The Chairman and Chief Executive Officer (CEO) of TITAN Farms Limited, Aare Eyiolawi Gbenga Olatubosun has promised better days for rice consumers with a price slash very soon owing to the operations of the railway transport system in Nigeria.
Eyiolawi who disclosed this while featuring on a media interactive program tagged ‘Time Out With Broadcasters’, designed by Freelance and Independent Broadcasters Association of Nigeria (FIBAN), Oyo State Chapter on Friday at Ibadan said that this will bring lots of reduction in the price of logistics in processing the product.
The event which was chaired by the Deputy Governor of Oyo State, Engr. Raufu Aderemi Olaniyan was witnessed by other stakeholders which include the President of Market Men and Women Association of Oyo State, Alh. Sunmaila Aderemi Jimoh who doubles as the President of Rice Sellers Association of Oyo State, Alhaja Saratu Konibaje, the Iyaloja of Oyo State and Iyaloja Genaral of Ibadanland, Alhaja Sariat Ojikutu Olorunero, and Sulaiman Ileomo.
Others are the PRO of Bodija Market Other top dignitaries in attendance are Alh. Olalomi Amole, Mogaji Kola Oolotu, both past Chairmen of Oyo FIBAN, Amb. Romoke Ayinde, Matron of Oyo FIBAN. Mr Akinboade Ologbojo, an elder of the association and Yinka Agboola, Publisher of Parrotxtra Magazine among others.
The Chairman of FIBAN Oyo State Chapter, Pastor Seun Awodele in his opening address said “We all aware of the growing food crisis associated with insecurity and hostilities. Thus it is timely that this meeting will enable the media to meet with today’s guest speaker to discuss critical issues and the prospect of tackling this escalating problem”.
TITAN boss in his keynote address titled: ‘Food Security: The Challenges of Rice Farming and Milling in Nigeria’ said “coincidentally the railway terminal in Moniya Ibadan is just five minutes drive away from our factory in Ibadan here, so there will be lots of drop in our expenses on logistics to security and insurance, so definitely the price of rice will definitely drop soon”.
While explaining how the insecurity is affecting farming business, he said the insecurity rocking the country cuts across all sectors and is not limited to farming alone and that is why they protect their businesses through insurance covers.
“We spends so much on transporting our materials from Northern part of the country down here by the way of securing wares through insurance due to the insecurity in the country, and that is why we are commending the federal government in the area of transportation over restoration of rail system, there will be drop in price because we don’t pay out any more, what we need to do is to get our raw materials down here via railway”.