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Private Sector Investment Shoots Rice Production To 4m Tons Annually - Agriculture - Nairaland

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Private Sector Investment Shoots Rice Production To 4m Tons Annually by billante(m): 1:58pm On Aug 25, 2014
Massive investments in rice production by large and medium-sized corporations in the country have shot up annual domestic processed rice production to over four million metric tonnes valued at N800 billion, from 2.9 million metric tonnes valued N580 billion in the last two years.

This represents 80 percent of the five million metric tonnes of processed rice consumed yearly in the country.

Large corporations that have made massive investments in local rice production in the last few years include Olam Nigeria Limited, Stallion Foods, Best Foods, among others. Investments by these firms and the corresponding high output have made the product more readily available.

“Nigerians eat our high quality local rice but do not know. We have totally changed the quality,” Akinwunmi Adesina, minister of agriculture and rural development, said recently in Kwara State.

“You may wish to know that Stallion ‘Shinkafa rice’ and ‘Stallion super’ are all locally-milled rice from Nigeria, not imported. Our expanded local rice production has added N750 billion to the economy, with over N407 billion as net incomes to farmers and rice processors, and boosted rural economy by 360,000 jobs,” he said.

Adesina said within three years, national paddy rice production rose by an extra 7 million metric tonnes, adding that the number of integrated modern rice mills in the country rose from just one in 2011 to 18 by 2014, all processing the local paddy into high quality finished rice.

Abdulghaniyy Alabi-Ojolowo, producer of Oryza rice, a leading rice value chain investor in Lagos, says the quantity of processed rice sold to consumers that can be obtained from paddy rice is about 50 percent to 70 percent.

So within the three-year period, the country added about 3.5 million metric tonnes of processed rice, which is about 1.16 million metric tonnes annually. This figure, added to the previous 2.9 million metric tonnes of rice produced annually in the country, shows that the country is now producing over 4 million metric tonnes of rice, which is about 80 million 50 kilogramme bags of rice valued at over N800 billion.

Apart from other factors, this increase in local rice production has been boosted mainly by health concerns of the populace, particularly middle class citizens who now usually shun imported rice.

Locally-produced and well-processed rice is generally adjudged to be healthier than imported rice, most of which have spent over 10 years in storage before being brought into the country.

High-quality and well-packaged Nigerian rice currently in the market include Quarra Rice, Umza Rice, Ebony Super Rice, Eko Rice, Mikap Rice, Ashi Rice, Queen of the Niger and Mama’s Pride from Olam.

Recently, a 210,000-metric-tonne capacity rice mill by Olam Nigeria Limited, the largest in Africa, was commissioned by President Goodluck Jonathan.

Ade Adefeko, head, corporate and government relations, Olam Nigeria Limited, says the firm is enhancing food security in Nigeria through the development of a 10,000-hectare rice farm in addition to its rice milling facility, adding that 3,000 hectares out of the firm’s 10,000 are already under cultivation.

Olam’s Integrated Mill in Nasarawa State is supported by an out-grower programme which it plans to scale up from 3,000 farmers to 20,000 farmers to supply rice for its processing mill. Up to 1,000 people are employed on the farm and over 950 are employed on the milling plant at peak season.

http://businessdayonline.com/2014/08/private-sector-investment-shoots-rice-production-to-4m-tons-annually/#.U_st4vldWSp

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Re: Private Sector Investment Shoots Rice Production To 4m Tons Annually by billante(m): 2:01pm On Aug 25, 2014
This is the 2nd self sufficiency plan being achieved....following Cement

Sugar,petroleum products, fish, auto mobile next in process

These are what constitute 70% of our yearly import, Thereby saving foreign currencies, create jobs and grow the economy.

Who was that saying the present economy is the worst since independence

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Re: Private Sector Investment Shoots Rice Production To 4m Tons Annually by billante(m): 9:50am On Aug 26, 2014
"it is a noble start as per as rice self-sufficiancy is concerned but there are something to be done as urgent solution to massive paddy production in kebbi
in kebbi, we produce rice all year round
presently,some farmers from january to august had harvested rice twice and they are planting the third phase
but no buyer,if any of the 18 integrated mills in the country need paddy, pls contact me on 08050702872,we can supply them with 1000,000mt of paddy within three month"

bello baidu jega
Re: Private Sector Investment Shoots Rice Production To 4m Tons Annually by RockMaxi: 10:05am On Aug 26, 2014
@OP, when Government start throwing figures at us especially on market and food production indices one will feel we are great already. I pray that the local rice production index will be sustained I prefer the taste.

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Re: Private Sector Investment Shoots Rice Production To 4m Tons Annually by luvinhubby(m): 10:45am On Aug 26, 2014
Currently consuming the high quality made in Nigeria Peacock brand of rice. The taste is better than those Thai & India rice.

Good job Agriculture minister.
Re: Private Sector Investment Shoots Rice Production To 4m Tons Annually by phantom(m): 10:59am On Aug 26, 2014
I can't wait for dangote to get in and raise the stakes.
we should be exporting rice to at least our west African neighbours.
our rice is probably the tastiest in the world.
Re: Private Sector Investment Shoots Rice Production To 4m Tons Annually by Blackfire(m): 11:03am On Aug 26, 2014
the clueless one proving critics wrong
Re: Private Sector Investment Shoots Rice Production To 4m Tons Annually by Nobody: 11:09am On Aug 26, 2014
I just love this agric minister, he is so proactive
Re: Private Sector Investment Shoots Rice Production To 4m Tons Annually by billante(m): 1:30pm On Aug 26, 2014
RockMaxi: @OP, when Government start throwing figures at us especially on market and food production indices one will feel we are great already. I pray that the local rice production index will be sustained I prefer the taste.

We can be very great! its a process in motion.....am happy efforts are being put into this regardless of what the supporters of APC wat us to be believing

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Re: Private Sector Investment Shoots Rice Production To 4m Tons Annually by PointB: 2:02pm On Aug 26, 2014
And they say GEJ is clueless?

Abeg give me more of this type cluelessness!
Re: Private Sector Investment Shoots Rice Production To 4m Tons Annually by dlox147(m): 3:49pm On Dec 26, 2014
Lovely
Re: Private Sector Investment Shoots Rice Production To 4m Tons Annually by maiunguwar: 3:34pm On Dec 27, 2014
No wonder the price of rice was cheap and stable this christmas.Welldone GEJ

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