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.
