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Rice investor targets 7000 jobs under backward integration agenda

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PHOTO: thenationonlineng.net

PHOTO: thenationonlineng.net

With over N20 billion being deployed in the rice value-chain investment, Pearl Universal Impex Limited has stated that its investment in the nation’s backward integration plan is poised to create over 7,000 jobs in Niger state.

To achieve this job creation target, the firm has appealed to the Federal Government to provide a more conducive and enabling environment for operators in the rice business in order to realise the dream of self-sufficiency in rice.

Chairman of the company, Pulkit Jain, in a statement after the visit to the new emir of Borgu, said the project would create 3,000 direct and 4,000 indirect jobs through its out-grower scheme.

While commiserating with the emir over the demise of his predecessor, Jain said the project would create 3000 direct and 4000 indirect jobs through its out-grower scheme.

He said the company’s success on rice has resulted in its logical backward integration into rice milling and farming in Nigeria.

With an estimated amount of N356 billion spent on importation of rice annually, Nigeria is currently the second largest importer of rice in the world, and the largest net importer in Africa.

Also, the new Emir of Borgu, Mohammed Sanni has urged the government to lend its weight to rice farmers and millers in order to realise the value chain on the commodity, while commending the PJS for the project in his domain.
“Many firms came here and indicated interest in thought commitment.

This PJS came and indicated stronger commitment and went into action immediately. We want the government to support firms like PJS that go out of their way to invest in agricultural backward integration policy. This place is very remote and far from the city which is more than six-hour drive from Minna and PJS is ready to do business here.


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