge to achieve food self-sufficiency,” Adekanbi stated.

Additionally, Executive Director of Finance, Adegboyega Bamisile, reassured investors regarding the security of their investments. He highlighted the necessity for collective efforts to ensure food security.

“The new management team at BORBDA is committed to safeguarding any investor or partner's funds and ensuring they receive a dynamic return on their investment,” Bamisile remarked. He also announced plans for an asset valuation of BORBDA to assess their assets and liabilities for better planning.

Executive Director of Agricultural Services, Johnson Oghuma, called for increased efforts from stakeholders to enhance security around the Authority's facilities to support food security initiatives.

Recently, President Tinubu appointed Mr. Mike Ezomo (Edo) as Chairman of the Benin-Owena Development Authority, with Femi Adekanbi (Ondo) serving as Managing Director. Other directors include Dr. Austin Izagbo (Delta) as Executive Director for Planning and Design, Mr. Johnson Oghuma (Edo) for Agricultural Services, Adegboyega Bamisile (Ekiti) for Finance, and Bayode Akinduro (Ondo) for Engineering.