The Rice Farmers Association of Nigeria (RIFAN), has signed a Memorandum of Understanding (MoU) with Tiamin Rice Company for the processing and sale of rice locally and internationally.<\/p>\n\n\n\n
Tiamin Rice Company was the first corporate entity to access the Private Sector-Lead Accelerated Agricultural Development Scheme (P-AADS) funds from the Central Bank of Nigeria (CBN).<\/p>\n\n\n\n
The company, in a statement issued by its Deputy Managing Director, Aliyu Ibrahim, disclosed that it has benefited from six different development finance interventions of the CBN, totalling over N20 billion.<\/p>\n\n\n\n
On the MoU, Ibrahim, said the initiative was aimed at the cultivation of quality rice paddy by RIFAN, while Tiamin \u201cprocesses and packages with state-of-the-art milling technology for sale locally and internationally, particularly to Egypt\u201d.<\/p>\n\n\n\n
He said the MoU, which would be operational for a period of two years was signed at the company\u2019s 600-metric tonnes per hour capacity mill in Bauchi State.\u201c<\/p>\n\n\n\n
RIFAN and Tiamin share a common agenda in the area of rice farming and milling. This is to ensure a sustainable supply chain management of rice under a partnership that seeks to produce, mill and package processed rice of the highest quality for export and local trading.<\/p>\n\n\n\n
\u201cWith a combined capacity of 920 tonnes per hour from its two mills in Kano and Bauchi states, Tiamin Rice is one of the largest producers of rice in Nigeria\u201d, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"