In a few months from now, Nigerians will benefit from cheap rice as the price of the commodity stabilizes to favour both farmers and consumers.
This is according to Kebbi State governor, Abubakar Atiku Bagudu, who expressed optimism that the price of rice will stabilize to favourable both farmers and consumers upon the completion of the expanded 120,000-ton mill of WACOT rice in 15 months from now.
With the support of First Bank, the company is currently doubling the capacity of the rice mill which was commissioned by the Vice President, Prof. Yemi Osinbajo in 2017.
Bagudu commended WACOT Rice Limited for transforming the economic landscape of Kebbi State. According to him, the current expansion of the firm from its initial installed capacity of 120,000 metric tonnes to 240,000 metric tonnes was an indication of the tremendous confidence it had in the economy of Kebbi State and of Nigeria.
Ojelabi, the publisher of Freelanews, is an award winning and professionally trained mass communicator, who writes ruthlessly about pop culture, religion, politics and entertainment.
