Business

CBN Governor, Emefiele Commissions Multi-Billion Naira Rice Mill In Kano

The Governor of the Central Bank of Nigeria, Godwin Emefiele has commissioned a multi-billion naira rice mill factory, Gerawa Rice Mills LTD with a milling capacity to produce 560 tonnes of Paddy rice per day in Kano.

Solacebase reports that Emefiele said the establishment of the rice mill was part of the Federal government’s commitment to diversify Nigeria’s economy to Agriculture.

Speaking at the event on Tuesday, Emefiele expressed optimism that the rice mill will improve food security in the country.

According to him, the Federal Government will continue to support farmers through its Anchor Borrowers Scheme across the country, just as said the Federal Government will continue to support Gerawa Mills Nigeria Limited when the need arises.

“This is part of the Federal Government’s efforts to diversify our economy. The Gerawa Rice Mills LTD will improve food security in the country.

‘’On our part, we will continue to supposed Farmers through our Anchor Borrowers Scheme Program. The Federal Government will also support the Gerawa Group of Companies whenever the need arises”.

Also speaking at the official commissioning of the rice mill,  the Governor of Kano, Dr. Abdullahi Umar Ganduje described the development as massive, adding that the newly commissioned rice mill will provide employment opportunities for residents in the State.

Ganduje further stressed that the development comes as a result of the Federal Governments’ policies under President Muhammadu Buhari., Just as he commended the Federal Government’s effort in diversifying the economy.

“This is a massive development, these achievements will would provide job opportunities for our teaming youth.

‘’This is achievable under President Buhari’s administration. Therefore, I want to commend the Federal Government for diversifying the economy”, he said.

Shedding light on the multi-billion naira rice mill project, the Chairman of Gerawa Group of Companies, Alhaji Isa Muhammed Gerawa said the sum of N15bn was spent in setting up the company.

According to him, setting up the company was aimed at complementing the federal government’s efforts of ensuring that Nigeria as a nation attains food sufficiency.

Alhaji Gerawa however said the rice mill will provide jobs for about 20,000 youths in Kano State.

“The sum of 15 billion naira was spent in setting up the company and the move is to complement the Federal Government’s commitment to ensure food sufficiency.

“We are hoping that job opportunities will be provided for 20 thousand youths”.

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