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June 21, 2024

Niger, TGI Sign Off-taker Agreement to Boost Agricultural Development

The Niger State Government has officially endorsed a framework agreement for commodities off-taking, establishing a partnership between Niger Food Security and Logistics Company, a state-based limited liability entity, and Tropical General Investments (TGI), a privately-owned company.

The signing ceremony, attended by Governor Umar Mohammed Bago, witnessed the joint agreement between Sammy Adigun, Chairman of Niger Foods, and Sadik Kassim, Executive Director of TGI Group. 

Notable figures such as Mal Faruk Gumel, Executive Vice Chairman of TGI, and the Chairman of Union Bank Plc were also present.

As outlined in a statement by Abdullberqy Usman Ebbo, the Special Adviser on Digital Media and Strategy to the Governor, this collaboration aims to strengthen initiatives for food security and stimulate economic diversification within Niger State.

“In this arrangement, the Niger State Government, acting as the producer, will handle the cultivation, harvesting, aggregation, and sales of rice paddy, soya beans, maize, and sesame seeds. 

“The off-taker, Tropical General Investments, will manage the transportation, logistics, and purchase of the farm produce.”

This transaction is geared towards producing 600,000 to 1 million tons of food annually over the next five years.

Governor Bago highlighted that this production initiative will engage more than 100,000 farmers operating on over 100,000 hectares across Niger State and will contribute over N1 trillion to the state’s economy each year.

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