TGI Group, the parent company of WACOT Limited, has disclosed that it intends to increase rice milling capacity in Nigeria to 500,000 metric tonnes per annum in the next few years.
Speaking at the official opening of the WACOT Rice Mill in Argungu, Kebbi State, by the Acting President, Professor Yemi Osinbajo, TGI’s Group Managing Director, Mr. Rahul Savara, said the current phase of the mill has a production capacity of 120,000 metric tons per annum and fully automated silos that have the capacity to store raw materials for up to six months.
He added that the state-of-the-art rice mill with a capital outlay of over N10 billion is also expected to generate direct and indirect employment for 3,500 people and that its procurement of rice paddy will reach out to at least 50,000 local farmers, as the capacity grows.
While conducting dignitaries round the factory after the official opening, the Managing Director of WACOT, Mr. Ujwalkanta Senapati, drew their attention to the large stock-holding of paddy in the factory. According to him, the paddy was purchased from local farmers, who have been part of the company’s out-growers scheme.