ANNOUNCED AS TEMPORARYNo
On 10 September 2014, the Federal Executive Council announced the procurement of 10 integrated rice mills and six quality cassava flour mills. The government aid shall increase domestic production and discourage the importation of raw materials as import bans are choking off supply.
The mills will be acquired by the Bank of Industry at an estimated the price of 13 billion Naira (USD 66 million) and then handed over to the private sector. The measure was taken according to the government's policy of self-sufficiency in rice and cassava production.
⚑ Please report this page in case you detect an inaccuracy in its content.