The Federal Executive Council (FEC) has approved the sum of N10.7billion for the construction of 10 new rice mills to sustain the actualisation of rice-sufficiency programme.
The news was made available to newsmen on Wednesday, April 25, by the Minister of State for Agriculture, Heneiken Lokpobiri at the Council’s meeting, chaired by President Muhammadu Buhari at the Presidential Villa, Abuja.
AgroNigeria reports that the Council approved the establishment of 10 rice mills with the capacity to produce 100 tonnes per day, which would be managed by private rice millers.
Lokpobiri said, the Federal Executive Council approved the construction of 10 large rice mills to boost 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,” he added.
According to the minister, the rice mills would be given to the private sector for proper management and which, they will pay back within a given time frame as agreed upon between the Bank of Agriculture and the Rice Millers.
Lokpobiri noted that the mills will be located in Kebbi, Zamfara, Benue, Kogi, Bayelsa, Anambra, Kaduna, Ogun, Niger and Bauchi states.