Juliana Taiwo-Obalonye, Abuja
Federal Executive Council (FEC), presided over by President Muhammadu Buhari on Wednesday approved the concessioning of 20 federal government silos to private sector operators in a policy that will rake in N6 billion in 10 years.
Minister of Agriculture and Rural Development, Audu Ogbe, who gave this hit while briefing State House Correspondents after the meeting, said the Federal Government will retain six of the silos in its efforts to guarantee food security.
“The Federal Government currently has 33 of such silos, each with a capacity of 1,360,000 metric tones. We are concessioning 20 for now and we hope to retain six,” Ogbe said.
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He disclosed that the silos were being concessioned to some private sector operators with capacity to grow agric produce for exports.
“Today we presented a memo to council seeking to…
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