Agriculture
Singaporean Firm Invests N7.6bn In Rice Farming
The President of Olam International, Mr. Jajreev Raina has said that his company was set to commence large-scale cultivalion and processing of rice by the last quarter of 2012.
The Singaporean Company which announced this in Nasarawa State, the nation’s major rice growing state said that it would invest $49.2m in rice farming and milling in the state.
Mr. Raina who was speaking to newsmen recently said the investment which would establish a 6,000 hectres of irrigated paddy farms and rice milling projects was the company’s first venture in rice production in the country.
He said when operational, the project would provide 60,000 tones of paddy annually to the processing facility which would then be converted into 36,000 tones of milled rice.
Mr. Raina reveal that globally, land under rice cultivation has remained stagnant around 150 million hectres over the last 30 years.
Olam which is a leading rice trader globally has been working with several rice farms across the county but does not own any of them.
Industry analysts have described the project as a big boost for the Federal Government’s drive to raise agricultural production towards food security for the rising population.
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Agriculture
FG, Ogun Distribute Inputs To 2,400 Farmers
Federal Government and the Ogun State Government, on Wednesday, distributed farm inputs to farmers as part of effort to address food security challenge.
The State Director, Federal Ministry of Agriculture and Food Security, Dr. Toyin Ayo-Ajayi, during the flag-off ceremony of Inputs Redemption Under The National Agricultural Growth Scheme-Agro Pocket (NAGS-AP), in Ogun State, disclosed that beneficiaries of the gesture were primarily rice, maize and cassava farmers across the State.
Ayo-Ajayi commended the Ogun State Government for partnering with the government at the centre for the effort in supporting farmers with inputs that would bring about yieldings for local consumption and likely exportation.
She noted that government is supporting rice, cassava and maize farmers with inputs worth N212,000; N189,000 and N186,000 respectively.
The Permanent Secretary in the State Ministry of Agriculture, Mrs Kehinde Jokotoye, who represented the Commissioner in the Ministry, Bolu Owotomo, stated that traditional farmers are critical in food production, hence the need to encourage and support them with inputs that would bring about desired results during harvesting.
Owotomo said: “Let us make good use of this opportunity, so that the success of this phase will make farmers benefit more from the state and federal governments of Nigeria.”
Earlier, State Coordinator, Federal Ministry of Agriculture and Food Security, Dr. Oluwatoyin Ayo-Ajayi, appreciated the present administration for partnering with the federal government for the initiative, adding that the programme is designed to support farmers at the grassroots level in cassava, rice and maize with inputs such as, seeds, pesticides, herbicides and fertilizers, to boost their production and enhance their livelihood.
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