Ambode seals mega rice mill deal in Zurich

Ambode right with a representative of Buhler in Zurich Switzerland

Lagos State Governor, Mr. Akinwunmi Ambode on Friday in Zurich, Switzerland sealed a Partnership deal with Bühler AG (“Bühler”), a leading rice-mill producer in the world, for the acquisition of a 32 tonnes per hour Rice Mill. Ambode, shortly after the signing ceremony said the development was in advancing of his vision to enhance food security and creating employment in the State.

The partnership is projected to create about 200,000 jobs across the agriculture value chain, and the cultivation of 32,000 hectares of farm land to produce rice paddy, equating to an estimated 130 million Kg of processed rice per year (averagely 2.6milion 50kg bags of rice). The rice mill will be the single largest mill of its kind in Nigeria and is expected to be delivered within twelve months.

The Governor further said the landmark event also provides the platform for the State to partner with other South West States in the spirit of the region’s resolve towards promoting economic integration. “The state of the art rice mill will be sited in Imota, Ikorodu and it requires 32,000 hectares of land for cultivation of rice paddy. This investment is expected to create thousands of jobs in rice value chain. In addition to the current arrangement with Kebbi State, Lagos would go into partnership with neighboring states, to ensure sustainable inputs for the mill and foster regional economic integration,” Governor Ambode said.

Particularly, the partnership with Buhler was in realising his administration’s economic agenda of diversification of the nation’s economy and conservation of foreign currency reserve. According to the agreement, the partnership with Buhler covers supplies and installation of the rice mill, including silos. It also covers maintenance and technical support as well as technical training of Nigerians in the ever growing sub-sector of the Nigerian economy.