RIFAN, Tiamin partner to export rice to Egypt

RIFAN, Tiamin partner to export rice to Egypt

The Rice Farmers Association of Nigeria (RIFAN) has signed a Memorandum of Understanding (MoU) with Tiamin Rice Company for the processing and sale of rice locally and internationally.

The Managing Director, Tiamin Rice Company, Aliyu Ibrahim said the initiative was aimed at growing quality rice which Tiamin will processes and package with state-of-the-art milling technology for sale locally and internationally, particularly to Egypt.

He said the MoU which would be operational for a two-year period, was signed at the company’s 600 metric ton per hour capacity mill in Bauchi state, saying RIFAN and Tiamin share a common agenda in the area of rice cultivation and milling.

According to him, this is to ensure sustainable management of the rice supply chain under a partnership that seeks to produce, mill and pack the highest quality processed rice for export and local trade.

Ibrahim noted that the company will execute the MoU with a combined capacity of 920 tons per hour in two mills in Kano and Bauchi states and produce from its 10,000-hectare rice farm in Udubo, where season agriculture is carried out with state-of-the-art agricultural machinery.

He said the company has benefited from six different interventions from the development office of the Central Bank of Nigeria to the tune of more than N20 billion, adding that the company had successfully repaid four of the intervention funds.