The Niger State Government has entered into an agreement with the Lagos State Rice Mill and Lagos Commodity Future Exchange to produce 300,000 tons of paddy rice annually on 50,000 hectares of farmland in Niger State. This agreement is part of a Memorandum of Understanding (MOU) signed between the governors of Lagos and Niger states on food production and supply.
According to the Senior Special Assistant to the Lagos State Governor on New Media, the agreement designates Lagos State as the major off-taker of paddy rice from Niger State. This initiative is expected to enhance rice production and aggregation in Lagos State over a 3-year off-take program.
The collaboration also involves the Lagos Commodities Exchange raising N100 billion from the capital market to support food security in Niger State's commodity ecosystem.
The agreement was formalized at the Government House in Minna, where representatives from both states and the Lagos Commodities Exchange signed the MOU. Governor Bago of Niger State hailed the agreement as unprecedented and aligned with President Tinubu's food security agenda, expressing readiness to engage other states for mutual benefits and private sector growth.
This collaboration is part of the "Produce for Lagos Initiative," aimed at ensuring a consistent flow of agricultural products to consumers. It builds on previous initiatives such as the LAKE rice production agreement between Lagos and Kebbi states, signifying a continued commitment to agricultural development and food sufficiency.
Please find original version of article below:
https://ricenewstoday.com/niger-state-to-produce-300000-tons-of-paddy-rice-annually-for-lagos-rice-mill-2/
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