N5bn Forward Contracts
As Eko Rice Hits Market
Lagos State Governor, Bababjide Sanwo-Olu on Wednesday, officially launched the N5 billion Eko Rice Forward Contract Programme, rice produced from the Lagos State-owned 32-metric tonnes per hour Imota Rice Mill in Ikorodu.
The Forward Contract, which is a joint initiative of the Government-owned Lagos State Rice Company, LASRICO, and Commodities Tradenet Limited, is the first series of the N30 billion Private Commodity Notes Issuance Programme facilitated by the Lagos State Government to ensure undisrupted paddy supply, enhance quality management, transaction efficiency and transparency.