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FMARD With BOI Rice & Cassava Intervention Fund

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Rice & Cassava Intervention Fund

  • BOI is the designated fund manager of the N13.6billion rice and Cassava fund based on the MOU executed by the Federal Ministry of Agriculture and Rural Development (FMARD) and the Bank of Industry on October 23, 2014.
  • The Fund which has defined hallmarks has to be utilized solely for the establishment of ten (10) medium scale Rice Mills of about 36,000 metric tons of paddy per annum and six (6) High Quality Cassava Flour Mills of about 18,000 metric tons of cassava tubers per annum capacity in identified locations across the nation, namely Kano, Kogi, Kebbi, Zamfara, Bayelsa, Bauchi, Benue, Ogun and Anambra States for the Rice Mills and in Ondo, Ogun, Abia, Delta, Nasarawa and Cross River States for the High Quality Cassava Flour Mills.

The Fund which is close ended, is limited to only applicants who have met all the laid down guidelines and recommended through competitive processes

 TARGET MARKET

The Fund will be accessed by Limited Liability Companies, and Enterprises engaged in adding value to the rice/cassava commodities through the setting up of milling facilities.

PROJECTED IMPACT

  • Job creation and economic empowerment of the Nigerian populace.
  • Foreign exchange savings for the nation.
  • Boost in agricultural activities.

For more information, please click here

For further enquiry, click here

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Utibe Etim is a social entrepreneur, an IT expert and a business developer. He is committed to solving some of the biggest problems in entrepreneurship eco-system by support young entrepreneurs in identifying opportunities and resources to help them plan, start and grow their businesses. He is the founder of UtibeEtim.com, a platform that focuses on promoting entrepreneurship as a viable career option and a solution to unemployment for young Nigerians and Africans which in turn create wealth and economic development. Utibe Etim develops business plans, feasibility studies, website development, social media marketing just to mention a few. He writes unique and inspiring articles and share tips on business and technology. You can connect with him on Facebook personal profile or Facebook Business page or Twitter: @Twitter or Phone: 07031542324 or or contact me on info(at)utibeetim.com or utibeman(@)gmail.com

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