In a statement signed by Femi Adesina, FG said that in real terms, the government in 2014 signed a $1billion Memorandum of Understanding, (MoU) for investment in integrated rice project with Dangote Industries Ltd.
Further to this agreement, Dangote Industries Limited this year cultivated over 8,000 hectares in Hadejia, Jigawa state, creating over 10,000 direct and indirect jobs for farmers who are the major beneficiaries of the scheme. In consolidation of the rice project of the Federal Government, President Muhammadu Buhari administration is also in partnership with the African Development Bank (AfDB) and other reputable companies to tap into the vast potentials in the private sector and broadening the economic base of the country.
He has also said that through the provision of N200 billion by the CBN for small holder farmers and processors involved in local production of rice and other grains, rice importation will hopefully stop in the next three years. It is unfortunate that while the Buhari administration is working assiduously with well-meaning Nigerians to bring the country out of the current economic situation it has found itself, a few self-serving individuals are bent on distracting the administration from the avowed focus to reflate the fortunes of the country through the diversification of the economy which, very soon, Nigerians will begin to see and experience the results. The Federal Government warns purveyors of such malicious information and those thinking of embarking on the same route to have a rethink and retrace their steps.