Emefiele Inaugurates N15bn Rice Processing Factory In Kano

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on Tuesday, inaugurated a rice milling factory in Kano State, with a capacity of 420 metric tonnes per day.

The factory was established by a Kano businessman and industrialist, Alhaji Gerawa, at a cost of N15bn.

Speaking at the event, the CBN governor said the establishment of the factory was in line with the Federal Government’s commitment towards ensuring food security in the country.

He said, “As we increase the milling capacity of rice nationwide, we are encouraging all rice mills to embrace our backward integration programme, and get involved in paddy production to guarantee sustainable supply of paddy to your mills and complement the supply from smallholder farmers through our partnership with the Rice Farmers Association of Nigeria.

“The private sector-led Accelerated Agriculture Development Scheme provides long-term financing options to millers to finance commercial farms, land development, irrigation facilities, and other agriculture infrastructure that will enhance the production plan.

“As Nigerians, we need to become more patriotic and embrace Mr President’s mantra of producing what we eat, and eat what we grow.”

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