Sonyboom765:
This is very true na overnight them build the rice mill according to fools from the most foolish tribe on the face of the Earth. Hate will not kill you wretched souls who can not stand the success of the superior Yoruba tribe to the foolish tribe you must be from.

This is downright unnecessary, the guy raised a salient point which is his opinion and which he has a right to.......all you needed do was explain to him what you know about the project or provide useful material on this project.

So many projects like this has been done in Nigeria and launched with so much fun fare but at the end nothing comes out of it.......lakerice readily comes to mind.

RenaissanceGuy:
It's scary that no Nigerian company can manage a rice mill. China builds our roads and railways while India owns nearly a majority of manufacturing companies in Nigeria. Another has been added — rice.

Better scary than bring us suffer like in refineries. I laud the LASG for this.

BiafraAburi:
Look at their faces. Posing for photos like dumbos. What do they know? Absolute nothing. Common rice mill, some yellow looking people must be invited to manage it for them. Shameless brainless parasites. Biafra must be restored come next year 2023. Enough is enough, we can't continue sharing a country with these bunch of lazy good for nothing slowpokes.

Better than letting black men make a local refinery of those mills. Far better.

I even a foreign president if it will help us progress.

plaindealer:



Abeg stop, it's a tax-paying Nigerian company with countless Nigerian employees putting food on the table from their many operations all over Nigeria.

A narrow and cheap mentality is bad for your own future and personal awareness.

Even if they are foreigners. It is better than allowing one of our own ruin it like refineries have been.

RenaissanceGuy:
It's scary that no Nigerian company can manage a rice mill. China builds our roads and railways while India owns nearly a majority of manufacturing companies in Nigeria. Another has been added — rice.

WACOT is a Nigerian company. It’s part of the TGI group. They probably employ more Nigerians than Dangote but of course you might not hear of them in the news
Solid investment base in Nigeria

Lanrelagboi:
LAGOS STRIKES DEAL WITH PRIVATE FIRM TO MANAGE, OPERATE 32-METRIC TONS IMOTA RICE MILL

•Sanwo-Olu presides over MoU signing with WACOT Rice Ltd/

At what price?
Why is the most important thing missing in your report

RenaissanceGuy:
It's scary that no Nigerian company can manage a rice mill. China builds our roads and railways while India owns nearly a majority of manufacturing companies in Nigeria. Another has been added — rice.

Please, allow them mange it o

What's the outcome of all government establishment Nigerians handled?

Okoroawusa:
If I no vote Bola Ahmed Tinubu make my hand bend

For selling the rice mill to his cronies for peanuts? Why do you think Lagos has trillions in loans despite trillions of IGR, allocation and even PPP projects?
Do you know what ThiefNuibu is doing with all the money since 1999 because he has not increased water supply to buildings in line with the IGR and other revenue increase? Do you know

mightyleks:
Are you serious right now? Do you know how these people use Nigerian? Oh my dear country

Don't Nigerians USE their fellow Nigerians.

Also these companies USE Nigerians using Nigerians

RenaissanceGuy:
It's scary that no Nigerian company can manage a rice mill. China builds our roads and railways while India owns nearly a majority of manufacturing companies in Nigeria. Another has been added — rice.

I agree with you but any Nigerian company that tries to will not have comparative advantage over foreign companies.

The investment capital for the business will be enormous since it’s NGN sourced locally as against a foreign company that brings FX and exchanges for NGN
Equipment aren’t manufactured locally and a Nigerian company will need tons of NGN to get USD for the purchase of these equipment.

