Osinbajo Commissions N10bn WACOT Rice Mill In Kebbi, Commends TGI Group

As the country continues to move towards diversification of the economy away from crude oil, Acting President Yemi Osinbajo yesterday commissioned the largest parboiled rice mill at Argungu Kebbi State.

This state-of-the-art rice mill with a capital outlay of over =N= 10 Billion capable of processing over 120,000 metric tonnes of paddy per annum will create over 3,500 direct and indirect jobs.

Speaking at the commissioning, Osinbajo Commended TGI Group for supporting and investing in the food security vision of the Federal Government. He restated that the Federal Government will in the next two years concentrate its attention on agriculture and food security, energy, (power and petroleum), industrialization and transport infrastructure.

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He also disclosed that the Federal Government will continue to work closely with the private sector, giving them the necessary incentives and creating an enabling environment for them to invest and do business.

“This mill is important for several reasons. Firstly it underscores the policies of the Federal Government that it is the private sector that must be the engine of development. The private sector being the engine of development is not just having the sector grow but the growth must be growth with jobs the development we are talking about is growth with jobs. We have seen a lot of jobless growth in some sector of the economy with a lot of revenue coming in but with very few jobs”.

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In his Keynote address, Mr. Rahul Savara, Group Managing Director of TGI Group, the parent company of WACOTRice Limited applauded the federal government for its various initiatives in support of agriculture through the Central Bank of Nigeria (CBN) and other mediums, which are making the vision of ‘ease of doing business’ for the private sector possible.

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