Concession of silos to be reviewed, says FG

Agribusiness

 

The Federal Government has said it would review the concession of silos that were leased to private firms in the country.

The Minister of Agriculture and Rural Development, Alhaji Muhammad Nanono, said this during an inspection of facility at the 250, 000 capacity metric tonnes silos in Jahun Local Government Area of Jigawa State.

The minister said the Federal Government would revoke the license of any concessionaire who failed to meet the terms of its agreement with the ministry.

Nanono said the review of the concession agreement would be done to determine if they met the necessary conditions set by the government before the concession arrangements.

He said while firms that met the terms of the concession agreement would be allowed to continue operations, the licences of those that did not meet their obligations would be revoked.

He said, “I am here to see some of the silos leased to the companies and see whether they are doing the job in accordance with the concession agreement.

“We will review all the concessions to see if they met the necessary conditions. If they do, we allow them to continue and revoke those who do not comply.”

The minister noted that the silos were provided in different parts of the country for strategic reserves and enhance the food security programme of the Federal Government.

He said the facilities were also designed to mop up excess grains during the harvest season for preservation and price stability.

 

Source: The Punch

 

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