The foreign companies find it easy simply because they have comparative advantage over local companies due to the value of the NGN against other currencies.

famouscargo4u:

.He is as Nigerian as you. He has been granted Nigerian Citizenship and holds Nigerian passport. WACOT has carved a niche for herself in the agriculture; They have farms for cotton , rice etc

Yeah, right.
The same way that Enron carved a name for itself in crime after mingling with druggie ThiefNuibu to build never happening electricity barges? Just like the never happening light rail that is almost completed every four years election period with plenty pictures

Judge hands out prison time in Enron barge scam

Ex-Enron, Merrill execs sentenced. A repentant Boyle gets nearly four years for his involvement in barge scandal

May 13, 2005

Former Enron executive Dan Boyle was sentenced to nearly four years in prison Thursday, while Robert Furst and William Fuhs, both former Merrill Lynch bankers, received more than three years — all for their roles in the Enron Nigerian barge scam.

Boyle, sentenced to three years and 10 months in prison and fined $320,000, was the only one who appeared repentant about pushing through a sham sale of energy-generating barges to the bank so Enron could pump its earnings and bolster its stock price.

"I'm the only one responsible for my actions and omissions and for the pain I caused each and every person I affected," the Clear Lake resident told the judge. "I'm truly sorry."

https://www.chron.com/business/enron/article/Judge-hands-out-prison-time-in-Enron-barge-scam-1942569.php

Lagos light rail’ll be ready in June – Fashola
January 9, 2013

The Lagos State Governor Babatunde Fashola on Tuesday said the first phase of the state Blue Light Rail project would be completed by June this year(2013).

He expressed confidence that Lagosians would start enjoying the services of the rail project immediately.

The first phase would run from Marina and terminated at Okokomaiko area in Ojo Local Government.

Fashola spoke during an inspection of ongoing projects in the state which took him and his cabinet members to Orile-Iganmu, Alimosho and Ejigbo areas among others to assess the level of works being done by contractors.

The governor, who inaugurated the trackwork of the blue light rail at Alaba Suru, Coker-Agunda Local Council Development Area, said the level of work on the road and those of the National Theatre and Alaba-Mile 2 rail stations, would ensure early completion

He said, “In order to finish the project, the contractor did not go on vacation during the festive period. This will ensure that the project is delivered on time for the use of Lagosians.

“The first section of this rail, which started from National Theatre, Orile-Iganmu to Mile 2 Bus Stop, would be fully completed with the tracks laid.

“Construction work will continue on the project from Orile-Iganmu to Marina, the expansion work on the road from Mile 2 to Okokomaiko will also be intensified.

“This is what we do with the loan collected by the government. We don’t use our loan to pay salaries and other recurrent expenditure, what we do with our loan is to provide capital projects that would serve the residents.

“When the project is completed, the state would be at par with other major cities of the world.”

http://www.punchng.com/news/lagos-light-railll-be-ready-in-june-fashola/

https://www.premiumtimesng.com/news/114370-lagos-light-rail-project-to-be-ready-in-june-fashola.html

Bigleaf1006:


This is downright unnecessary, the guy raised a salient point which is his opinion and which he has a right to.......all you needed do was explain to him what you know about the project or provide useful material on this project.

So many projects like this has been done in Nigeria and launched with so much fun fare but at the end nothing comes out of it.......lakerice readily comes to mind.

Lake rice came from the initial phase of this mill. The expected product from this mill is lake rice.
Kebbi is to grow the rice and Lagos process it.

why doesn't my state government follow up economic development in other states and replicate same or better, 10yrs along the line we are on the same page or better than. a great source of employment and research

BiafraAburi:


Look below. It is wholly local own and local managed. It's not a rocket science to manage a rice mill. Only lazy people contract yellow looking people to manage ordinary rice mill.


https://www.youtube.com/watch?v=pl6cF_eKC5Y

But its okay for pale looking white Caucasians to manage Intafact beverages since thats the only achievement worth celebrating by a former governor that ruled for 8 years

RenaissanceGuy:
It's scary that no Nigerian company can manage a rice mill. China builds our roads and railways while India owns nearly a majority of manufacturing companies in Nigeria. Another has been added — rice.

my thoughts exactly... Must we always look for indians and Chinese?

