JAI signs MOU to expand rice mill (Nigeria)

Joseph Agro Industries Limited (JAI), one of Nigeria’s leading agri-processing companies, has signed a backward integration memorandum of understanding (MOU) with the Anambra state government to invest an initial $150 million (N25billion) in the rehabilitation and expansion of the state’s Omor Rice Mill.
The government of Anambra State, in South-eastern Nigeria, has sought to expand its rich but largely untapped agricultural resources; it says development of the sector is one of its cardinal goals, with the aim of providing job opportunities for over 10,000 people by using an out-grower scheme.
JAI said it will produce 167,000 tons of rice from paddies in two cropping seasons, and another 15,000 hectares is under negotiation, for development into irrigated rice paddy fields. The executive director of JAI, Ken Irhiogbe, said in a statement that China Machinery Equipment Corporation (CMEC), a leading global EPC provider, has been appointed as the technical partner to support in up-scaling the mill’s current capacity of 18,000 tons to an initial 100,000 tons, and in the development of 14000 hectares of land into irrigated paddy fields and the construction of a green energy biomass power plant in Omor using rice husk as feedstock.
JAI also said it will, as part of its long-term strategic objective to ensure sustainability through technology transfer, collaborate with the Confucius Institute and Nnamdi Azikiwe University to produce Chinese-speaking Nigerian students to understudy best rice technology practice.  – VenturesAfrica.com