Ade Adesomoju, Abuja
The Federal Government is to get about N6bn from the concession of 20 silos in different parts of the country to private sector operators.
The Minister of Agriculture and Rural Development, Audu Ogbeh, told State House correspondents in Abuja that the Federal Executive Council approved the plan at its meeting presided over by President Muhammadu Buhari on Wednesday.
According to Ogbeh, who briefed reporters after the council’s meeting, the concession of the 20 silos will be for a period of 10 years.
He said despite the concession, the Federal Government remained the owner of the 20 silos as the deal could be revoked or renewed after the 10-year period.
The minister stated, “FEC approved the concession of 20 silos, most of them with a capacity of 100,000 tonnes each, after council members were convinced about the positive benefits accruable to the country…
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