Nextgreen, in its official statement, has made the announcement that the company had on 9 June 2022 entered into a Memorandum of Understanding (MOU) with National Farmers Organization (NAFAS) to establish a strategic cooperation for the production of organic fertilizers, animal feed and investment (Project).
NAFAS is the National Farmers Organization comprising 14 State Farmers’ Organisations and 279 Area Farmers Organisations. NAFAS is an organization that carries out various business and investment activities especially in agriculture.
MOU shall be effective for one year from the date of the execution of the MOU. However, each Party may extend based on the discussion and written consent of both Parties.
The rationale behind the MoU is to establish a strategic cooperation for the production of organic fertilizers, animal feed and
investment for the purpose of bringing the country’s agricultural industry to life, in line with the national green technology agenda based on Sustainable Development Goals (SDGs) and thus contributing towards assisting the government to ensure the quality of the country’s food supply at affordable prices.
