FEC approves establishment of 10 large rice mills

FEC approves establishment of 10 large rice mills

- A total of N10.7 billion has been approved by the federal government for the establishment of 10 new rice mills

- The council also approved N68.6 billion for road projects across the country

- The 10 rice mills will be located across the six geopolitical zones including Kebbi, Zamfara, Benue, Kogi, Bayelsa, Anambra, Kaduna, Niger, Ogun, Bauchi

The Federal Executive Council (FEC) on Wednesday, April 25, approved N10.7 billion for the establishment of new 10 rice mills and N68.6 billion for road projects across the country.

This was disclosed by the ministers of state for agriculture, Heineken Lokpobiri and that of power, works and housing, Babatunde Fashola after the council’s meeting chaired by President Muhammadu Buhari at the Presidential Villa, Abuja.

Lokpobiri said that the council approved the 10 rice mills with the capacity to produce 100 tonnes per day, and the mills would be managed by private rice millers.

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"Today the Federal Executive Council approved the establishment of 10 very large rice mills to enhance the milling capacity of rice value chain in the country.

"Few years ago it was reported that this country needs a minimum of 100 large rice mills. As of today we have about 21 but Federal Government in its wisdom decided that today we should approve the establishment of 10 at the total cost of N10.7billion.

"These would be given to the sector to manage which they will be pay back within a given timeframe as it would be agreed between the Bank of Agriculture and the Rice Millers," he said.

According to the minister, the mills will be located in Kebbi, Zamfara, Benue, Kogi, Bayelsa, Anambra, Kaduna, Ogun, Niger and Bauchi states.

According to him, the new approval is to accommodate the changing factors occurring on the project and also to modify the bitumen for the road in order to withstand the heavy vehicles passing through the road.

"This covers Glover leaves, pedestrian bridges, toll plazas for that section so as to accommodate changing nature of that road since conception. So, many new structures, religious institutions, factories, universities and increased human activities that have come up along that road.

"The inherited design didn’t provide for all these at all. The second section under RCC about 80 kilometres will come to Council to incorporate similar works including drainage works e.t.c when we finish procurement," he said.

The minister also disclosed that N4.57 billion was approved for Sumaila-Falala-Birnin Bako-Bauchi road, linking Bauchi and Kano states.

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According to an earlier report by Legit.ng, the federal government of Nigeria revealed that the 14 new rice mills being planned to be completed in the country in no distant time will attract N250 billion worth of investments to the agriculture sector.

The Punch had earlier reported that Thailand had commenced moves to establish rice mills in Nigeria following the over 90 percent reduction in the importation of the commodity from the country.

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Source: Legit.ng

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