Connect with us

Hot Gists

BREAKING !!!: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily

Published

on

On tuesday, It was reported that , the Managing Director of Tiamini Rice Mill Limited, Aminu Ahmed said that an additional sum of $13,370,500 has been invested by Tiamin Rice Mill Limited to raise its production capacity from the current 320 tonnes to 1,520 tonnes per day.

He made this known when he led the management team of the company on a courtesy call on the Indian High Commissioner to Nigeria, Abhay Thakur, in his office in Abuja.

ALSO READ
UPDATE: Abuja Court Stops EFCC, DSS, Police, CCT From Probing Saraki

It is noted that the MD claimed the policy of the present administration, especially the ban on smuggling and the interventions given to them by the Central Bank of Nigeria, have helped immensely in boosting local production of rice.

Mr Ahmed, claimed that the company which was established in 2016 in Kano started production of rice in 2018 with 320 tonnes per day and is ready to expand its existing production line from 320 tonnes to 920 tonnes next year, while a new production line would start production of 600 tonnes per day in Bauchi by May 2020.

ALSO READ
BREAKING !!!: Priest pushed off stage by woman in front of thousands of worshippers

He carried on saying that,

“We are now investing $13,370,500 to boost our production capacity to 1,520 tonnes per day. Already we have placed orders for all the machinery needed, and all arrangements are on top gear to meet the deadline we have set. By next year, we plan to become the biggest rice producers not only in Kano but in the whole country. Our watchword is quality and affordability. We produce one of the finest brands in Nigeria that can compete with foreign rice brands in terms of quality.

Mr Ahmed said that the durability of the Indian machines was secret behind the quality of Tiamin Rice. He then thanked the Indian High Commission for its support and sought further cooperation in the areas of easing trade relations between his company and Indian partners.

ALSO READ
LORD !!!: “Owner” of Okoro Blessing’s home shares video with his mum at the house

The high commissioner thanked Tiamin Rice for the courtesy call, and also for patronising Indian machines. Mr Thakur expressed hope that the policy of boosting local production would be sustained beyond the present administration to enable local industries in the country to grow.

Also, while speaking to journalists after the visit, the Managing Director of Tiamin Rice expressed his appreciation to the federal government for their support in local rice production and to the state governments for the enabling environments given to the company.

ALSO READ
UPDATE: Atiku set to bring N2billion suit against Lauretta Onochie

Click to comment

Leave a Reply

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




Entertainment2 days ago

WOW !!!: (video) – Watch DJ Cuppy’s reaction backstage when she heard Aliko Dangote donated 100 Million Naira to Save The Children foundaton

News5 days ago

BREAKING !!!: Dino Melaye – I Am Better Than Yahaya Bello In Bed

Entertainment5 days ago

WOW !!!: Throwback video of Tacha criticizing Alex and Nina for accepting gifts from their fans

News6 days ago

UPDATE !!!: What Fashola Actually Said About Roads In Nigeria (video)

News1 week ago

LORD !!!: Speed Darlington Wants To Sell Iphone Zlatan Gifted Him, Zlatan Reacts (video)

Hot Gists2 weeks ago

BREAKING !!!: Oshiomhole Supporters Release Video Of Their Clash With Obaseki’s In Benin

Hot Gists2 weeks ago

UPDATE !!!: (video) – Nigerian Engineer accuses SARS officers of harrassing and arresting him for keeping beards

Hot Gists2 weeks ago

WOW !!!: VIDEO – 24 hours after, Prophet Chukwuemeka fulfils N4m cash promise to victims of Ochanja fire outbreak

Hot Gists2 weeks ago

WOW !!!: (video) – Church members moved to tears as soldier begs them to pray for Nigerian soldiers fighting Boko Haram in Maiduguri

News2 weeks ago

UPDATE !!!: Protest – UNIBEN Students Seize CBN Bullion Van, Army Vehicle (Video)

Uncategorised2 weeks ago

BREAKING !!!: Neymar Grooving To Burna Boy’s “Ye” (Video)

News3 weeks ago

UPDATE – Duncan Mighty Arrested, Spent 3 Nights In Police Custody, Pointed Gun At Me – M2 says

News3 weeks ago

LORD !!!: It is better to be a beggar than a fraudster – Actress Charity Nnaji continues to mock Mompha, shares video outside EFCC’s office claiming she visited him

Hot Gists3 weeks ago

BREAKING – Edo APC Chieftain, Kabaka, Mobilises Kids To Shield His Hotel From Demolition

Uncategorised3 weeks ago

UPDATE : Susan: ‘it was a Joke,’ says lady who accused davido of impregnating her (VIDEO)




Trending