WACOT Rice Eyes 60,000 Jobs Via Argungu Project

May 26, 2021
WACOT Rice Jobs

By Modupe Gbadeyanka

No fewer than 60,000 jobs would be created across Nigeria and West Africa by WACOT Rice Limited through its partnership with the USAID on the rice outgrower expansion project.

“The core objective of establishing WACOT in Argungu and the launching of this partnership today is to create a catalyst for investment and provide grants to more farmers,” the Deputy Chief of Party for USAID’s West Africa Trade and Investment Hub (WATIH) project, Mr Karl LittleJohn.

“We want to show that we can create jobs. And we want to also increase trade investment with our partners across West African countries,” Mr LittleJohn added.

Mr Farouk Gumel, the Chairman of WACOT Rice, a subsidiary of TGI Group, which is based in Argungu, Kebbi State, said over 2,000 jobs have been created by the company due to the USAID partnership. He stated that the expansion of the company has given opportunities for more farmers to cultivate more land for rice production.

“When the company was established in 2017, we hardly sold our product for the first three months because customers were demanding for foreign rice but today, we steadily sell Nigerian rice and people continue to ask for it. Many people have shown interest in becoming our agents and marketers,” Mr Gumel said.

Earlier, the United States Ambassador to Nigeria, Mary Bert Leonard had said that the US government’s partnership with WACOT was to sustain food security and creation of more jobs in Nigeria.

She said more than $8 million (about N3.1 billion) would be injected into the economy through the partnership.

In his remarks, the Kebbi State Governor, Mr Abubakar Atiku Bagudu, said the presence of WACOT Rice in the state has positively impacted its economy, adding that the development attracted the USAID investment.

He commended the company for always being active since it commenced its operations in the state, stressing that many women have benefited from their farmers’ empowerment.

Through the partnership with USAID, WACOT Rice is registering an additional 5,143 farmers to complement its already existing outgrower network in the state.

They will cultivate over 5,000 additional hectares of land, thereby producing over 20,000 tons of paddy which will be utilised at WACOT Rice’s 120,000-ton rice mill in Argungu.

The mill was commissioned by the Vice President, Prof. Yemi Osinbajo in 2017. It produces premium household brands of parboiled rice.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Leave a Reply

Dangote Fertiliser
Previous Story

Dangote Promises to Woo More Investors to Tanzania

Next Story

NCDMB Targets $3.7bn from Commercial Ventures Investment

Latest from Jobs/Appointments

Don't Miss