• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Business News

Cross River to launch rice mill by December, set to boost local rice production 

Joseph Olaoluwa by Joseph Olaoluwa
November 4, 2019
in Business News, Politics
Cross River to launch rice mill by December, set to boost local rice production , Ayade suspends transport agency over illegal taxation, orders arrests of illegal tax collectors

Governor Ben Ayade

Share on FacebookShare on TwitterShare on Linkedin

The Cross River State Government has unveiled plans to build an ultra-modern rice mill, expected to be ready by December of this year.

This disclosure was made by Francesco Antonio Lucarelli, the contractor engaged to deliver the rice mill project who also serves as the General Manager of AA Universal Agro Industries Ltd.

[READ MORE: Like Nigeria, Ghana moves to stop rice, poultry imports]

MoreStories

US submarine sinks Iranian warship, 148 sailors missing in Indian Ocean

US submarine sinks Iranian warship, 148 sailors missing in Indian Ocean

March 4, 2026
NDLEA captures long-wanted drug trafficker after 15-year manhunt 

NDLEA captures long-wanted drug trafficker after 15-year manhunt 

March 4, 2026

Capacity of the Mill: According to Lucarelli, an experienced contractor in the business, the Cross River Rice Mill boasts of a storage capacity of more than 6500 metric tonnes, which makes it one of the biggest in Nigeria.

Giving more details about the project, he explained that all the equipment required for the construction of the mill had been made available since April this year. He also noted that the project had approached advanced stages.

Friday Aruko Odey, a former Special Adviser to the Cross River governor on projects, disclosed that the rice mill would produce certain varieties of rice, create more opportunities as well as boost the revenue of the state.

The project is expected to engage more than 20,000 employees who would work on three shifts, the former aide explained. He also confirmed the project would be completed by the end of the year.

In a recent Nairametrics article, rice farmers assured the general public that a 50kg bag of rice will sell for N9,000 in three weeks’ time, after recording a bumper harvest this year. They also promised that more rice would flood the market thereby forcing market prices downward, against the continual hoarding that raised the price to about N26,000.

Aminu Goronyo, the President, Rice Farmers Association of Nigeria (RIFAN), confirmed the development. He said: “We have a bumper harvest that we never had before. We have never had the type of bumper harvests that we recorded this year.”

He also promised that the increase in the prices of rice will no longer persist.

[READ ALSO: Scarcity of imported rice hits major markets, as dealers pack local rice in foreign bags]


Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: Francesco Antonio LucarelliFriday Aruko OdeyUniversal Agro Industries Ltd
Joseph Olaoluwa

Joseph Olaoluwa

Reincarnated as a lover of stocks, Angel investors, seed funds, and anything aligned to tech or startups raising money, Joseph's work at Nairametrics involves following the money to wherever it leads. Before joining Nairametrics, he won an investigative journalism fellowship with ICIR, appeared in several national dallies, with hard-hitting opinions, features and investigative pieces. He has also engaged in content marketing and copywriting for a top e-commerce firm in Nigeria.

Next Post
Lagos Int’ Trade Fair: Foreign exhibitors lament over border closure, Lagos Int’ Trade Fair: Japan showcases 37 brands, seeks collaboration with Nigerian firms 

Lagos Int’ Trade Fair: Foreign exhibitors lament over border closure  

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast
rabafast

nairametrics








DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics