NIGERIA GOVERNMENT MULTI MILLION DOLLARS RICE FARM IN NASARAWA

NIGERIA GOVERNMENT MULTI MILLION DOLLARS RICE FARM IN NASARAWA

I commend the partnership between the Kaduna State Government and Olam, which has resulted in the multi-million dollar Agricultural Complex I commissioned today, in Kaduna.

Olam’s investment in Poultry & Animal Feed Mills in Kaduna and Kwara States is a strong vote of confidence in our economic diversification vision.

That vision is for a Nigeria in which we grow what we eat. It is possible, and we are on course to achieve it, with the support of the private sector. Let me restate it that we will not relent in our efforts towards attaining agricultural self sufficiency in Nigeria.

We will continue to welcome and support more investment. This agricultural revolution Nigeria is witnessing will create jobs for our young people, attract investment, and grow our economy.

The old, import-dependent Nigeria is disappearing and a new Nigeria is rising in which we grow what we eat and consume what we make.


Leading Agri-business firm, Olam Nigeria Limited has set up a multi-million dollar integrated rice mill in Nasarawa State, North-central Nigeria, fitted with the capacity to produce 36,000 metric tonnes of milled rice per annum.

Olam’s Managing Director for Africa and Middle East, Venkataramani Srivathsan, who welcomed Nigeria’s President Goodluck Jonathan for the commissioning of the facility, said 3,000 hectares of land is already under cultivation on the 6,000 hectares of mechanised paddy farm where the rice mill is located.

Srivathsan said Olam plans to increase acreage in Nasarawa to 10,000 hectares. “This will bring Olam’s total investment in the integrated farm and milling facility to over N18 billion ($111 million),” he said.

Jonathan in his address said rice production was scaling up in the country as evident in the increase in the number of integrated rice mills from one to 18 in the past three years.

“I look forward to the day when Nigeria rice will go beyond our shores and traded internationally,” the president said, adding that with the growth achieved thus far, it is a possible feat for the country to achieve.

The president noted therefore that the country’s dream of becoming a net exporter of rice will be fast-tracked by encouraging large commercial farms as a way of complementing small-scale farmers.

Facebook Comments

About author

Oludare J. Olusan
Oludare J. Olusan 249 posts

Publisher, Entrepreneur, Author and founder of The African portal / Presenter at The African Portal Radio / TV

You might also like

Business 0 Comments

BARCLAYS AFRICA DUMPS KPMG IN LATEST BLOW TO AUDITOR IN SOUTH AFRICA

JOHANNESBURG (Reuters) – KPMG’s scandal-hit South African arm lost another major client on Thursday when Barclays Africa Group dropped it as joint auditor, raising questions about the firm’s future. Barclays,

Business 0 Comments

MORE SOUTH AFRICANS ARE FINDING WORK, BUT SALARIES ARE DECLINING

At least 56,000 more South Africans found work in the country’s formal sector in the first quarter of this year. There’s been a sharp rise in government jobs in the

Business 0 Comments

MEET PRINCE ROLAND KENNEDY OKONGBE, SERIAL ENTREPRENEUR & PHILANTROPHIST

Prince Roland Kennedy Okongbe aka (Don Tycoon), Nigerian serial entrepreneur and philanthropist based in Johannesburg. Roland was born in Ughelli, Delta State of Nigeria and relocated to South Africa over

0 Comments

No Comments Yet!

You can be first to comment this post!

Leave a Reply