Lagos State Governor, Mr. Babajide Sanwo-Olu, has said that the State’s multi-billion naira 32-metric tonnes per hour rice mill at Imota, Ikorodu, will be completed in the first quarter of 2021.
He said this, yesterday, at the FATE Foundation’s 5th Annual Virtual Alumni Conference.
Sanwo-Olu said that the mill, when operational, would ensure a steady supply of freshly processed rice of about 2.4 million bags of 50kg per annum to Lagosians, in addition to over 250,000 jobs to be created in the upstream and downstream sectors of the rice value chain.
The governor said his administration would launch another N5billion support to assist the Lagos State Employment Trust Fund (LSETF) to empower Small and Medium Enterprises (SMEs) and improve the skills of entrepreneurs, with a view to serving residents and creating a thriving small businesses’ economy.
The founder, FATE Foundation, Mr. Fola Adeola, said the organisation was founded to harness the strong entrepreneurial culture of Nigerians by providing business incubation, growth enablement and accelerator support required to explore their innovative potential.
Its Executive Director, Adenike Adeyemi, said the mission of the organisation is to foster wealth creation by promoting business and entrepreneurial development among Nigerians.
