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Nairaland Forum / Nairaland / General / Business / Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily (16133 Views)
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Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by jaybenugo: 5:49am On Nov 06, 2019 |
IgbereTV reports that the yesterday, the Managing Director of Tiamini Rice Mill Limited, Aminu Ahmed said that an additional sum of $13,370,500 has been invested by Tiamin Rice Mill Limited to raise its production capacity from the current 320 tonnes to 1,520 tonnes per day. Mr Ahmed made this known when he led the management team of the company on a courtesy call on the Indian High Commissioner to Nigeria, Abhay Thakur, in his office in Abuja. The MD said the policy of the present administration, especially the ban on smuggling and the interventions given to them by the Central Bank of Nigeria, have helped immensely in boosting local production of rice. Mr Ahmed that the company which was established in 2016 in Kano started production of rice in 2018 with 320 tonnes per day would expand its existing production line from 320 tonnes to 920 tonnes next year, while a new production line would start production of 600 tonnes per day in Bauchi by May 2020. He said, “We are now investing $13,370,500 to boost our production capacity to 1,520 tonnes per day. Already we have placed orders for all the machinery needed, and all arrangements are on top gear to meet the deadline we have set. By next year, we plan to become the biggest rice producers not only in Kano but in the whole country. Our watchword is quality and affordability. We produce one of the finest brands in Nigeria that can compete with foreign rice brands in terms of quality. Mr Ahmed said that the durability of the Indian machines was secret behind the quality of Tiamin Rice. He then thanked the Indian High Commission for its support and sought further cooperation in the areas of easing trade relations between his company and Indian partners. The high commissioner thanked Tiamin Rice for the courtesy call, and also for patronising Indian machines. Mr Thakur expressed hope that the policy of boosting local production would be sustained beyond the present administration to enable local industries in the country to grow. While speaking to journalists after the visit, the Managing Director of Tiamin Rice expressed his appreciation to the federal government for their support in local rice production and to the state governments for the enabling environments given to the company. http://igberetvnews.com/1114394/tiamin-rice-invests-13-4m-produce-1520-tonnes-daily/ 10 Likes 3 Shares
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Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by MANNABBQGRILLS: 6:16am On Nov 06, 2019 |
He said, “We are now investing $13,370,500 to boost our production capacity to 1,520 tonnes per day. Already we have placed orders for all the machinery needed, and all arrangements are on top gear to meet the deadline we have set. This is what we should have been doing as a nation since we got our democracy, but it is unfortunate it wasn't so. But we thank God we are getting things right in this nation after all. This is a very good step in the right direction. Everything will fall into pleasant places for us as a nation pretty soon. God bless Nigeria. Ismadotcom:God bless you real good sir! 81 Likes 9 Shares |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by peteryoung2048d(m): 6:16am On Nov 06, 2019 |
Hmmmm 1 Like 1 Share |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by Rosella1: 6:16am On Nov 06, 2019 |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by techstack: 6:17am On Nov 06, 2019 |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by dareyking(m): 6:17am On Nov 06, 2019 |
..... 1 Like 1 Share |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by MANNABBQGRILLS: 6:17am On Nov 06, 2019 |
........has been invested by Tiamin Rice Mill Limited to raise its production capacity from the current 320 tonnes to 1,520 tonnes per day. Slow and steady we are getting to a new country. A better Nigeria is all we want Nigeria will be great again in our lifetime, and if not we are building a good foundation for our unborn kids all around the nation. Imagine how much our nation would have progressed had our farmers been doing this since 1999/2000! It is well. God bless Nigeria. 37 Likes 7 Shares |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by dynicks(m): 6:18am On Nov 06, 2019 |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by marztar(m): 6:18am On Nov 06, 2019 |
Day Nigeria Grow Nigeria ... Hope say e go reach us for Christmas. 1 Like 1 Share |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by Situation001(m): 6:18am On Nov 06, 2019 |
Good 1 Like |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by Monogamy: 6:19am On Nov 06, 2019 |
Good one Slow and steady 3 Likes |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by Oziadayiokuku(m): 6:19am On Nov 06, 2019 |
Sai baba 2 Likes 1 Share |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by Young03(m): 6:19am On Nov 06, 2019 |
I never see the rice for market before 1 Like |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by Alajiki(m): 6:19am On Nov 06, 2019 |
