Bauchi State Government says it will forge a partnership deal with JAIZ Bank and Tiamin Integrated Rice Company, to boost rice production in the state.

JAIZ Bank is a non-interest bank operating under Islamic banking principles regarded as the first non-interest bank to be established in Nigeria. 

Governor Bala Mohammed made this disclosure on Monday while receiving JAIZ Bank’s Managing Director, Malam Hassan Usman, and Tiamin’s Chief Executive Officer, Alhaji Aminu Tiamin, during their courtesy visit. 

Mohammed explained that the state government would partner with both firms to boost the economy of rice farming in the state. 

The governor added that the state had made the needed provisions including some land along the Maiduguri Road to support the rice production company.

He also assured the partners that the state government will be a major off -taker of the rice production company. This, he said, would allow for a level playing ground and conducive environment for them to operate 

On his part, Usman pointed out that its partnership with Tiamin in rice production has been a success in Kano State. 

The MD, therefore, called on the Bauchi state government to join the partnership considering its size of arable land as a comparative advantage. 

Also speaking,  the CEO of Tiamin, Aminu Tiamin, called for cooperation and support of the state government to operate successfully. 

He said, “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.”

SOURCE: AGRONIGERIA