Rice: Stallion Group Targets Over N30 billion in Production Investments

The Stallion Group, a major investor in the Nigerian rice industry in line with its commitment to align with the country’s food security agenda, has intensified efforts in expanding its operations in the country’s fully integrated rice value chain.

The Group according to a press statement, was leveraging on the policy impetus provided by the Federal Government’s Agricultural Transformation Agenda, with a target investment exceeding N30 billion in the rice supply chain.

Speaking on their expanded investment efforts, Chairman of Stallion Group, Sunil Vaswani said “sensing the need for local self-sufficiency and alignment with Nigerian government’s ambitions for food security, Stallion is working to improve farm yields and bring in sustainable and scalable growth to farmers.”

The Chairman disclosed an increase in local production of upto 430,000 MT per annum, with a target for local rice production at 1.5 million tonnes through the establishment of more milling capacities and structured farming activities.

Furthermore, the Group has established fully integrated rice mills at strategic locations, to promote milling and paddy cultivation in selected areas.