Lagos signs deal with WACOT on Imota rice mill
21 October 2022 |
3:40 am
The Lagos State Government has signed an agreement with WACOT Rice Limited, a subsidiary of TGI Group, to manage the Imota rice mill.
Imota Rice Mill. Photo/facebook/jidesanwooluofficial
The Lagos State Government has signed an agreement with WACOT Rice Limited, a subsidiary of TGI Group, to manage the Imota rice mill.
According to the agreement, the 32-metric tonnes mill will be handed over to the rice-producing company in the next few months, with commercial operations commencing under the company’s management.
At the agreement signing event, Governor Babajide Sanwo-Olu explained that the state decided to let WACOT manage the mill because of its expertise and competence. He added that Lagos hopes to benefit from WACOT’s experience and expects improvements in quality, capacity, packaging, and general rice production to meet the state’s increasing demands.
“Lagos State Government has set up two lines of 16mt/hour capacity rice mill, in Imota, Ikorodu, to meet the high demand for consumption of rice in the state, thereby pushing Lagos towards self-sufficiency in the area of rice production and processing.
“The state Government is desirous of operationalising the rice mill through the technical services of WACOT rice limited, a subsidiary of TGi Group providing commissioning and kick-off operationalisation support services.”
Head of Corporate Communications, TGI Group, Rafiat Gawat, said, “We are happy to partner with Lagos State as our economic core. Since setting up the WACOT rice mill in 2017, we have produced premium quality Big Bull rice, which is available across the country.
“Currently, we are expanding to double our production capacity in the coming months. Though our factory is located in Argungu, Kebbi State, much of our rice is demanded in Lagos. The Lagos Government’s partnership with us is a testament to our capability.”
Managing Director of the company, Neeraj Tyagi, expressed excitement at the opportunity, stating that their experience in delivering quality Big Bull rice will come to bare in this partnership with the state.
“It is our hope that by sharing our technical expertise and global best practices through effective knowledge transfer, we will be able to assist the state in starting its journey towards self-sufficiency in rice production.”
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