The Edo Fadama III project office says that it has funded the cultivation of additional 280 hectares of rice in Edo South Senatorial District for the 2018 planting season.
Mr Edward Izevbigie, the Project Coordinator, Edo Fadama III Additional Financing, disclosed this in Benin.
Izevbigie explained that 280 farmers were selected from Ovia North East and Ovia South West Local Government Areas in the zone to plant one hectare of rice each.
The coordinator said the office had a target of about 3,000 hectares of rice fields to fund this year
He said that the funding was made possible because the State Government had met the eligibility criteria to participate in the programme by paying its counterpart fund for the Fadama III additional financing.
He said the state government had also signed a Memorandum of Understanding (MOU) with Agrotech Nigeria Limited as the up-taker of all the produce after harvest.
The coordinator said that the MoU stipulated that the produce would be bought off at the prevailing market price.
Izevbigie said that Agrotech had the capacity to process 40 metric tonnes of rice per day.
According to him, Fadama III additional financing project covers only two crop value chains of rice and cassava.
Izevbigie said:”the varieties of crops chosen for the project are the faro- 44 long rice grain and TMS419 and TMS3572 cassava. ”
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