The state of Cross River reported that its new plant for seedlings of rice will bring him about N13billion per year.
A news briefing in Calabar on Tuesday during a factory inspection, state finance commissioner, professor Anthony Enegi, said that the plant was built at a price of more than N3 billion in terms of planning, design, construction and equipping, machines, access and the situation in the open air , all objects together, "it is expected that it will satisfy the need for hybrid seeds throughout the South South and the South-East Zone."
He said that the plant estimates to start with 1000 hectares of land, and if we get 8 tons per hectare from each of these hectares, you multiply it by 1000 hectares, each crop within three weeks or months will yield an income of N1.2 billion.
Professor Enegi said: "If you sell one ton of hybrid rice to N150,000, then you can use your calculator and perform arithmetic, you will know that we are talking in Naira's billions." This amounted to about 13 billion dollars a year.
He said: "This is completely self-sufficient project, if we manage it the way we go. He can return all that we invest in these investments in three to four years. For reasons of management, the state created a special SUV called Cross River Rice Company and instructed him to lead. It is administered by the Ministry of Agriculture. This is a state project. "
While he said: "We can process up to 200 or 300 hectares in this facility. Saplings are grown on demand. You know that they need to be removed within three weeks.
"Our local rice we grow at best two tons per hectare, but with our hybrid seeds we aim at a minimum of 8.5 to 9 tons per hectare. In fact, when we come into contact, we are going to bring some precious stones there that will help us advance even up to 13 tons per hectare, and therefore we will get the parent seeds from these centers of excellence and will be able to develop our local rice in our here, in the center of rice. "
On employment issues, the Commissioner said: "We would conservatively put the number of direct classes at 10,000. But the indirect and other multiplier affects those who will grow rice from the various local authorities and mockups that they are going to hire, and all, then processors and etc., it's pretty colossal. "