Additional 14 Rice Mills to Attract N250bn Investment in Nigeria

Enterprise Television- Additional 14 Rice Mills to Attract N250bn Investment in Nigeria

The Federal Government has said that the 14 new rice mills expected in Nigeria in few weeks’ time will attract N250bn worth of investments to the sector in the country.

Following the over 90 per cent reduction in the importation of rice from the country, a statement was made by the Federal Government that Thailand had commenced moves to establish rice mills in Nigeria.

The government did not name those who were to establish the 14 new rice mills, participants at the AgroNigeria High-level Rice Conference in Abuja were told that the move would attract hundreds of billions of naira to Nigeria’s rice value chain.

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said, “There are presently 21 large integrated rice mills with a total processing capacity of 1.22 million metric tonnes yearly and spreading across the country, from Kano, Enugu, Ebonyi, Kebbi, Anambra, Edo, Nasarawa, Benue, Kwara, Jigawa, Niger and Kogi states.

He also emphasized that the challenge associated with local rice, which has discouraged consumers, especially when compared to imported rice, has been overcome.

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