In order to increase local production of Rice and increase food security in Nigeria, Coscharis Farms Limited, a member of the Coscharis Group has commissioned it’s 120, 000 metric tonnes Ultra-modern rice processing mill in Igbariam, Anambra State, Nigeria. Present at the event were dignitaries which include the Minister of State for Agriculture and Rural Development, Mustapha Shehuri, Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele; Governor of Anambra, Mr. Willie Obiano and Kebbi State Governor, Alhaji Abubakar Bagudu.
According to Cosmas Maduka, chairman, Coscharis Group, “Coscharis Rice Processing Mill, Igbariam is a 120,000 MT modular ultra modern Rice Mill and this is the first phase with 40,000MT/annum capacity. The processing mill has come to stay in order to improve the quality of life of ndi Anambra as well as the economy of the state and Nigeria in general. The next phase of 80,000MT/annum will come on stream before the end of next year,”
The project has created 470 direct and indirect jobs as the company participates across the rice value chain from seed to production and rice processing.
The governor of the Central Bank, Godwin Emefiele, stated that the project is a national reference to the apex bank as it was funded under the N200 billion Commercial Agriculture Credit Scheme (CACS) intervention of bank.
He said that the mill will not only mill rice paddy produced by its farm but also the ones grown by smallholder farmers under the Anchor Borrowers Program (ABP).
Willie Obiano, Executive Governor of Anambra State said that the Coscharis Farms played a strategic role in his efforts in transforming the state into an agrarian state that has impacted positively Anambra rice production.
“As a state, our rice production has grown over the years and we produce 345,280metric tons of rice in 2018,” he said.