The management of Popular Farms and Mills Limited, a subsidiary of Stallion Group, has inaugurated a strategic multi-billion naira rice mill expansion of 140,000 metric tons per year milling capacity.
It has also laid the foundation for 44,000 metric tons per year sesame processing plant at its Challawa Unit in Kano State.
Speaking during the inauguration ceremony, the Managing Director Popular Farms Mr. Amit Rai, said the company had installed capacity for 430,000 metric tons with planned expansion to 1.5 million tons of paddy rice per annum making it the biggest player in the Nigerian economy.
Rai added over 1500 direct and indirect jobs would be created as the company engaged over 80,000 farmers across paddy and Sesame abro-production business.
According to him, the company’s initiative will encourage the empowering farmers in the rice value chain to become better business people with strong technical and business knowledge as the company established sixteen “Popular aggregation centre’s” in Adamawa, Taraba, Benue, Niger, Gombe, Jigawa, Sokoto, Kebbi, Kano Zamfara and Kwara..
In his remarks the governor of the Central Bank of Nigeria, Godwin Emefiele, represented by Mr. Hassan Tom, stated: “l have seen what Popular Farms means in terms of rice production and the good relationship with farmers and the community”.