Wow! This is great. We are marching forward. 3 Likes |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by frikpus: 6:19am On Nov 06, 2019 |
And how much is a bag of rice? |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by princemillla(m): 6:22am On Nov 06, 2019 |
We will get to the point of exporting our home grown rice. Cuz what i know about Nigeria is whatever we do we over do it to surplus. Way to go!!! 15 Likes |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by adedehinbo(m): 6:22am On Nov 06, 2019 |
At least Nigerians would be employed through this,but FG needs to set a price regulatory system to check into farmers inflating the prices 14 Likes 1 Share |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by Tokziby: 6:23am On Nov 06, 2019 |
Nigeria as a nation do not willfully change its own dire condition until we are forced to do it without an alternative. Thats the reason I keep saying that a good Military government is the best that can fix this country. Any progressive nation always use the best system of governance for its people. China, Gulf countries, United state, U.k, all practice different form of governance that best fits his people. 12 Likes 1 Share |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by puyol005(m): 6:23am On Nov 06, 2019 |
I just hope another administration will not lapse on the on going agreements, and set all these investors biting their nails. Cos them no fit close border forever. 1 Like |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by King2019(m): 6:23am On Nov 06, 2019 |
affordable should be next focus 2 Likes |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by ikorodureporta: 6:24am On Nov 06, 2019 |
Still nonsense if a bag is more than 10k. Countries focus of products with comparative advantage. we used to buy rice less than N10k, & now more than N20k...why not focus on products like oil palm. This govt's insensitive & clueless They saw how congested the ports were in Lagos & still shut d land borders 9 Likes |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by adecz: 6:26am On Nov 06, 2019 |
When a bag of local rice is costlier than the hitherto Minimum Wage of 18k. Mind you, 3Ok is still in audio form & many states will not pay . Several states could not even pay the 18k. 1 Like |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by hisgrace090: 6:27am On Nov 06, 2019 |
Tiamin rice to the rescue. We need more as I'm loving it! 2 Likes |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by Kimsunh: 6:27am On Nov 06, 2019 |
More stone for the teeth to crack. God help us 1 Like |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by obi58: 6:29am On Nov 06, 2019 |
post=83779944: Charity they say begins at home.... Let the borders also be closed on Medical Tourism and Foreign education for children of Public officials. Whether the Health and Educational sector won't be transformed if that initiative is implemented. 12 Likes |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by Jabioro: 6:31am On Nov 06, 2019 |
Right step..I hoped it will be followed to the later... gradually |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by GeoAfrikana(m): 6:34am On Nov 06, 2019 |
ikorodureporta:Try to be optimistic. With this kind of mindset, I doubt if a person can do anything great in life. Why? Because it takes time to get things right. The most important traits of great people are optimism, perseverance and continuity. Today a bag of local rice is expensive because we're new into the business. Over time, the forces of demand and supply, (public and private) funding and government policies will take effect. This is also why some people will never start anything great in their life. They think you must have 95% of requirements before starting a business. Whereas, in reality, improvisation is what you'll be doing most of the time. 22 Likes 2 Shares |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by Realdeals(m): 6:34am On Nov 06, 2019 |
ikorodureporta: Don't be lazy, what are you contributing? which part are you playing? the soil in Ikorodu supports rice production. Stop shifting blame, all you stated is every Nigerians responsibility. 13 Likes |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by Introvertedmarc: 6:35am On Nov 06, 2019 |
Hmm |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by ikorodureporta: 6:41am On Nov 06, 2019 |
GeoAfrikana: It's not about being optimistic. if yr products can't compete with others, then it's not a good product. High quality rice of less than 10k, they stopped importation to force you to eat substandard one of more than N20k... it makes no sense to me. Do you prefer the Nigerian brand? Is that what they eat in their houses?? if u see d number of people coming for food in churches these days, you won't say this 3 Likes 1 Share |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by Bizibi(m): 6:43am On Nov 06, 2019 |
I always laugh when I see news like this, Nigerians easily forget the deceptive tricks. |
Re: Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily by geosuzzy(f): 6:45am On Nov 06, 2019 |
1,5tonnes is huge tho 2 Likes |
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