Silvex to manage multi-billion naira rice mill in Kogi

Silvex International Limited, a flourishing agribusiness and logistics company, has revealed that it completed the signing of agreement with the Kogi State Government on the leasing and management of Ejiba rice mill as a measure to sustain and encourage agricultural productivity and stimulate economic growth in the state.

Disclosing this to newsmen in Kano, the managing director/chief executive officer of Silvex, Alhaji Abubakar Karfi, said the company, which is wholly indigenous, had been expanding its operations rapidly in recent years. He added that the company focused on commodity aggregation, processing and trading, and planned to invest billions of naira in the agricultural sector in Kogi State.

He explained that with this new lease agreement, the agribusiness company is poised to inject fresh vitality into the Ejiba Rice Mill Factory. By leveraging advanced technologies, streamlined processes and sustainable agricultural practices, the company intends to revitalise production operations and optimise output.

According to him, the agreement reached was facilitated by the secretary to the state government, Dr Mrs Ayoade Folashade Arike, who signed the agreement on behalf of the Kogi State Government.

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The rice mill was one of the projects of the immediate past administration of Yahaya Bello, situated in Yagba West Local Government Area. It has been recognised as a cornerstone of the state’s agricultural sector. However, in recent years, operational challenges have hindered its full capacity utilisation, prompting the need for intervention and modernisation.