- Governor Bago aims to generate N1tn revenue in five years, partnering with Niger Foods and TGI Group for agricultural development
- The collaboration plans to employ over 100,000 farmers across 100,000 hectares, focusing on rice, soya beans, maize, and sesame seeds
Governor Mohammed Bago of Niger State has set an ambitious target of generating N1tn in revenue through the Niger Food Security and Logistics Company over the next five years. The governor’s Special Adviser on Digital Media and Strategy, Mr Abdullberqy Ebbo, shared this plan in a statement in Abuja on Saturday, highlighting its potential to employ over 100,000 farmers across 100,000 hectares in the state.
An agreement was formalized between the Chairman of Niger Foods, Mr Sammy Adigun, and the Executive Director of Tropical General Investments Group, Sadik Kassim, a commodity off-taker firm. The signing of this agreement was witnessed by the Chairman of Union Bank and the Executive Vice Chairman of TGI Group, Malam Faruk Gumel.
As per the agreement, the state government and the producer will collaborate on cultivating, harvesting, aggregating, and selling rice paddy, soya beans, maize, and sesame seeds to the off-taker. TGI, in turn, will handle the transportation, logistics, and the purchase of farm produce. Noteworthy entities within the conglomerate, such as Union Bank, Wacot Rice, Wasil, and Chi Group, are integral to the success of this venture.
The transaction involves the annual production of 600,000 to one million tonnes of various farm produce for a consecutive five-year period. Governor Bago had already emphasized his administration’s commitment to agriculture during the presentation of the 2024 appropriation bill to the state House of Assembly. In a symbolic gesture, he expressed a desire to be known as the “Farmer Governor” to underscore his dedication to the state’s agricultural development.