This Day | 20 May 2013
By Adibe Emenyonu in Benin City
A private initiative, Stallion Group, has indicated its readiness to invest in rice production in Edo State, just as the state government assured it of a conducive environment.
The disclosure was made when the Business Development Manager, Stallion Group, Mr. Sunil Dhermappa, paid a courtesy visit at Government House, Benin City. He said the company, which has vehicle assembling plants in Lagos and Kaduna, a solar energy system and agro-based activities, was desirous of replicating them in Edo State.
“We want to come here to invest and farm here, especially rice production. Our investments into local industries is to maximise manufacturing opportunities, utilisation of world class products in technologies and equipment, utilisation of abundant natural talents, alignment with government's socio-economic objectives, self-sufficiency, employment, import substitution, community development and conservation of foreign exchange.
“We have the largest capacity of rice mills in sub-Saharan Africa, with factories at strategic locations in Lagos and Kano to enhance prospects of processing local paddy and with capacity of 4 million bags per annum. With over 25 years of active presence in Nigeria, a thorough and well grounded knowledge of the Nigerian market is one of our comparative advantage", he explained.
Responding, Edo State Government said investors who want to take advantage of the enhanced infrastructure in the state would receive needed support from the government.
The Secretary to the State Government, Prof. Julius Ihonvbere, who received the group expressed satisfaction that the re-awakened infrastructure in the state by the Adams Oshiomhole- led administration is now a clear signal for investors to take advantage of the abundant potentials in the state.
He said the indication by the Stallion Group to invest in the state in the area of agriculture among others is worthwhile and assured adequate partnership to achieve the vision since it would enhance both the job creation efforts of the state government and the economic fortunes of the state.
Two of Stallion Group's rice brands that the UAE based company sells in West Africa
By Adibe Emenyonu in Benin City
A private initiative, Stallion Group, has indicated its readiness to invest in rice production in Edo State, just as the state government assured it of a conducive environment.
The disclosure was made when the Business Development Manager, Stallion Group, Mr. Sunil Dhermappa, paid a courtesy visit at Government House, Benin City. He said the company, which has vehicle assembling plants in Lagos and Kaduna, a solar energy system and agro-based activities, was desirous of replicating them in Edo State.
“We want to come here to invest and farm here, especially rice production. Our investments into local industries is to maximise manufacturing opportunities, utilisation of world class products in technologies and equipment, utilisation of abundant natural talents, alignment with government's socio-economic objectives, self-sufficiency, employment, import substitution, community development and conservation of foreign exchange.
“We have the largest capacity of rice mills in sub-Saharan Africa, with factories at strategic locations in Lagos and Kano to enhance prospects of processing local paddy and with capacity of 4 million bags per annum. With over 25 years of active presence in Nigeria, a thorough and well grounded knowledge of the Nigerian market is one of our comparative advantage", he explained.
Responding, Edo State Government said investors who want to take advantage of the enhanced infrastructure in the state would receive needed support from the government.
The Secretary to the State Government, Prof. Julius Ihonvbere, who received the group expressed satisfaction that the re-awakened infrastructure in the state by the Adams Oshiomhole- led administration is now a clear signal for investors to take advantage of the abundant potentials in the state.
He said the indication by the Stallion Group to invest in the state in the area of agriculture among others is worthwhile and assured adequate partnership to achieve the vision since it would enhance both the job creation efforts of the state government and the economic fortunes of the state.
