Tuesday, June 22, 2021

Rice Processor Encourages Investment in Food Production

Chief Executive Officer Ofana Paul of Santuscom Agro Hub, the producer of Ogoja Rice, has called on investors to put in resources into food production in the country amid the COVID-19 pandemic.

Chief Executive Officer Ofana Paul of Santuscom Agro Hub, the producer of Ogoja Rice, has called on investors to put in resources into food production in the country amid the COVID-19 pandemic.

He disclosed this in a statement signed by Ebriku John Friday, the firm’s media consultant, through which he announced that there is a great investment opportunity with his firm in rice production, tagged the ‘Ogoja Rice Investment Opportunity’.

Food security through adequate supply and the consistent protection of domestic production in Nigeria, especially for staples like rice,  is a major issue, and with a post-COVID food security crisis impending, there is a need for massive investment in food production.

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The current economic situation in the country – a strain marked by growing hunger and a looming food crisis – requires more investment in food production, just as a handful of renowned agricultural organizations had predicted.

Paul said his company Ogoja Rice resulted from a decision to embark on a massive investment in the rice value chain and compete in the market. It now holds a large share of the entire market in Nigeria, as well as other West and Central African countries.

“Ogoja Rice is of the cali55 rice specie and our rice field currently sits on 1, 000 hectares of land in Santuscom Agro Park in Ogoja, Cross River State.

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“Right now we are already expanding to 3, 000 hectares because of the increasing demand for the commodity. Currently, we are producing 30 tonnes daily.

“It is pertinent to state here that the Ogoja Rice project has over 300 out-growers and it is a movement to make Nigeria rice sufficient, hence we are making it known to people that investing in Ogoja Rice, in particular, is far profitable than businesses like crude oil, bitcoin, cryptocurrency, bets, and others.”

 

 

 

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