Trading

Government approves establishment of 10 large-capacity rice mills

The Nigerian government has approved the establishment of 10 large rice mills across the country, to boost rice production and export.

Minister of State for Agriculture, Heineken Lokpobiri revealed this to journalists while briefing them on decisions reached at the weekly cabinet meeting presided over by President Muhammadu Buhari.

Lokpobiri said each of the mills will have a capacity of milling 100 tons of rice per day.

Today, the Federal Executive Council approved the establishment of 10 very large rice mills to enhance the milling capacity of the rice value chain in the country. Three years ago, it was reported that Nigeria needs a minimum of 100 large rice mills and as at today, we have 21 but the Federal government in its wisdom approved that we should have additional 10 of such rice mills at a total cost of N10.7 billion, he said.

The Minister said the mills would be given to the private sector to manage and pay back after an agreed period of time between the Bank of Agriculture and the rice millers.

He said the mills will be established in 10 states spread across the six geo-political zones of the country.

The benefitting states include Kebbi, Zamfara, Anambra, Kaduna, Niger, Ogun, Benue, Kogi, Bauchi and Bayelsa.

On his part, Minister of Works, Power and Housing, Babatunde Fashola announced that the cabinet also approved contracts worth N4.5 billion for the construction of Sumaila-Falala-Birninbako-Bauchi road that connects Bauchi and Kano States, as well as N64.1 billion for additional work on Lagos-Ibadan expressway.

Council also approved additional works on the section one of the Lagos �Ibadan expressway for a length of about 43.6 kilometres at the cost of N64.108 billion, which covers clover lift, pedestrian bridges and toll plazas for that section, the Works Minister explained.

Source: Voice of Nigeria