Lagos State, WACOT Sign MoU on Imota Rice Mill

L-R: Partner, Banwo & Ighodalo, Azeezah Muse-Sadiq; Head, Corporate Communications, TGI Group, Rafiat Gawat; Company Secretary, TGI Group,  Omowumi Fajemiroye; Group Executive Director, TGI Group, Jerome Shogbon; Group Managing Director, TGI Group, Rahul Savara; Lagos State Governor, Babajide Sanwo-Olu; Attorney General and Commissioner for Justice, Lagos State, Moyosore Onigbanjo (SAN); Commissioner for Agriculture, Abisola Olusanya, and Special Adviser to the Governor on Agriculture, Dr. Rotimi Fashola, at the signing of the Agreement between the Lagos State Government and WACOT Rice Limited, a subsidiary of TGI Group in Lagos.

On the basis of its competence and efficiency, the Lagos State Government signed a partnership deal with one of the leading rice-producing companies in Nigeria, WACOT Rice Limited, to manage the state’s Imota Rice Mill.

Imota Rice Mill has a capacity of 32 metric tonnes and will be handed over to WACOT Rice Limited in the next few months. Imota Rice Mill is expected to commence commercial operation under the management of WACOT Rice Limited after the handover proper.

The Executive Governor of Lagos Stae, Babajide Sanwo-Olu, said, “Lagos State Government has set up two lines of 16 MT/hour capacity rice mill, in Imota, Ikorodu, Lagos State (the “Mill”), to meet the high demand for consumption of rice in Lagos State thereby pushing Lagos State towards self-sufficiency in the area of rice production and processing.”

The governor continued that “Lagos State Government is desirous of operationalizing the Imota Rice Mill through the utilization of the technical services of WACOT Rice Limited, a subsidiary of the Group, to provide commissioning and kick-off operationalization support services.”

The state hopes to benefit from the expertise of the leading rice producer in the country with deliberate improvements in quality, capacity, packaging, and general production of rice at the Imole Rice Mile to meet the increasing demands for rice in Lagos.

According to the Group Managing Director of TGI Group, Rahul Savara, said, “We thank the Executive Governor of Lagos State, Mr Babajide Sanwo-Olu, for being here with us as we hold Lagos in high regard as the centre of economic activity in Africa, not just Lagos. We are happy that in our small way we have contributed to that. We mostly take pride in being the best maker in the country.”

“We have been working very closely and will continue 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.

On her part, Rafiat Gawat, Head, of Corporate Communications, TGI Group, said, “We are happy to be partnering with Lagos State as our economic core even though our factory is located in Argungu, Kebbi State a large number of our rice are demanded in Lagos. Since setting up the WACOT Rice Mill in 2017 we have doubled our production capacity and for the Lagos Government to partner with us, it’s a testament to our capability.

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

 

spot_img
spot_img
spot_img
spot_img
spot_img

Hot this week

CBN Grants JPMorgan Approval-in-Principle to Establish Merchant Bank in Nigeria

The Central Bank of Nigeria (CBN) has granted Approval-in-Principle...

Cardoso Engages Business Leaders on Strengthening Nigeria–China Financial Corridor

The Central Bank of Nigeria (CBN) convened a high-level...

UBA Commences Contempt Proceedings Against WEMPCO Directors over Alleged Disobedience of Court Order

Mr. Lewis Tung and his brother, Robert Tung The Federal...

$242m Petroleum Products Diversion Claim: UBA Secures Court Order Against Vitol, Four Others

A Lagos State High Court has granted interim preservative...

Heirs Insurance Group Wins Prestigious Financial Times–World Bank Group Africa Sustainable Futures Award

L-R: Chinwe Binitie, Co-Head of Partnerships, World Bank Group’s...

Topics

NGX Regulation CEO Tasks Corporates on Sound Sustainability Reporting

Ms. Tinuade Awe, the Chief Executive Officer, NGX Regulation...

New Book Reveals How Atiku, Joda, Ndukwe Saved 2001 GSM Licence Auction

Expectations were high on January 19, 2001, the day...

Emirates workforce now over 105,000 and turnover hits $25.8 billion

Releasing its 2016-17Annual Report, the Emirates Group posted an AED...

Sovereign Trust Insurance Wins “Best Digital Innovation Insurance Company of the Year’ Award

L-R: Segun Bankole, DGM/Head, Corporate Communications & Investor Relations...

PwC : EU Referendum Could Affect Insurer Regulation

Prime Minister David Cameron’s announcement of an in/out referendum...

Ecobank Group Unveils Top Finalists for 2024 Ecobank Fintech Challenge

Ecobank, the pan-African Bank, has announced the top finalists...

‘No Transparency in Nigerian State Budgets’

BudgIT is currently conducting its #StateofStates campaign which examines...

Resolution of Failed Banks: NDIC Commences Process to Conclude the Liquidation of 89 MFBs & PMB

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the...
spot_img

Related Articles

Popular Categories

spot_imgspot_img