Governor Umar Bago of Niger State, says his administration will likely hit N1 trillion in revenue through the Niger Food Security and Logistics Company, in the next five years.
He said that an agreement was signed between the Chairman of Niger Foods, Mr. Sammy Adigun, and the Executive Director of TGI Group, Sadik Kassim, a Commodity off-takers firm.
According to the agreement, the state and the producer shall be responsible for the cultivation, harvesting, aggregation, and sale of rice paddy, soya beans, maize, and sesame seeds to the off-taker.
This, he said, includes Tropical General Investments, which would be responsible for the transportation, logistics, and purchase of the farm produce.
Tropical General Investment was part of the conglomerate which included Union Bank, Wacot Rice, Wasil, and Chi groups.
He said the transaction involved the production of 600,000 to one million tonnes of various farm produce per year, concurrently for five years.
Src: https://guardian.ng/news/agriculture-niger-to-hit-1ntrn-revenue-in-5-years-gov-bago/amp/