Imota mill: LCCI asks finance institutions to support rice farmers in Lagos | TheCable

  • 📰 thecableng
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 80%

Business News News

Business Business Latest News,Business Business Headlines

The Lagos Chamber of Commerce and Industry (LCCI) has urged the finance development institutions to support rice farmers in the state. In a statement on Tuesday, LCCI said the support

January 25, 2023 2:57 PM

According to LCCI, the federal government needs to be sensitive to the massive private investments and be more intentional in creating a stable policy environment.However, it added that the commissioning of the Lekki deep sea port, Lagos rice mill at Imota, the 18.75killometres Eleko-Epe rigid pavement six-lane expressway, the first phase of the blue line rail, and the John Randle centre for Yoruba culture and history, was a significant factor in driving development in the state.

“The 32-metric tonnes per hour Lagos rice mill at Imota-Ikorodu was also launched to produce rice for Lagos residents and possibly for export. The intent to ease transportation in Lagos led to the conceptualisation and eventual launch of the Lagos blue line rail project.“This project is part of fulfilling the request for a multi-modal transport system in Lagos to ease the traffic jams experienced by Lagos residents.

The chamber further commended the state government for its efforts to provide infrastructure, adding that the projects will positively impact the economy, and grow the gross domestic product of the state and that of the country.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Are there rice Farmers in Lagos?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines