The Economic Potentials Of Imota Rice Mill

The Economic Potentials Of Imota Rice Mill

President Buhari recently commissioned the largest Rice Mill in Africa and the 2nd largest in the world by production capacity in Imota, Lagos state.

The project has been in the making for over 6 years. The plan to build a new rice Mill in Imota, Lagos was first launched by the previous administration of Governor Akinwunmi Ambode and completed by the current Governor of Lagos state, Babajide Sanwoolu.

A 2.5 hectare land was chosen in Imota to host the plant.

It features 16 silos of 2500MT each bringing it’s total storage capacity to 40,000MT.

The plant is built to process 200,000MT of rice Paddy annual. No rice Mill across Africa comes close in terms of capacity.

To feed the plant with such quantity of rice. Partnership were finalized with other Nigerian states including Ekiti, Benue, Borno, Sokoto and Kwara.

The plant has two production lines capable of producing 650 bags of rice every hour or 2.4 million bags every year.

The job potential is around 250,000 for both direct and indirect as stated by the Lagos state commissioner for Agriculture, Abisola Olusanya.

Rice importation cost Nigeria about $1.65 Billion.
This rice Mill aims to change that eventually.