The Federal Executive Council on Wednesday approved a concession of 20 of its 33 silos for private sector operators due to N6 billion.
This was reported by the Minister of Agriculture and Rural Development Audu Ogbe, when he informed the correspondents of the State House about the results of the meeting of the federal executive council.
The meeting was chaired by President Muhammad Bukhari at the presidential villa in Abuja on Wednesday.
Ogbeh said that silos built in different parts of the country are inferior for 10 years.
He said: "Today we submitted a memorandum to the Council, seeking approval of the concession of Silos, which were built in different parts of the country in the last 10 years.
"In total there are 33 silos with a capacity of 1360,000 metric tons of grain, and they are distributed almost evenly through the geopolitical zones of the country.
"In 2014, the government decided to privatize or cede some of these silos so that the private sector could help, use them for a fee to the federal government.
"This process was carried out by the World Bank, the government concession committee, NGOs, the private sector and the Ministry of Agriculture.
"It took a long time to achieve this, because the processes are very slow, we want absolute reporting."
According to Ogbe, six of the 33 silos will be retained by the federal government.
He said: "We told them that the fact that we are giving way to some of the silos does not mean that we are giving up our responsibility for food security.
"We keep six silos that meet the international standard, we keep five percent of all the grains that we collect every year, and the rest – in the private sector groups.
"Those who expected and demonstrated the potential were those who singled out Silos, those who are not in a position to manage them will yield concession.
"The government will earn N6 billion over a 10-year period of first instance.
"The federal government remains the owner of silos, and at the end of 10 years it can either renew, annihilate or seize Silos, or manage them themselves.
"We have requests for grain from different parts of the world, soybeans, sesame, sorghum and millet.
"We also have a mass production of rice, and similar Dangote and Coscharis going to rice production, now need these silos.
"Thus, conceding to them for them means that they organize local groups for the production of grain, so that they can properly dry, store and sell when there is a need or even export."
The Minister expressed the hope that private sector operators will be able to effectively manage and maintain silos.
Speaking of a communicating flood disaster in some parts of the country, the Minister of Water Resources Alhaji Suleiman Adamu said that the federal government has taken measures to resolve the situation.
According to Adam, the water level rose to 11.19, but did not reach the level of 12.4, which led to flooding in 2012.
He said: "The water level has not reached the point, as it was in 2012, and we are happy that the water level in Cameroon has not reached the level that will cause them to open their dam."
Adam, however, appealed to the communities on the flood plain to move from these areas.
The special adviser to the president on media and advertising, Femi Adesina, also answered questions about the resignation of Kemi Adodesun as finance minister and the subsequent appointment of state minister for budget and national planning Zainab Ahmed for official monitoring of the affairs of the ministry.
According to Adesina, with his new appointment as finance minister, Ahmed officially "abandoned his post of state minister, budget and national planning."
Adezina said that clarification became necessary after confusion in its current state.
He said: "This is a matter of nomenclature, yes, but she is watching the service.
"What you call it, refers to the nomenclature, but if it controls the ministry, then it is.
"But notice that it is no longer a state minister, a budget and national planning, until anything the opposite happens.
"But now she is in charge of the Ministry of Finance."