Nigerian subsidiary of Tropical General Investments Group, WACOT Rice Limited has partnered with United States Agency for International Development (USAID) through its West Africa Trade & Investment Hub to support its rice out-grower scheme in Argungu, Kebbi State, Nigeria.
The USAID West Africa Trade Hub grant of $1.48 million will directly support WACOT’s Rice Outgrower Expansion Project in which the company is investing $8.6 million, allowing to onboard an additional 5,143 rice farmers over the next 2 years.
Habiba Suleiman, Strategy and Business Development Manager at WACOT says:
“We are excited to partner on this, as it is in keeping with our commitment to supporting the attainment of food security in Nigeria. Also, the improved livelihoods of smallholder farmers in the region speak to our desire to continually add value to our communities.”
WACOT Rice Limited is a rice processing company that operates a state-of-the-art rice mill in Nigeria which is one of the largest mills in Africa.
The company produces two leading brands of parboiled rice i.e. Big Bull and Patriot.
Its parent company Tropical General Investments Group has diversified interests and investments in Nigeria, Republic of Benin, Ghana, Ivory Coast, South Africa, Morocco, U.A.E. India, China and several other emerging markets, cutting across Fast Moving Consumer Goods, Food & Agriculture, Chemicals & Pharmaceuticals and other business interests.