In a groundbreaking move, the Niger State Government has inked a historic tripartite agreement worth billions with the Lagos Rice Company and Lagos Commodity Future Exchange, aimed at revolutionizing rice production.
The State’s Private Enterprise, Niger Foods Limited, is set to embark on a monumental project, committing to produce an impressive 300,000 tons of rice across a sprawling 20,000-hectare farm estate within Niger State.
Meanwhile, the Lagos Rice Company will undertake the off-take of the rice, with substantial backing from the Lagos Commodity Exchange, pledging a staggering N100 billion in support of the initiative.
Under the visionary leadership of Farmer Governor Umaru Bago, the historic agreement underscores a new era of collaboration and prosperity between Niger State and Lagos.
Aligned with President Tinubu’s robust agenda for food security, the accord signifies a significant stride towards self-sufficiency in rice production, bolstering the nation’s agricultural landscape.
Led by the indefatigable Farmer Governor, Umaru Bago, the monumental agreement is poised to catapult Niger State onto the global stage as a burgeoning agricultural powerhouse, propelling farmers towards newfound prosperity and recognition.
The agreement, consummated at the Government House in Minna, saw the Chairman of Niger Foods Security Systems and Logistics Company, Sammy Adigun, sealing the deal on behalf of the State Government. Dr Oluwarotimi Fashola, CEO of the Lagos Rice Company, and Dr Akinsola Akeredolu, CEO of the Lagos Commodity and Future Exchange, stood as signatories representing the Lagos State Government.
In laudatory remarks, Dr Fashola and Dr Akeredolu commended the unwavering commitment of Farmer Governor Umaru Bago in revitalizing the agricultural sector, hailing the accord as a pivotal step towards realising the full potential of Nigeria’s agricultural landscape.
Bologi Ibrahim
Chief Press Secretary
to the Governor of Niger State
