Lagos Partners with Chinese Firm to Boost Rice Production and Food Security
The Lagos State Government has signed a Memorandum of Understanding (MoU) with Yihai Kerry Arawana Holdings Co. Limited, a leading Chinese food processing company, to enhance rice production and food security in the state. The partnership aims to increase productivity in the rice value chain, aligning with the state government's quest for food security and agricultural revolution.
Governor Babajide Sanwo-Olu witnessed the signing of the MoU in China, alongside other officials. The collaboration is expected to provide significant employment opportunities and increase rice production capacity in Lagos State. The Imota Rice Mill, a key component of the partnership, is projected to produce 2.8 million bags of rice yearly and provide 1,500 direct jobs and over 250,000 indirect jobs.
This partnership demonstrates the Lagos State Government's commitment to enhancing agricultural productivity and promoting rice cultivation to meet the high demand for rice consumption in the state.
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