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AGRIC BUSINESS

Lagos, FG Sign N5 Billion Deal to Boost Rice Production

The Lagos State Government has signed a $25m (N5bn) agreement with the Federal Government to boost rice production in the state.

About 400 farmers are presently being prepared for the rice planting season in Lagos State under the Fadama III Additional Finance Project, according to a statement from Fadama.

The statement quoted the State Fadama Coordinator, Mr. Foluso Ajijola, as saying that Fadama III Additional Financing was aimed at ramping up production and increasing income of farmers operating within the catchment of the selected states and other production areas engaged in priority staple foods, namely rice, cassava, sorghum and horticulture.

He said, “Lagos State has been selected for rice production under the current project because of the success stories of the Fadama parent projects, the cooperation of the state government in prompt payment of its counterpart funding of the projects, and the establishment of Eko Rice Mills by the state government at Imota-Ikorodu, with a capacity of 20, 000 metric tonnes per annum.”

According to Ajijola, the Fadama Task Team Leader, Dr. Adetunji Oredipe, and the National FADAMA Coordinator, Mr. Tayo Akinwunmi, have already paid advocacy visits to the state government.

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Comments (2)

  1. RT @BizWatchNigeria: Lagos, FG Sign N5 Billion Deal to Boost Rice Production – http://t.co/tEri6kZmxF http://t.co/IbXGyB8SPa

  2. RT @BizWatchNigeria: Lagos, FG Sign N5 Billion Deal to Boost Rice Production – http://t.co/tEri6kZmxF http://t.co/IbXGyB8SPa

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