– Acting President Yemi Osinbajo is expected to arrive Kebbi state today
– Osinbajo is expected to commission the new WACOT rice mill on his visit
Acting President Yemi Osinbajo is expected in Argungu, Kebbi state today, August 1, for the commissioning of the 120,000MT per year WACOT rice mill.
The groundbreaking ceremony for the 120,000MT/year rice mill took place in Feb 2016, 18 months later, the plant is ready for commissioning.
The rice mill is a wholly private venture by WACOT limited, developed with the policy support Kebbi state government and the federal government.
The mill, a 10 billion Naira investment, is supported by an Outgrower Scheme comprising 6,000 rice farmers.
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Primary Catchment area for the Rice Mill is Kebbi State. There are also Buying Centers for Rice Paddy across the North (Kano, Jigawa etc).
WACOT says the decision to set up the Mill came when President Muhammadu Buhari launched the Anchor Borrowers Programme in Kebbi in November 2015.
Osinbajo is to commissioned the mill on August 1. Photo credit: Inside Arewa News
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The mill is owned by WACOT limited Photo credit: Inside Arewa News
Meanwhile, the Lagos government has concluded plans for an ultra-modern rice mill.
ZENITHBLOG.com learnt that the agreement for the construction of the mill was reached at a meeting between Governor Akinwunmi Ambode and Buhler Group in Switzerland, a global market leader in rice processing.
Watch video of traders revealing the real reason for the hike in food price:
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