Home Business Agriculture Emefiele Inaugurates N15bn Rice Processing Factory In Kano
Agriculture

Emefiele Inaugurates N15bn Rice Processing Factory In Kano

Share
Mr. Godwin Emefiele CBN Governor
Share

Godwin Emefiele, CBN Gov.

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on Tuesday, inaugurated a rice milling factory in Kano State, with a capacity of 420 metric tonnes per day.

The factory was established by a Kano businessman and industrialist, Alhaji Gerawa, at a cost of N15bn.

Speaking at the event, the CBN governor said the establishment of the factory was in line with the Federal Government’s commitment towards ensuring food security in the country.

He said, “As we increase the milling capacity of rice nationwide, we are encouraging all rice mills to embrace our backward integration programme, and get involved in paddy production to guarantee sustainable supply of paddy to your mills and complement the supply from smallholder farmers through our partnership with the Rice Farmers Association of Nigeria.

“The private sector-led Accelerated Agriculture Development Scheme provides long-term financing options to millers to finance commercial farms, land development, irrigation facilities, and other agriculture infrastructure that will enhance the production plan.

“As Nigerians, we need to become more patriotic and embrace Mr President’s mantra of producing what we eat, and eat what we grow.”

Emefiele noted that prior to the launch of the Anchor Borrowers Programme in Nigeria, there were less than 10 functional rice mills with a combined capacity of 350,000 metric tonnes.

These have increased to over 60 integrated mills with combined capacity of over three million metric tonnes as at today, with about 10 more mills scheduled to be commissioned this year,” he added.

In his remarks, the Kano State Governor, Abdullahi Ganduje, said that the state is surrounded by dams and rivers, which give farmers the opportunity for growing rice, tomato and other crops.

Source Punch

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

USAID, Nigeria Empower 311 Agric MSMEs

The Federal Government of Nigeria has empowered 311 Micro, Small, and Medium...

LASG Signs MoU With Chinese Firm On Rice  Value Chain, Agriculture Productivity 

Lagos State Government has signed a Memorandum of Understanding (MoU) with a...

Agricultural Productivity: Nirsal Plc Empowers Over 2,000 Farmers In 4 States

The NIRSAL team with the Oyo State Commissioner for Agriculture NIRSAL Plc...

Gabonese President Invites Dangote To Invest In Cement, Fertiliser Production

President/CE of Dangote Industries Limited, Aliko Dangote (left) in Gabon on invitation...