In its bid to boost rice production in the state, the Bauchi State Government has announced that it will enter a partnership deal with JAIZ Bank and Tiamin Integrated Rice Company.
JAIZ Bank is a non-interest bank operating under Islamic banking principles regarded as the first non-interest bank to be established in Nigeria.
Making the disclosure on Monday, Governor Bala Mohammed, while receiving JAIZ Bank’s Managing Director, Malam Hassan Usman, and Tiamin’s Chief Executive Officer, Alhaji Aminu Tiamin, during their courtesy visit made, assured of the state’s readiness for the project.
The governor explained that the state government would partner with both firms to boost the economy of rice farming in the state.
He added that the state had made the needed provisions including some land along the Maiduguri Road to support the rice production company.
Mohammed further assured the partners that the state government will be a major off-taker of the rice production company.
According to him, this would make for a level playing ground as well as a conducive environment for the parties to operate.
On his part, Usman, the MD of Jaiz Bank, pointed out that its partnership with Tiamin in rice production has been a success in Kano State.
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Usman, therefore, called on the Bauchi state government to join the partnership considering its size of arable land as a comparative advantage.
Meanwhile, the CEO of Tiamin, Aminu Tiamin, while also speaking, called for cooperation and support of the state government to operate successfully.
He stated:
Bauchi state has a large number of rice farmers that will encourage the expansion of earlier production capacity.
We are expanding the production capacity for the state to benefit from employment of 400 permanent staff and 600 casual staff indigenes of Bauchi.
