Joseph Agro Industries Ltd is partnering with the State in rice production and will be produce sufficient rice paddies for a 50,000mt rice mill. The company would also rehabilitate, manage and operate two rice mills, one at Omor and the other at Ufuma.
MOU Signing Date: 18th September, 2014
Investment Size: Two Hundred Million US Dollars (US$200m).
Land Requirement: 14,000 hectares in the Ayamelum area and 200 hectare Rice Farm and Fishery at Ufuma.