IdowuRufai:
Ambode really had foresight with this laudable project, good to see its completion

Be like head dey pain u, Ambode that left it the same way Fashola left it naim u dey talk Ambode foresight SanwoOlu ntook it from the 10% left by Fashola and completing now. Abeg o.

Echoban:
Be like head dey pain u, Ambode that left it the same way Fashola left it naim u dey talk Ambode foresight SanwoOlu ntook it from the 10% left by Fashola and completing now. Abeg o.

Same with Obasanjo, Yar’Adua and Jonathan

Difrent:
But its okay for pale looking white Caucasians to manage Intafact beverages since thats the only achievement worth celebrating by a former governor that ruled for 8 years

Truthful vawulence is allowed, boss

SATANICALLY:
In a 2018 interview, Peter Obi said he invested $20 million in International Breweries on behalf of Anambra state as a governor.

Obi’s claim was in response to questions on economic development, Anambra politics and his presidential ambition.

“… Anambra state is the single-highest shareholder in that facility. I invested in it, over $20 million,” Obi had said.

“It is worth almost $100 [million] today. That’s what government should do.”

TheCable had previously fact-checked some of the claims.

Chukwuma Soludo, governor of Anambra, also debunked a recent statement ascribed to him regarding the investment.

International Breweries (IB) Plc is a subsidiary of the world’s largest brewer, Anheuser-Busch InBev (AB InBev) — a multinational drink and brewing giant based in Leuven, Belgium.

In its 2021 audited financial statement, the company said it holds 43 percent economic interest in International Breweries Plc, a publicly listed company in Nigeria.

According to a report by The Nation, AB InBev merged its Nigerian operations under a single corporate entity in 2017. It had three indirect Nigerian subsidiaries — International Breweries Plc, Intafact Beverages Limited and Pabod Breweries Limited. SABMiller Nigeria Holdings BV — another subsidiary of AB InBev — was also a major stakeholder in Intafact and Pabod.

ANAMBRA’S INVESTMENT

In a statement made available to TheCable on Tuesday, Ifeatu Onejeme, Anambra’s commissioner of finance, confirmed that Peter Obi’s administration invested the sum of N1,955,535,247.00 (an equivalent of approximately $12,616,356.43 at the then average CBN exchange rate of N155.00/$1) in Intafact Beverages Limited, a green-field brewery set up in Onitsha by SABMiller Breweries of South Africa in 2012.

Onejeme added that the state government still holds 407,321,264 ordinary shares of International Breweries Plc in exchange for the Intafact Beverages Limited investment.

“Based on the NGX closing price of N5.50 as of 20/6/22, these shares were valued at N2,240,266,952 on that date,” the statement reads in part.

“Based on the Central Bank of Nigeria I&E exchange rate of N415.75/US$1.00 on same June 20, 2022, this investment was valued at an equivalent of approximately US$5,388,495.37 (and at N604/$1.00 parallel market rate, only US$3,709,051.24).”

https://www.thecable.ng/revealed-peter-obi-administrations-12-24m-investment-in-international-breweries-now-worth-5-38m/

Kindly note Wacot is the company producing Big Bull and the rice is a success story. They have the technical expertise, experience and personnel to run the plant. Leave this to our people and just forget about the investment. Running a plant like this requires a lot of commitment, spare inventory, cash flow, personnel if handled by our civil servants , with a lot of corruption and official bureaucracy cannot survive a year before it breaks down

fatile:
Kindly note Wacot is the company producing Big Bull and the rice is a success story. They have the technical expertise, experience and personnel to run the plant. Leave this to our people and just forget about the investment. Running a plant like this requires a lot of commitment, spare inventory, cash flow, personnel if handled by our civil servants , with a lot of corruption and official bureaucracy cannot survive a year before it breaks down

Are you one of Buhari’s lazy youths who think that blacks are intellectually incompetent and inferior to chinkos, Arabs and whites

Nice one

RenaissanceGuy:
It's scary that no Nigerian company can manage a rice mill. China builds our roads and railways while India owns nearly a majority of manufacturing companies in Nigeria. Another has been added — rice.

