The Rice Farmers Association of Nigeria (RFAN) has signed a Memorandum of Understanding (MoU) with Tiamin Rice Company for the processing and sale of rice locally and internationally. A statement today, November 16 by the Managing Director of Tiamin Rice Company, Aliyu Ibrahim in Abuja, said that the initiative was aimed at growing quality rice with Tiamin processes and packets with state-of-the-art milling technology for sale locally and internationally, particularly to Egypt.
He said that the MoU, which would be operational for a two-year period, was signed at the company’s 600 metric ton per hour capacity mill in Bauchi state.
“RFAN and Tiamin share a common agenda in the area of rice cultivation and milling. “This is to ensure sustainable management of the rice supply chain under a partnership that seeks to produce, mill and pack the highest quality processed rice for export and local trade.
“With a combined capacity of 920 tons per hour from its two mills in Kano and Bauchi states, Tiamin Rice is one of the largest rice producers in Nigeria.”
According to Aliyu, the company also has a 10,000-hectare rice farm in Udubo, Bauchi state, adding that dry-season agriculture is carried out on the farm with state-of-the-art agricultural machinery.
“The company has benefited from six different interventions from the development office of the Central Bank of Nigeria CBN.”
He said that the intervention was to the tune of more than N20 billion, adding that the company had successfully repaid four of the intervention funds.
Aliyu said Tiamin Rice Company was the first corporate entity to access funds from CBN‘s Private Sector-Led Accelerated Agricultural Development Program.
