Imota Rice Mill seeks US$216M to fully exploit its production capacity

NIGERIA – The Lagos State government has signed a funding agreement with the Lagos Commodities and Futures Exchange (LCFE) to raise US$ 216M from investors to reinforce the Imota rice mill operations in a bid to exploit its capacity. Imota mill was commissioned by Nigerian President Muhammadu Buhari early this year as the country pushes toward self-sufficiency in rice production. The…

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