Productivity and employment are issues that are central to the social and economic life of every country. While it is a fact that a country with high productivity is often characterised by a high capacity utilisation (optimal use of resources), high standard of living, low rate of unemployment and great social progress, unemployment, on the other hand, has been categorised as one of the serious impediments to social progress. It generates welfare loss in terms of lower output, thereby leading to lower income and well-being.

The Edo state Government and a Vietnamese company, Transformation Limited, recently entered into an agreement by signing a Memorandum of Understanding (MoU) on rice production in the state.