Federal Government, through the Ministry of Agriculture and Rural Development, will, on Friday in Abuja, sign a Memorandum of Understanding, MoU, with Taraba State Government and Dominion Rice Integrated Farms Limited on the proposed 30,000 hectares rice project in Taraba State.
Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina, in a statement by Mr. Haruna Mathew, his Chief Press Secretary, said the MoU is a culmination of investment drive in the Agricultural Transformation Agenda, ATA, by directly building on Mr. President’s transformation agenda.
The rice project, located close to Taraba River, will be fully irrigated and capable of producing 2.4 crop cycles per year, with up to 15,000 trained men and women working daily.
Approximately 90 per cent of the land will be operated with contract farmers with the remainder being utilised as a corporate farm and for educational training purposes by the lead investor, Dominion Farms.
Approximately, 300,000 tons of rice will be produced annually for the Nigerian market, which now imports approximately 2,000,000 tons of rice annually, thereby offsetting 15 per cent of imports.
Following the signing, 50 young Nigerian men and women will be leaving for Kenya for a six-month course in modern farming techniques, including tractor operation, irrigation systems, farm management, among others.