- The Stallion Group, has intensified efforts in expanding its operations at the country’s fully integrated rice value chain to the tune of over N30 billion.
- The Group, according to a statement, was leveraging on the policy impetus provided by the Federal Government’s Agricultural Transformation Agenda (ATA).
- Chairman of Stallion Group, Sunil Vaswani, said: “Sensing the need for local self-sufficiency and alignment with Nigerian government’s ambitions for food security, Stallion is working to improve farm yields and bring in sustainable and scalable growth to farmers.”
- The chairman said that there is an increase in local production of up to 430,000 MT per annum, with a target for local rice production at 1.5 million tons through the establishment of more milling capacities and structured farming activities.
- Furthermore, the Group has established fully integrated rice mills at strategic locations, to promote milling and paddy cultivation in selected areas.
- Source: New Telegraph
Stallion Group Will Vote N30bn Into Rice Production
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