Are you talking about the same people who mock cassava and maize?
Let Koreans manage it for all I care.

BiafraAburi:
Look at their faces. Posing for photos like dumbos. What do they know? Absolute nothing. Common rice mill, some yellow looking people must be invited to manage it for them. Shameless brainless parasites. Biafra must be restored come next year 2023. Enough is enough, we can't continue sharing a country with these bunch of lazy good for nothing slowpokes.

This is coming from one of thr people who mock cassava which is the only raw material for his most loved akpu.

Anytime u see any developmental posts in Lagos, u get to see some ati owun rin wa react jealousy. It must be so hard for them knowing that in their native land , nothing positive can happen for a century.
Like in the Bible when the brothers of Joseph envied him, refused to bow for him and plotted against him, so shall Lagos, APC, Bola Tinubu, Yoruba triumph over its adversaries.

Perfectbeing:
In 10-15 years time, if paradventure, Sanwo Olu and Ikpeazu are contesting to be President, some people will look you in the eyes and say Ikpeazu is better and they won't be joking..

Hmmm!!! Just like the way they are comparing Obi to Tinubu.
Sire, Na confirmed Sense you made and it will not kill you

BiafraAburi:
Look at their faces. Posing for photos like dumbos. What do they know? Absolute nothing. Common rice mill, some yellow looking people must be invited to manage it for them. Shameless brainless parasites. Biafra must be restored come next year 2023. Enough is enough, we can't continue sharing a country with these bunch of lazy good for nothing slowpokes.

Flat head go back to your state now if you are not pleased or name one development in your own state

Praying that they get it right and that with time, price of rice will be affordable ( though initially, they will want to break even).

In Cameroon agricultural products including local rice eg Ndop rice( there is another local one too) are really trying, reason why food is the cheapest thing in Cameroon( no thanks to Boko Haram).

Sanwoolu is really trying and should be commended for his ideas and good work. Hopefully, this company will be able to feed the entire Lagos and surrounding states and soonest 200m+ people.

Billmos:
Nigeria rice dat even cost pass foreign rice now abeg make una open border cos it's not funny anymore.the problem of nigeria are cause by nigerian demselve.

We need more of this kind of massive Rice Mills and strategic investment in rice Agribusiness to meet our demand and this will eventually crash the price of rice.

Lanrelagboi:
LAGOS STRIKES DEAL WITH PRIVATE FIRM TO MANAGE, OPERATE 32-METRIC TONS IMOTA RICE MILL

•Sanwo-Olu presides over MoU signing with WACOT Rice Ltd


https://lagostoday.com.ng/lagos-strikes-deal-with-private-firm-to-manage-operate-32-metric-tons-imota-rice-mill/

So sad no Nigerian company is competent enough to run the mill

BiafraAburi:

As a Lagos lazy asshole, do not worry, your agbado nation is loading, where you will never be a parasite to me and my people.

Enemy of Progress, why are you always embittered about anything Lagos?

Lagos commissioned it's Rice Mills, to be managed by a private sector and neither the raw rice paddies nor the company involve your people yet you have been complaining bitterly over it. What's the colour of your problems?

famouscargo4u:


WACOT is a Nigerian company.

they are into many things, they produce the bull rice, they own chivita too

RenaissanceGuy:
It's scary that no Nigerian company can manage a rice mill. China builds our roads and railways while India owns nearly a majority of manufacturing companies in Nigeria. Another has been added — rice.

Take it slow..
It won't be long we will kick them out and take charge.
Before, the installers used to be Bùhler or Dynamic technicians mostly direct from India but now, we have good and competent engineers who can do everything from start to finish.
Beside, you that is complaining, what can you really offer? Industry is a big place with different sections and needs. Everyday people come in to render one service or the other and go. Please what service can you render?