One of the biggest rice mills in Nigeria, Tiamin Rice, has signed a Memorandum of Understanding, MoU, with the Rice Farmers Association of Nigeria, RIFAN, for rice export to Egypt.
The MOU, which will be operational for a period of 2 years after signing, was signed on Tuesday at the company’s 600-metric tonnes per hour capacity mill in Bauchi State.
A statement by the deputy managing director of the company, Aliyu Ibrahim, said the MoU borders on farming and cultivation of superior quality rice paddy by RIFAN and supplying it to Tiamin to process and package with state-of-the-art milling technology for sale locally and internationally, with particular priority to Egypt.
The company also said the MoU relates to supply of paddy, its farming, cultivation and processing, packaging, trading and marketing for either export or local trading and marketing.
“RIFAN and TIAMIN share a common agenda in the area of rice farming and milling in order to have a sustainable supply chain management of rice under a partnership that seeks to produce (farm), mill and package processed rice of the highest quality for export and local trading and marketing,” the statement said.
With a combined capacity of 920 tonnes per hour from its two mills in Kano and Bauchi States, TIAMIN Rice is the largest producer of rice in Nigeria.
The company also has a 10,000 hectare rice farm in Udubo, Bauchi State, where large-scale wet and dry season farming is taking place with state-of-the-art agricultural machinery.
Through JAIZ Bank, the company had benefited from six different development finance interventions of the Central Bank of Nigeria to the tune of over N20 billion and had successfully repaid four of the intervention funds.
Tiamin Rice is also the first corporate entity to access the Private Sector-Lead Accelerated Agricultural Development Scheme (P-AADS) funds of the Central Bank of Nigeria.
