In what many consider as a boost for intra-continental trade and a positive contribution to the African Continental Free Trade Area Agreement (AfCFTA), the government of Benin Republic has offered a Nigerian company 30,000 hectares of land for rice production.
Alhaji Abdullahi Idris-Zuru, the General Manager of the company identified as Labana Rice Mills disclosed this high impact-driven agreement in Kebbi state -Nigeria.
“A total of 30,000 hectares of farmland is being made available in the Benin Republic to Labana Rice Mills for the cultivation of rice. These resolutions were made during a joint meeting of Beninese Government officials with Labana Rice Mills delegation at Cotonou, the country’s capital last weekend,” he said.
The Manager added that, “the meeting with the Labana delegation led by the Chairman Abubakar Abbah-Adamu, was chaired by the Benin Minister of Agriculture, Mr. Gaston Dossouhoui. The report has convinced the government of Labana Rice Mills’ capacity to be a reliable partner in agriculture.”
According to the arrangement, the company, Labana Rice Mills will aid farmers by way of financing their operation through the Benin Republic government.
The grant of the massive farmland came after the Beninese government made some assessment on the company and found it satisfactory. With this grant in place, the company estimated a production capacity of 20,000 metric tons of paddy rice in 2022.