Tuesday, September 28, 2021
Array

Tiamin Rice injects $13.4m to boost production capacity to 1,520 tonnes per day

Must read

Rayyan Alhassanhttps://dailynigerian.com/author/rayyan/
Rayyan Alhassan is a graduate of Journalism and Mass Communication at Sikkim Manipal University, Ghana. He is the acting Managing Editor at the Daily Nigerian newspaper, a position he has held for the past 3 years. He can be reached via [email protected], or www.facebook.com/RayyanAlhassan, or @Rayyan88 on Twitter.
- Advertisement -

Tiamin Rice Mill Limited has invested a total of $13,370,500 to boost its production capacity from the current 320 tonnes to 1,520 tonnes per day.

The Managing Director/CEO of the company, Aminu Ahmed, disclosed this when he led the management of the company on a courtesy call to the Indian High Commissioner to Nigeria, Abhay Thakur, in his office in Abuja.

The managing-director said the policy of the present administration, especially the ban on smuggling and the interventions given to them by the Central Bank of Nigeria, CBN, have helped in boosting local production of rice.

Mr Ahmed revealed that the company was established in 2016 in Kano and started production of rice in 2018 with 320 tonnes per day capacity.

READ ALSO:   CBN says Nigeria to exit recession by 3rd quarter...As NBS releases 1st quarter GDP report

He disclosed that the existing production line in Kano would be expanded from 320 tonnes to 920 tonnes next year.

READ ALSO:   CBN sanctions 15 banks others for starving SMEs of forex

The MD added that a new production line would start production of 600 tonnes per day in Bauchi by May 2020.

“We are now investing $13,370,500 to boost our production capacity to 1,520 tonnes per day.

READ ALSO: Nigerian govt shuts down land borders over persistent rice smuggling

“Already we have placed orders for all the machinery needed, and all arrangements are on top gear to meet the deadline we set.

“By next year, we plan to become the biggest rice producers not only in Kano but in whole country.

“Our watch word is quality and affordability. We produce one of the finest brands in Nigeria that can compete with foreign rice brands in terms of quality,” Mr Ahmed said.

Mr Ahmed, therefore, appreciated the relative quality and durability of Indian machines, which he said are the secret behind the quality of Tiamin Rice.

READ ALSO:   Nigeria external reserves stand at $45bn as at June – CBN

The MD then thanked the Indian High Commission for support, and sought further cooperation in the areas of easing trade relations between his company and Indian partners.

READ ALSO:   Nigeria external reserves stand at $45bn as at June – CBN

In his response, the High Commissioner thanked Tiamin Rice for the courtesy call, expressing appreciation for patronizing Indian machines.

READ ALSO: N4 billion rice mill set to be unveiled in Kogi

Mr Thakur said the High Commission hopes that the policy of boosting local production would be sustained beyond the present administration so that local industries in the country would grow.

Briefing journalists after the visit, the Managing Director of the rice mill thanked the federal government for supporting local rice production and the state governments for giving them enabling environments.

READ ALSO:   Elections: 450 IDPs to vote in Sokoto – REC

“We thank the federal government for giving us all the needed support to operate and sustain our production.

“We thank Kano State and Bauchi State Governments for their support in the allocation of the area of land.

“In line with Kano State Government’s policy of allocating free land to genuine investors towards reviving the industrial glory of the state, Kano State governor has particularly allocated land to us for our expansion project.

“It is heart-warming that during the governor’s visit to our company on 23rd May, 2018, he expressed desire to support and woo local investors with allocations of land.

“We urge other state governments to follow suit in order to boost local production and provide employment opportunities for youth in their states,” Mr Ahmed added.

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

- Advertisement -
cosgrove