By Emmanuel Afonne
TAK Agro Plc, a major player in Nigeria’s agricultural value chain says it has concluded arrangement to purchase 250 MAN trailer-trucks for its fertiliser production and distribution, as well as grain processing and storage operations in readiness for dry season farming.
The Chairman of Tak Agro Plc., Thomas Etuh, said on Wednesday in Abuja that the decision was taken in Lagos, at the signing of N15 billion bonds facilitated for the company by Planet Capital as part of plans to acquire 1,000 trucks.
Etuh said that N15 billion was the first tranche of a N50 billion bond approved by Security and Exchange Commission (SEC) to finance the acquisition of key infrastructure to facilitate the movement of raw materials and evacuation of agricultural produce.
He also said it would help the company to meet the demands of boosting its production of…
Source: News Agency of Nigeria
