Niger State Government Signs off-taker Agreement To Boost Agriculture
The Niger State Government has signed a framework agreement for commodities off-taker between Niger Food Security and Logistics Company, a state-based limited liability company, and Tropical General Investments (TGI), a privately-owned company.
The agreement is aimed at boosting the government determined efforts towards food security and promote economic diversification in the State.
The agreement was signed by the Chairman, Niger Foods, Mr. Sammy Adigun, and the Executive Director, TGI Group, Mr. Sadik Kassim.
The signing ceremony was witnessed by Governor Umar Bago and the Chairman, Union Bank and EVC, TGI Group, Mal Faruk Gumel.
These were contained in a statement by the Special Adviser on Digital Media and Strategy to the Governor, Abdullberqy Usman Ebbo.
The agreement indicated that the Niger State Government, the producer, shall be responsible for the cultivation, harvesting, aggregation and sales of rice paddy, soya beans, maize, sesame seeds to the off-taker while Tropical General Investments, shall be responsible for the transportation, logistics, and purchase of farm produce.
Tropical General Investments is part of the conglomerate that includes Union Bank, Wacot Rice, Wasil, and Chi groups.
The transaction involves the production of 600,000 – 1 million tons of food per year over the next five years.
The governor indicated that the production will employ over 100,000 farmers, farming on over 100,000 hectares across Niger State.
This is expected to bring over one trillion Naira a year to the Niger state economy annually.
