Showing posts with label Rice Sector Attracts. Show all posts
Showing posts with label Rice Sector Attracts. Show all posts

Tuesday, October 28, 2014

Rice Sector Attracts 256 Billion Naira Investments

The rice sector revolution introduced by President Goodluck Jonathan has attracted over N256 billion worth of investment within the last three years. Minister of Agriculture and Rural Development Dr. Akinwumi Adesina revealed this throughout the signing of a Memorandum of Understanding with the Bank of Industry(Bol) to construct rice and cassava mills over the country.

“Inside a three-year period, we've had the opportunity to attract $1.6bn of investment to the rice sector. The greatest one being Aliko Dangote that's set up over N165bn, that will be $1bn into commercial rice production and also commercial rice milling,” Akinwunmi said