The General Manager of Labana Rice Mills Company in Kebbi State, Alhaji Alhassan Usman, has attributed the current inflation in the country and shortage of foodstuffs to prolonged border closure and the inability of Millers to produce enough rice.
Speaking with journalists in his office in mid-week, Usman called on the federal government to empower Millers with funds in order to produce enough rice to complement the expected food security for the nation.
“Let the federal government assist Millers with loans to enhance their capacity production just like it has done previously, and this time around with an amendment by giving the funds directly to Millers, not individuals or organisations, but directly to farmers.”
With the current inflation, Millers, as producers of rice, corn, wheat, and oil, needed urgent help assisting their companies with sufficient funds to enhance their production capacity.
Alhaji Usman stated that Labana Company, which recently began producing three trucks per day, attributed this increase to the current inflation in the country.
He mentioned that a 50-kg bag previously sold for N38,000 to N40,000, now sells for N60,000 due to the current inflation caused by the devaluation of the naira against the dollar.
The General Manager explained that his company has invested about N1 billion in suppliers of paddy rice.
However, due to the scarcity of the product caused by insecurity, the supply has stagnated. Consequently, the company has been forced to rely on its limited reserves to operate on a skeleton basis.
He commended the owners of Labana Rice Mill Company for their dedication and resilience in maintaining their services, as well as for reducing unemployment by providing employment opportunities for thousands of youths within and outside Kebbi State.
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