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By agronigeria, November 2, 2017
Rice Combined Harvester at workThe Deputy Director, Nigerian Investment Promotion Council (NIPC), Aminu Takuma has hinted at plans by the Federal Government to establish a crop-processing zone in Niger state with a goal of boosting agriculture exports.
According to Takuma, the project to be created and named Badeggi Crop Processing Zone is expected to gulp a whopping sum of $1 billion.
The top executive of NIPC stated that work at the facility is expected to commence in June 2018 with an initial investment of $250 million. He added that an anonymous investor will be contributing $800 million towards the execution of the project and consequently own 60% of it.
Aminu Takuma further disclosed that goods realised from the crop processing zone would be transported to Baro iInland Port on the Niger River and transported down the coast for export.
Earlier reports on this planned programme from the government indicated that the facility will process more than 750,000 metric tonnes of crops including rice, maize, yam, cassava, groundnuts and peas every year.
They also conveyed that the government plans to set up 15 more crop zones across the country in a bid to fast-track the development of the nation’s agriculture sector.
https://agronigeria.com.ng/fg-set-1bn-crop-processing-zone-niger-state/

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