The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has restated President Bola Tinubu’s commitment to boost the nation’s economy. This is even as he promised to tackle challenges posed by natural disasters to the country.
The Minister made this disclosure while speaking during a visit to WACOT Rice Limited’s 250,000 metric tonnes processing facility in Argungu, Kebbi State.
Edun,who was accompanied by Governor Nasir Idris and Minister of Budget and Economic Planning, Atiku Bagudu, inspected the production processes. This was in preparation for the wet season harvest expectations.
The Minister lauded WACOT Rice for its contributions to the growth of the nation’s economy.
He noted that the facility supports farmers through a procurement network and an 8,000-strong out-grower programme.
Responding, the Chairman of WACOT Rice and Vice Chairman of TGI Group, Farouk Gumel, expressed gratitude to the Minister.
He said: “We are humbled to receive the ministers, governor, and their teams. It is timely because it’s been almost a year since we started the second phase of our rice mills. Bringing the capacity from 120,000MT to 250,000MT. The visit reaffirms government’s recognition of the role the agricultural value chain plays in driving development.”
Reports stated that the Minister also visited a nearby rice farm impacted by floods. Inspecting the facility, Edun stated the need for robust disaster management to prevent such occurrence.
The Minister emphasized the Federal Government’s measures to addressing these challenges. He maintained that it is essential to combat and mitigate effects of flooding. Particularly as we prepare for 2024 rainy season harvest.
He said, ‘‘Our focus is on supporting our farmers and safeguarding the agricultural sector, which is the backbone of our economy.”
Edun lauded Kebbi State Government in boosting agricultural productions. He, therefore, reaffirmed President Tinubu’s dedication to enhancing security and increasing productive capacity.
The Minister urged the private sector to continue investing in agriculture, bolstering efforts towards the journey to food security.
On his part, Gumel said: “Federal Government’s support is crucial for states like Kebbi, where agriculture is lifeline for many. At TGI Group, we partner stakeholders to strengthen agricultural production. With sustained investment and focus on food security, Nigeria will become self-sufficient in food and feed others.”
source: The Nation
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