Stallion Okays site for Ekiti rice mill

 

 

The management of Popular Rice Mill (a subsidiary of Stallion Group) has expressed its satisfaction with a piece of the land allotted to its proposed rice mill factory in Ekiti state . 

 The managing director of company, Mr Amit Rai,  while  giving the feedback of  the assessment of the land to   Ekiti state governor ,Dr Kayode Fayemi in Ado-Ekiti  Tuesday ,declared  that the land is suitable for the rice mill. 

The Stallion Group of industry is one of the industries the state government has entered  partnership with in setting up rice mills in the state. Others are Dangote Farms and Jumlar Rice Limited.

Dr Fayemi explained to the team that the terms of security of tenure, incentives for investors, investment promotion framework, and the sanctity of contract of the state government were part of the things that would facilitate the decision of the company in setting up the mill. 

Disclosing his move to attract other rice mill investors into the state, Fayemi said Ekiti used to be a rice producing market for the entire western region in the country.

He said: “I don’t want us to be accused of not making full disclosure. I am sure that you would have been reading in the media that we are also attracting other mills to the state. It doesn’t really threaten your own efforts. For us we know that you have unique skills that you are bringing to the table.  

“We must also encourage our local players that they have a place in the sector. Your initiative is not at risk in any way, we believe that all of these initiatives we are bringing together are for our people. 

”Even in the olden days, Ekiti used to be a rice producing market for the entire western region and then we lost that. We are trying to regain it and accelerate it in the shortest possible time and that is where you come to assist us and I am confident that we will work well with you and we will achieve this together.”

Leave a Reply