USD 32.7 Million Wacot Rice Mill Debuts in Kebbi State, August 1

Acting President Yemi Osinbajo is expected in Kebbi State on August 1 to commission the N10 billion WACOT Rice Mills located at Argungu Local Government Area of the state.

Governor Abubakar Atiku Bagudu confirmed this, on Wednesday, during WACOT management team visited him at Government House, Birnin-Kebbi.

The governor notified the visitors that Acting President has agreed to come to the state on to commission the factory.

Speaking on the WACOT investment, Governor Bagudu said ” When President Muhammadu Buhari visit Kebbi State on November 15, 2015, to launch Anchored borrower scheme, many people were sceptical whether farmers in the state could deliver. Now everybody can see.

”Now, we are having investors like you in Kebbi. Whatever WACOT is doing here, it is not only helping people of Kebbi, but you are supporting national image. Even when the recession is going on, you start the construction of your plant which is now helping us to show that Nigeria has potentials.”

Governor Bagudu who pledged his administration’s commitment to support the company, also charged them to explore other products that could be of benefits to Nigerians.

He added that the company should invest in Soybeans to compete with Brazil which sold over 400 billions dollars of the product per year to various markets in across the world.

Earlier, Chairman of WACOT, Alhaji Bashari Aminu, the Iyan Zazzau, in his remarks, disclosed that the company came to the state to answer Federal Government call that says ” we should produce and consume made in Nigeria instead of imported rice”.

He disclosed that WACOT investment in Kebbi state would be expanded to N10 billion with 400 metrics tonnes production per day plus 1,000 workers while 95 percent will be kebbi state indigenes.The company, which he said had branches in 13 African countries, Middle Belt and Asian countries, when fully expanded, would generate its independent energy and supply 250 villages in 14 local government areas of the state.

The company, which he said had branches in 13 African countries, Middle Belt and Asian countries, when fully expanded, would generate its independent energy and supply 250 villages in 14 local government areas of the state.

Source: SunOnline

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