TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

FG concessions 20 agric silos to Dangote, Coscharis, others

The Citizen by The Citizen
September 20 2018
in Business
A A
0
FG concessions 20 agric silos to Dangote, Coscharis, others

The Federal Executive Council (FEC) on Wednesday approved the Federal Government’s plan to concession 20 agricultural silos on a 10-year lease to private firms for N6billion.

The concessions went to Dangote Group, Coscharis Company and others yet unnamed, which are to stock the silos from their expected boost in production of rice and other grains.

The companies are to organise local farmers and groups to produce grains for them to dry properly and store in the silos, and then market them locally or export when the need arises.

The Minister of Agriculture, Chief Audu Ogbe, told State House correspondents after the FEC meeting that most of the 20 silos have capacity of about 100,000 metric tonnes, and were chosen for concession of the 33 silos across the country with a combined capacity of 1.36 million metric tonnes, owned by the Federal Government.

Ogbe explained that “in 2014, the government decided to concession some of these silos, so that the private sector can help use them and pay a fee to the Federal Government.

“The process was carried out by the World Bank, the concession committee of the government, Non-Governmental Organisations (NGOs), the private sector and the Ministry of Agriculture. It has taken this long to arrive at this because the processes are very slow, we wanted absolute accountability.

“Today, we presented a memo to Council to approve the concessioning of 20 of these silos, most of them with a capacity of 100,000 tonnes. This does not mean we are reneging on our responsibility to guarantee food security. We are keeping six of the silos which are according to international standard. We keep five per cent of all the grains we harvest every year, the rest will go to private sector groups.

“Those who presented bids and have shown capacity have been the ones allocated the silos, those who are unable to manage them will have the concession revoked.

“Government will earn N6 billion in the 10-year period of the first instance. The Federal Government remains the owner of the silos and at the end of 10 years, it can either renewed, revoked or we take over the silos and operate them ourselves.

“The advantages of the concessioning include, private sector groups with these silos in their possession will drive the production of grains where these things grow more suitably.

“We have request for grains from different parts of the world – soya beans, sesame, sorghum and millet. We also have massive rice production going on and the likes of Dangote and Coscharis going into rice production now need these silos.

“So, concessioning to them means they will organise local groups to produce grains for them to dry properly and store and market when the need arises or even export,” Ogbeh said.

On the flood ravaging parts of the country, the Minister of Water Resources, Suleiman Adamu, disclosed that efforts were being intensified to contain the situation.

He said that the water level had risen to 11.19 but has not reached the 12.4 level that signals bigger danger.

“The water level has not reached the point as it was in 2012. And we are happy that the water level in Cameroon has not reached the level that will make them open their Lagdo Dam,” he stated.

The Director-General of the National Emergency Management Agency (NEMA), Mustapha Maihaja, put the casualty figure from the flooding so far at 101 and that the government had made a provision of N3billion for procurement of emergency relief materials for affected communities

He, however, put the responsibility of relocating the affected victims into temporary locations on the door steps of state governments.

Previous Post

Heritage Bank partners NPA to boost ports infrastructure

Next Post

Insurgency: Military winning war against Boko Haram – DHQ

Related Posts

12MW Sahara Power Plant set to transform electricity supply across Lagos industrial hub
Business

12MW Sahara Power Plant set to transform electricity supply across Lagos industrial hub

August 27 2026
MMIA renovation controversy – Punch
Business

FAAN faces backlash over N30,000 airport taxi fare

August 27 2026
Nigeria records 8.51m terabytes of data use in H1 – NCC
Business

Nigeria records 8.51m terabytes of data use in H1 – NCC

August 27 2026
Dangote Refinery expands free fuel delivery to Kano, Imo, others, targets lower pump prices
Business

Dangote Refinery raises petrol price to N1,200 per litre

August 26 2026
South-West Investment Summit holds Sept 4
Business

South-West Investment Summit holds Sept 4

August 26 2026
NNPC, partners advance $21bn Bonga offshore project
Business

NNPC, partners advance $21bn Bonga offshore project

August 25 2026
Next Post
Insurgency: Military winning war against Boko Haram – DHQ

Insurgency: Military winning war against Boko Haram - DHQ

Jimi Agbaje joins Lagos guber race

Jimi Agbaje joins Lagos guber race

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Kano, Sokoto, others spend N53.2bn on scholarships abroad

INEC fixes Sept 19 for Kano Assembly by-election

by The Editor
August 27 2026
0

...

Awujale: Ruling House sues Ogun, kingmakers

Awujale: Ruling House sues Ogun, kingmakers

by The Editor
August 25 2026
0

...

