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Nairametrics
Home Companies Company News

BUA Group Says It’s “Soliciting FG Support” To Build A New 200k Tonnes Rice Processing Plant

Nairametrics by Nairametrics
February 4, 2017
in Company News
Abdulsamad Rabiu_chairman BUA
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Nairametrics| The BUA group reported during the week that it is looking to establish another 200,000 rice processing plant on the banks of Hadejia river basin in Auyo, Jigawa State, in addition to the already existing one in Kano.

To achieve this objective, BUA will also be soliciting government’s support. It did not explain what sort of government’s support it is looking for.

This was disclosed by BUA’s group executive director, Strategy and Innovation, Alhaji Kabiru Rabi’u, during the signing of a partnership agreement with Kano and Jigawa rice farmers association in the group’s bid to” build an outgrower scheme that will involve the provision of improved seeds, technical expertise as well as the BUA’s milling and processing infrastructure that will drive the group’s current processing capacity from 200,000 tonnes to 1million tonnes within the next four years.”

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Alhaji Rabi’u further stated that the company decided to take advantage of the FG’s decision to reduce the nation’s dependence on imported rice and boost local producers’ capacities to produce, process and package rice locally.

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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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