Lagos State Government on Thursday disclosed that not less than N20 billion has so far been spent on the much awaited Imota Rice Mill.
The Rice Mill, which is billed to be commissioned before the end of 2021, is expected to be the largest rice production in sub-Saharan Africa.
Commissioner for Agriculture, Miss Bisola Olusanya made the disclosure during at the ongoing ministerial press briefing to mark the 2nd anniversary of Governor Babajide Sanwo-Olu’s administration in office.
Olusanya also stated that when eventually commissioned, the project would provide not less than 250,000 jobs across the value chain.
She explained that the partnership between Lagos and Kebbi states over the production of Lake Rice still exists, adding that emphasis is now on shipment of paddy from Kebbi State to Lagos for processing.
“The Imota Rice Mill is referred to as rolls royce of its kind. We want to deliver a value chain with the best processing facility. Since its commencement, N20 billion has been spent looking at the exchange rate. The Rice Mill is going to be world class.
“On Lake rice, the partnership has shifted from processing of rice to shipment of paddy. So that we can beat down prices. Partnership between states should not be tenured, the partnership should be enduring,” the Commissioner added.
Olusanya, however, disclosed that there were challenges from Kebbi in terms of flooding and covid-19 pandemic.
“The idea is to bring rice at a subsidized price. We have to balance it so that we allow private sector to flourish. It is a function of how much paddy we are taking to Lagos,” she added.
The commissioner said Lagos has plan for its own brand on rice production.
She pointed out that Kebbi rice is in the upstream of the value chain, while Lagos is in the downstream and midstream, saying that Lagos has the human and the market for the rice production.