The Nigerian Rice Farmers Association and the Tiamin Rice Company have agreed to work together to market and sell rice domestically and abroad.
According to a statement released in Abuja by Tiamin Rice Company’s Deputy Managing Director, Mr. Aliyu Ibrahim.
Aliyu explained that the program was developed so that RIFAN could grow high-quality rice paddy, and Tiamin could mill and package the rice using cutting-edge technology to sell domestically and abroad, with a special focus on Egypt.
They signed the MoU at the company’s mill in Bauchi State, which has a capacity of 600 metric tons per hour, and he claimed it will be in effect for two years.
In regards to the cultivation and processing of rice, RIFAN and Tiamin are on the same page.
This is in furtherance of a collaborative effort to cultivate, grind, and package premium processed rice for international and domestic markets, with the goal of ensuring a continuous and reliable supply of this product.
Tiamin Rice is one of the greatest producers of rice in Nigeria, he claimed, with a total capacity of 920 tonnes per hour from its two mills in the states of Kano and Bauchi.
Aliyu says that the firm also operates a 10,000-hectare rice field in Udubo, Bauchi State.
Furthermore, he stated that “six separate development finance operations of the Central Bank of Nigeria” have been of assistance to the firm.
He disclosed that the total amount of the intervention was more than N20 billion and that four of the intervention monies had been reimbursed by the business.
Aliyu reported that the Tiamin Rice Company was the first business to get funding from the Central Bank of Nigeria’s Private Sector-Led Accelerated Agricultural Development Scheme.
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