Governor Umar Bago of Niger State has announced his administration’s ambitious goal of achieving N1 trillion in revenue over the next five years through the Niger Food Security and Logistics Company,Daily Trust reports.
Abdullberqy Ebbo, the Special Adviser on Digital Media and Strategy to the governor, disclosed this in a statement issued in Abuja on Saturday. According to Ebbo, this initiative aims to engage over 100,000 farmers cultivating on more than 100,000 hectares of land across the state.
The statement highlighted the signing of an agreement between Mr. Sammy Adigun, Chairman of Niger Foods, and Sadik Kassim, Executive Director of TGI Group. The Chairman of Union Bank and the Executive Vice Chairman (EVC) of TGI Group, Malam Faruk Gumel, witnessed the signing.
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The agreement outlines the roles of the state and the producer, involving them in the cultivation, harvesting, aggregation, and sales of rice paddy, soya beans, maize, and sesame seeds to the off-taker, TGI Group. Tropical General Investments, a part of TGI Group, will handle transportation, logistics, and the purchase of the farm produce.
This significant transaction aims to achieve an annual production of 600,000 to one million tonnes of various farm produce over a five-year period. (NAN)