By Ebele Iyke-Odili/Amaka Isikala
The Anambra State Commissioner for Industry, Mr. Christian Udechukwu, has assured the Management of Maximum Cap Rice of the Ministry’s support to enable the newly established rice mill in Umuokpu Awka, to thrive.
Receiving the Chief Executive Officer and his team in his office, Mr. Udechukwu described their investment decision as a welcome development that aligns with Governor Chukwuma Soludo’s vision of modernizing agriculture, expanding the agro-industrial value chain, and boosting food security across the state.
According to the commissioner, the establishment of the rice mill is a contributive factor to the state’s industrialization drive.
He outlined support packages available through the ministry in partnership with the Bank of Industry (BOI).
The packages include, microfinance package of ₦5 million, which is structured as half grant and half credit with a 5% interest rate, as well as a higher funding package from ₦10 million and above, with a 9% interest rate, payable within three to four years, requiring a guarantor.
Mr. Udechukwu reiterated that the Ministry remains committed to supporting genuine investors who are embracing the Governor’s Aku Luo Uno (think-home) philosophy by bringing their investments back to Anambra State.
Speaking, the CEO of Maximum Cap Rice said his decision to establish the factory in his hometown was inspired by the good works of Governor Soludo and the call for Ndi Anambra to invest at home.He noted that the factory, though newly commissioned, holds great promise for job creation and community development.
He commended the state government for its support and pledged that Maximum Cap Rice would continue to contribute to the state’s economic growth.
