Popular Farms and Mills Limited, a subsidiary of Stallion group has invested over $70 million to boost massive production of varieties of Rice and Sesame in Nigeria.
The Managing Director of the Group, Mr. Amit Kumar Rai at the 7th Annual Supply Chain stakeholders meeting held in Kano state north western Nigeria said part of the company’s major priority is to become a frontline contributor to Nigeria’s economic development and diversification.
“The group is targeting 1.50 million tons of paddy rice production per annum in Nigeria through the setting of more rice milling facilities,” he said.
Rai, said the focus of the group is to make Nigeria self-sufficient in the rice production in line with the rice revolution policy of President Muhammadu Buhari-led administration.
”In the course of its interaction and integration services, the company entered into an MOU, with over 1,151 Cooperative Groups, having 41,486 member farmers as well as 65,715 hectares of rice farm area, with an installed milling capacity of 430 metric tonnes per annum, and projected a capacity of 44,000 tons.,”
“We intend to achieve this through technical and farmers business skills training to over 24, 264 rice outgrowers across the producing states and cooperatives, as well as empowering women and youths in the rice value chain.”
“We have introduced fairly priced certified ‘popular seeds’ for our valuable stakeholders. We have collaborated National Agricultural Seeds Council for the purpose of producing and satisfying the locally released and grown genetic seeds. he explained.
He said, the company has also fulfilled its commitment to spend a dedicated budget, toward achieving expansion of rice and sesame value-chain backward integration initiative, in association, with various partners in order to expand the exportation of Sesame that will earn the country foreign exchange.
”We also free proud to announce that we have already inaugurated it by laying foundation stone of the expanded farm land and in the next one month, the sesame processing and cleaning facility would be operational at our Challawa, Kano unit,” he added.
Popular Foods has operated in Nigeria for 50 years.
The post Firm Invests $70 million to boost Nigeria’s rice production appeared first on Voice of Nigeria.