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

Ahead of the commissioning and operation of the 32-metric tons per hour Rice Mill in Imota, Ikorodu, Lagos State Government has handed over the management of the facility to private investor for efficient running.

Governor Babajide Sanwo-Olu, on Wednesday, presided over the ceremony where officials of the State Government signed a Memorandum of Understanding (MoU) with WACOT Rice Limited, a subsidiary of TGI Group.

The private firm is to provide operational support and manage the mill for nine months in the first instance through Joint Venture. The partnership is subject to renewal subsequently.

Sanwo-Olu is expected to hand over the rice mill in the next few months, after which it would commence commercial operation.

Commissioner for Agriculture, Ms. Abisola Olusanya, said the privatisation of the rice mill’s operations was to ensure efficiency in the output of the facility, noting that the idea was initiated in 2019 when the State Government started the discussion with the firm.

Special Adviser to the Governor on Agriculture (Rice Initiative), Dr. Rotimi Fashola, said the Governor believed the mill would be optimised if it had a respectable private brand behind it and a technical support team that could provide intervention towards making the mill sustainable and functional to its capacity.

He said: “There is a need for the Government to put the rice mill on the path of sustainability and give it to a handling that will project quality. We sourced to have a partnership in rice production business that has a stable brand and eye for efficiency. This brings forth this Joint Venture and technical support agreement with WACOT.

“In Nigeria today, this is a brand consumers want to purchase in the market. We are delighted that we are able to bring WACOT to the table for technical support, managerial and quality assurance skills. The partnership agreement being signed today will be for nine months in the first instance and subsequently can be renewed. All i’s have been dotted and all t’s have been crossed.”

Group Managing Director of TGI Group, Rahul Savara, said Lagos Government found a great partner in the firm, pledging that the company would be deploying standard technology and services in managing the rice mill.

He said the private firm shared the Sanwo-Olu administration’s conviction to meet high demand for rice and make Lagos self-sufficient in rice production and processing.

“We are ready to work with Lagos State to make the facility run at its best. We will be deploying the best expertise, technique and training to make the Government proud of this investment,”
Savara said.

Attorney General and Commissioner for Justice, Mr. Moyosore Onigbanjo, SAN, provided the legal instruments backing the MoU.

Other top management staff of TGI Group at the ceremony included the Group’s Executive Director, Jerome Shogbon, Company Secretary, Omowumi Fajemiroye, Head Corporate Communication, Rafiat Gawat, and representative of Banwo & Ighodalo Partner, Azeezah Muse-Sadiq.

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

And I hope buhari will not use this to launch a new corruption pact.

Well done our gov!



God bless Lagos State
God bless Nigeria




<><> BAT'23 ........... · ‏وَإِنَّ جُندَنَا لَهُمُ ٱلْغَلِبُونَ ‎

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.

If I no vote Bola Ahmed Tinubu make my hand bend

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

Built Lagos, but resting in London hospital. Lazy assholes.

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.

famouscargo4u:

WACOT is a Nigerian company.

Rahul Savara is a Nigerian name?

RenaissanceGuy:
Rahul Savara is a Nigerian name?

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

famouscargo4u:


WACOT is a Nigerian company.

Wacot is owned by TGI

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

Alright, thank you.

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.

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.

Fake life....why are they doing all these eye services now?.....yeye

Good development.... Make them start to employ all those agbado munching agberoes and urchins wey full Lagos streets and motor parks

Look like Ikorodu get plenty land .. Oya Oga Sanwo Baba come and give me 100 hectares let me set up a biscuit factory.

ObamaMessi:
And I hope buhari will not use this to launch a new corruption pact.

this one will claim he is not an illiterate.what has buhari got to do with Lagos state business.

After going through the comments above by the IPOB I couldn't help to come to term that this people are irredeemable

They are congenitally allergic to any good news.

A state govt who is proudly pacesetter for other is celebrating a milestone achievement that will generate employment opportunities and maximize our local production of rice and this has become another reason for hatred by the zombidiots

What investment did Obituary achieve in 8 years thats still functional till today ? Nothing.


Dead brain IPOB are worst human on earth surface. I pray God grant them their Biafuro republic so that we can have a Nigeria free of hatred, bitter souls, drug peddler, militants and fraudsters.



Congratulations to Lagos state
Congratulations to Sawo-eko
Congratulations to Tinubu
Congratulations to Yoruba's
Congratulations to Hausa's/Fulani
Congratulations to patriotic Nigerians

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.

Jephet:
Why do I get the feeling that all these things are for election and not really sustainable

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

What a dumbo. Do some of you have brain at all? Must you defend every mediocre because of your laziness? Tufiakwa!!

Jephet:
Why do I get the feeling that all these things are for election and not really sustainable

So, because of election, they must stop doing their job and governance must stop until after election?

With the way you people think and reason like toddlers, if den put you in charge of Nigeria, Nigeria go return back to the stone age.

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

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

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

Every Attempt To Convert Aso Rock To Retirement Home For The Elderly & Sick , We Cancel & Destroy in Jesus Name

ObamaMessi:
And I hope buhari will not use this to launch a new corruption pact.

You have successfully emerged as the world most useless human on earth.

RenaissanceGuy:
Rahul Savara is a Nigerian name?

So dangote cant employ such?

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.

edawago:
Every Attempt To Convert Aso Rock To Retirement Home For The Elderly & Sick , We Cancel & Destroy in Jesus Name

You are the second most useless human on earth. Your Oga is at FTC...

BiafraAburi:

What a dumbo. Do some of you have brain at all? Must you defend every mediocre because of your laziness? Tufiakwa!!

WACOT is competent. Stop been Xenophobic. Go to Dangote refinery and see how Indians full there. Competence should be about our the right people irrespective where he/she comes from and that's the problem we're facing in this country.

BiafraAburi:

What a dumbo. Do some of you have brain at all? Must you defend every mediocre because of your laziness? Tufiakwa!!

The largest rice mill in Nigeria is mediocre and a tax-paying Nigerian company with Nigerian workers managing it is also mediocre?

I think there's a special manufacturing plant in your part of Nigeria where they manufacture all manner of mentally lazy people, dumb people and illiterates and people with zero sense of exposure outside your village.

Who swear for you people sef?