Photos from NAMEL – MANTRAC MOU Signing Ceremony
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The Nigerian Agricultural Mechanization & Equipment Leasing Company (NAMEL) is has partnered with Mantrac Nigeria Limited (MNL), the sole authorized dealer of Caterpillar Products in Nigeria to launch an Integrated Nationwide Agricultural Land Development Scheme (INALDS), a private sector initiative of NAMEL.
The program designed to open 500,000 hectares of unused arable land using the appropriate agricultural land development technology while the payment is structured on a flexible deferred system over a period of 1-3 years. The INALD specific target is to open at least 13,000 hectares of land in each state in collaboration with Federal, State, Local Government and Private Sector investors.