• 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 Business

Lagos multi-billion naira 32MT per hour rice mill to be completed by Q1 2021

Omokolade Ajayi by Omokolade Ajayi
December 29, 2020
in Business, Spotlight
Lagos multi-billion naira 32MT per hour rice mill to be completed by Q1 2021
Share on FacebookShare on TwitterShare on Linkedin

Lagos State Government has revealed that the multi-billion naira Imota Rice Mill is at 85% completion level, and emphasized that the facility would be completed towards the end of the first quarter 2021.

This statement was made by Ms Abisola Olusanya, Lagos State Commissioner for Agriculture while speaking during a recent webinar tagged: “Lagos State 2021 Budget Review Session.”

READ: Tinubu lauds Sanwo-Olu over repealing Pension packages for ex-Governors and Deputies

MoreStories

Government Urged to Deliberately Subsidize Manufacturing in Nigeria for Economic Growth

Manufacturers access N68.7 trillion bank credits between January–September 2025 

February 8, 2026
Top 10 African countries paying the highest minimum wages in 2026   

Top 10 African countries paying the highest minimum wages in 2026   

February 7, 2026

While speaking at the Webinar, she revealed that when Governor Babajide Sanwo-Olu took over as the Governor of Lagos State, the rice mill was at 10-15% completion levels, however, the project currently stands at 85% completion levels, and will be completed towards the end of the first quarter of 2021.

READ: FG to provide solar energy to 5 million Nigerians within 12 months

Why this matters

In a bid to emphasize the importance of the facility in Lagos State and why it’s key in Governor Babajide Sanwo-Olu T.H.E.M.E.S agenda, she revealed that the move to fast-track construction works at the mill was driven by the need to ensure food security in the state and across the nation, as rice is an important staple of the Nigerian diet.

The mill will help to strengthen the economic rigour of the nation and enhance economic resilience as the facility seeks to provide employment opportunities for Nigerians, through the creation of 250,000 jobs, not only in Lagos alone, but across Nigeria.

READ: Rivers State seizes oil production site owned by Shell over oil spills

Ms. Olusanya stressed that the facility will help to create wealth across the Agricultural value chain, from the input supply to the paddy aggregation process, storage and warehousing, processing, distribution and then final consumption.

READ: Delta farmers target 28,000 MT of rice from this year’s dry season farming

What you should know

  • On completion, in line with the estimated installed infrastructure of the facility, the production capacity of the rice mill in Imota will set it among the largest in the world, and the largest in sub-Saharan Africa with 2.5 million bags of 50kg rice annually.
  • The mills when operational will ensure a steady supply of freshly processed rice of about 2.4 million bags of 50kg per annum to Lagosians, in addition to over 250,000 jobs to be created in both the upstream and downstream sectors of the rice value chain.
  • However, to facilitate a seamless supply of input for the facility, Lagos will undertake a backward integration strategy in the form of collaboration with other states such as Kwara, Sokoto, Benue, Borno and Kebbi to meet the paddy requirement of the mill.

Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: Imota Rice MillNigeria News
Omokolade Ajayi

Omokolade Ajayi

Omokolade Ajayi is a graduate of Economics, and a certificate holder of the CFA Institute’s Investment Foundation Program. He is a business analyst, and equity market researcher, with wealth of experience as a retail investor.

Next Post
Crypto, Investors flock to US dollar, Gold, Bitcoin, as Global Stocks record heavy sell-offs, Twitter Poll: Bitcoin price expected to reach $100,000 by 2021, cybercriminals, What it will take Bitcoin to hit $100,000?

Bitcoin miners are super-rich, earn $1,000,000 per hour

Leave a Reply Cancel reply

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

rabafast

access bank
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