Business
FG To Privatise New Silos – Adesina
The Minister for Agriculture and Rural Development, Dr Akinwunmi Adesina, has said that the Federal Government would privatise silos under construction across the country for proper utilisation.
Adesina, in an interview with our correspondent on Sunday in Abuja, said that the privatisation would be implemented under the Public-Private-Partnership (PPP) arrangement.
He said under the arrangement, the ministry would undertake the responsibilities of planning, coordination, facilitation and monitoring.
It would be recalled that contract for the construction of seven new 100,000-tonne silos in each of the six geo-political zones of the country and the FCT, was awarded in 2009 at the cost of N47.2 billion.
The silos project also involved the completion of the facilities at Gaya in Kano State and Dutse-ma in Katsina State.
The minister said that state governments that indicated interest to be part of the PPP arrangement would be considered, and that a few of the silos would be reserved for use as strategic grains reserves.
Adesina said the measure was part of government’s efforts toward revolutionising agriculture to make it respond to emerging challenges.
He said that the privatisation of the silos would help to stabilise prices, provide alternative commodity markets for farmers and ensure national food security.
He noted that the existing silos located at Ibadan, Akure, Ilorin, Iruha, Minna, Lafiaji, Makurdi, Ogoja, Jahun, Jos and Gombe were underutilised.
He said more than 80 per cent of the silos under construction at various locations across the country had been completed and would be operational before the middle of March.