Umahi’s son wins Ohaozara chairmanship as APC sweeps all Ebonyi LGAs

Umahi’s son wins Ohaozara chairmanship as APC sweeps all Ebonyi LGAs

by The Editor
August 24 2026
0

...

Adeleke chairmen seize Osun LG secretariats

Adeleke chairmen seize Osun LG secretariats

by The Editor
August 18 2026
0

...

APPOINTMENTS

Tinubu swears in Enitan as new Head of Service

Tinubu swears in Enitan as new Head of Service

by The Editor
August 28 2026
0

...

Tinubu names new Head of Service

Tinubu names new Head of Service

by The Editor
August 19 2026
0

...

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

by The Editor
August 8 2026
0

...

Police IG deploys new CPs to eight states, other formations

Police IG deploys new CPs to eight states, other formations

by The Editor
August 7 2026
0

...

ODDITIES

Umahi files N2.5b defamation lawsuit against bloggers

Umahi files N2.5b defamation lawsuit against bloggers

by The Editor
August 26 2026
0

Scavengers strip Lagos bridges, homes in widespread theft

Scavengers strip Lagos bridges, homes in widespread theft

by The Editor
August 25 2026
0

Man sets mother on fire in Cross River over witchcraft accusation

Man sets mother on fire in Cross River over witchcraft accusation

by The Editor
August 20 2026
0

GLOBAL NEWS

WHO declares global health emergency over Ebola outbreak in Congo, Uganda

WHO confirms Uganda Ebola-free, as virus continues spread in DRC

by The Editor
August 28 2026
0

...

Nepal flash floods claim160 lives, hundreds still missing after deadly surge

Nepal flash floods claim160 lives, hundreds still missing after deadly surge

by The Editor
August 27 2026
0

...

US pauses immigrant visa applications worldwide

US pauses immigrant visa applications worldwide

by The Editor
August 27 2026
0

...

Iran, Oman agree temporary Strait of Hormuz corridor

Iran, Oman agree temporary Strait of Hormuz corridor

by The Editor
August 27 2026
0

...

Uganda President’s son Muhoozi announces 2031 presidential bid

Uganda President’s son Muhoozi announces 2031 presidential bid

by The Editor
August 27 2026
0

...

State of the States

Kaduna pays N6.7bn monthly on inherited loans, says Uba Sani

Kaduna pays N6.7bn monthly on inherited loans, says Uba Sani

by The Editor
August 28 2026
0

...

Abia traditional rulers endorse Gov. Otti for second term

Abia State begins payment of N61.8bn gratuity arrears

by The Editor
August 25 2026
0

...

Kaduna State approves N300m for KASU lecturers

Kaduna State approves N300m for KASU lecturers

by The Editor
August 24 2026
0

...

Cross River governor assures SPAR fire victims of govt support, promises immediate intervention

Cross River governor assures SPAR fire victims of govt support, promises immediate intervention

by The Editor
August 24 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Ayra Starr to headline NFL London Game halftime show

Ayra Starr to headline NFL London Game halftime show

August 28 2026
Atiku faults Tinubu over cash transfer programme

Atiku faults Tinubu over cash transfer programme

August 28 2026
Kaduna pays N6.7bn monthly on inherited loans, says Uba Sani

Kaduna pays N6.7bn monthly on inherited loans, says Uba Sani

August 28 2026
Peter Obi demands urgent action after mass abduction in Niger

Peter Obi demands urgent action after mass abduction in Niger

August 28 2026

EDITORIAL REVIEW

Mass presence of governors in off-cycle elections – Punch

Mass presence of governors in off-cycle elections – Punch

by The Editor
August 27 2026
0

Clerics must preach peace, not division – Punch

Clerics must preach peace, not division – Punch

by The Editor
August 25 2026
0

Tax reform: Northern senators in closed-door meeting as bill scales second reading

Tax reform must end multiple taxation – Punch

by The Editor
August 24 2026
0

BREAKING: Kidnapped Oyo pupils, teachers regain freedom

Terror victims deserve care – Punch

by The Editor
August 21 2026
0

Unfilled tertiary education spaces debacle – Punch

Unfilled tertiary education spaces debacle – Punch

by The Editor
August 20 2026
0

Opinion

‘Fake’ Agency: Adeyemi insists DG appointment genuine

Fake agencies: Why Nigeria still needs Oronsaye report

by The Editor
August 25 2026
0

...

How Adeleke danced back from the dead

How Adeleke danced back from the dead

by The Editor
August 19 2026
0

...

Adeleke’s win and the cost of winning at all costs

Adeleke’s win and the cost of winning at all costs

by The Editor
August 18 2026
0

...

Airtime credit dispute and need for clarity

Airtime credit dispute and need for clarity

by The Editor
August 5 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.