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Bagudu lauds WACOT’s investment in Kebbi

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Bagudu. Photo/TWITTER/KBSTGOVT

Kebbi State Governor, Abubakar Bagudu, has commended WACOT Rice Limited for its contribution to the socio-economic development of the state and country.

The governor’s commendation came on the heels of WACOT’s new investment plans in Kebbi, which he said would positively impact the economy.

The new investment includes the second phase of WACOT’s mega rice milling complex at Argungu, where the first phase of the mill was established in 2017, and a 1,000-hectare rice academy at Dakin Gari.

Speaking after an inspection of the site yesterday, Bagudu expressed delight at WACOT’s new multi-billion naira investment plan, noting that history would not forget the enormous contributions of the company to the economies Kebbi and Nigeria.

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Bagudu, who is also the chairman of the Presidential Task Force on Rice and Wheat Production in Nigeria/Vice Chairman of the National Food Security Council, added that food production, through programmes championed by WACOT, were critical for national development.

He said: “The key to national emancipation is in more production, and this is part of what the Federal Government’s laudable policies aim to achieve.”

Earlier, Chairman of WACOT, a subsidiary of TGI Group, Farouk Gumel, assured the governor that the firm would continue to invest and expand in the state because it strongly believed in the robust food security policies of the state and federal governments.

Gumel also acknowledged the tremendous support WACOT was getting from the Bagudu administration.

“This generous support from the governor touches us. Very soon, Kebbi will become the food basket of Nigeria as far as cereals are concerned,” he added.

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