The Lagos state government has signed a Memorandum of Understanding with WACOT Rice Limited, a subsidiary of TGI Group, to manage the Imota rice mill.
The 32-metric tonnes Imota Rice Mill will be handed over to WACOT Rice Limited in the next few months, with commercial operations commencing under the company’s management.
At the agreement signing event, Lagos State governor Babajide Sanwo-Olu explained that the government decided to let WACOT manage the mill because of its expertise and competence.
He added that Lagos hopes to benefit from WACOT’s experience and expects improvements in quality, capacity, packaging, and general rice production at the Imota Rice Mill to meet the state’s increasing demands.
According to Sanwo-Olu, the Lagos state government has set up two lines of 16 MT/hour capacity rice mill, in Imota, Ikorodu, Lagos State, to meet the high demand for consumption of rice in Lagos State thereby pushing Lagos State towards self-sufficiency in the area of rice production and processing.
“Lagos state government is desirous of operationalising the Imota Rice Mill through the technical services of WACOT Rice Limited, a subsidiary of the Group, of providing commissioning and kick-off operationalization support services,” he said.
