Rubber association to rake in N40Bn from 15 hectares plantation in Cross River

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The National Rubber of Producers, Processors and Marketers Association of Nigeria (NARPPMAN), says the Association is capable of earning over N140b from 15 hecters of rubber plantation in Cross River State in the next 10 years.

The Association said the natural rubber sub-sector of the Nigerian economy will soon be revitalised following the readiness of critical stakeholders to plant 15,000 hectares of rubber in Cross River State.

According to (NARPPMAN), the project will last ten years and will include planting new nurseries and rejuvenating older ones.

State chairman of NARPPMAN,  Umo . Inameti disclosed this when he inaugurated local government area chapters of the association in Calabar few days ago.

He said creation of the association became necessary due to the inactivity of the old National Rubber Association of Nigeria (NRAN) that had paralysed the development and growth of the rubber subsector.

He said from the envisaged revitalization project embarked upon by key rubber players in the state such as Royal International Farms and Estate Ltd, the association will create 90,000 jobs and will directly engage 45,000 persons as well as additional 50,000 through indirect employment.

Inameti said, “The revitalisation of rubber farming will enable Cross River State to restore its lost financial glory. We are about to plant 15,000 hectares of rubber in the next ten years. This will bring income of about N40 Billion or more per annum to the state government.

“We have to help communities and the state by engaging in massive planting of rubber trees and their development. There I’d also the possibility of employing over 90,000 persons which will alleviate poverty.

“This subsector was neglected for too long resulting in the state and individuals losing staggering sums of money.

“Our main objective in the state is  to vigorously revitalise rubber farming using the rubber value chain and rearing new nurseries.”, he said.

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