The support aims to improve the production and availability of certified rice seed, addressing one of the major constraints affecting productivity and efforts to expand domestic rice production.
The new rice mill is expected to strengthen local milling capacity, improve packaging efficiency and support Nigeria’s drive to achieve greater self-sufficiency in rice production.
The financing will support the company’s ambition to scale sustainable rice production while reducing greenhouse gas emissions from one of the world’s most important staple crops.
The court has directed government agencies to release records linked to the duty free importation of 490,000 tonnes of rice within seven days.
Central African countries continue to spend hundreds of millions of dollars on imported rice as regional leaders step up plans to increase local production.