FEDERAL GOVERNMENT TARGETS SIX BILLION NAIRA FROM CONCESSION OF TWENTY SILOS

The Federal Government is to get about 6 billion naira from the concession of 20 silos in different parts of the country to private sector operators.

Minister of Agriculture and Rural Development, Audu Ogbeh, said in Abuja that the Federal Executive Council approved the plan at its meeting presided over by President Muhammadu Buhari yesterday.

The minister said the concession of the 20 silos will be for a period of 10 years.

Ogbeh explained that despite the concession, the Federal Government remains the owner of the 20 silos as the deal could be revoked or renewed after the 10-year period.

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