The Fayemi administration in Ekiti says its investment policy was gradually yielding positive results as a privately-owned snail project, with a capacity to produce 2.6 million kg of snail meat per annum, is set to be commissioned later this month.

Commissioner for Trade, Investment and Industry, Muyiwa Olumilua said the snail farm, Egbeja Snail Village, was a product of the Ease of Doing Business (EoDB) policy of the government.

Mr. Olumilua said the state administration has scaled-up its  investor-friendly policies, which had accounted for the large number of investors who had already made Ekiti their choice destination for business.

He reiterated its readiness to partner with any organization, with genuine business plans, that aimed to reduce poverty and unemployment in the state.

Earlier, a representative of the farm, Oloruntobi Olusegun, disclosed that the 7000-sq-metre modern Snail Breeding Facility (Egbeja Snail Village), the largest of its kind in the country, had been completed on a capital outlay of  N220m.

He hinted that the project would not only focus on production of snail meat, but would also explore slime extraction for commercial sales.

” Snail slime is a much sought after item in the production of cosmetics, and has the capacity to yield a higher return on investment (ROI) than even snail meat”, he said.