Business and Economy

Cross River, Thai firm to build Rice City in Africa

The Cross River State government and a Thai firm, Thai-Africa Corporation have signed a Memorandum of Understanding (MoU) for the development of what would be the first Rice City in Africa, in the Southsouth state.

The agreement was signed at a ceremony in Bangkok, the capital of Thailand.

Cross River State Governor, Prof Ben Ayade signed on behalf of his state while Ms. Pantipa Dhangom, the Executive Director of the Thai – Africa Corporation, signed on behalf of her organisation.

Since assuming office, Governor Ayade has pledged to make the state  the number one rice producer in the country.

According to the MoU, Thai-Africa will be the core investor, who will develop the Rice City project in partnership with Cross River State government.

Details of the project as highlighted in the MoU indicate that the Rice City will have a solar mediated and automated rice seedling and nursery propagation centre, rice plantation with irrigation infrastructure and mill including packaging and distribution.

The centre will also have an Agriculture Training Centre, whic will oversee the development of various economic crop projects including but not limited to oil palm, sugar cane, cassava, maize, soya beans and more.

It will also have a full mechanised site clearing, planting, weeding and harvesting equipment.

Thai-Africa Corporation is to facilitate international funding for the execution of the various projects.

The business relationship is expected to attract multi-billion dollars investment into Cross River State.

 The Nation

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