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Ahead of the commissioning and operation of the 32-metric tons per hour Rice Mill in Imota, Ikorodu, Lagos State Government has handed over the management of the facility to private investor for efficient running.

Governor Babajide Sanwo-Olu, on Wednesday, presided over the ceremony where officials of the State Government signed a Memorandum of Understanding (MoU) with WACOT Rice Limited, a subsidiary of TGI Group.

The private firm is to provide operational support and manage the mill for nine months in the first instance through Joint Venture. The partnership is subject to renewal subsequently.