Harmony Holdings Ltd has expressed her readiness to be an active partner on behalf of Kwara State Government in the innovative Integrated Rice Production Project (IRPP) being undertaken with Kohath Investment Group.

This assurance was given by the Group Managing Director/CEO, Harmony Holdings Ltd, Mr. Tope Daramola during a courtesy visit by the Management of Kohath Investment Group to the corporate Head Office of Harmony Holdings Ltd.

Mr. Daramola stated that Harmony Holdings Ltd as a Special Purpose Vehicle (SPV) for attracting genuine and legitimate investment concerns for the development of Kwara State will bring to the partnership, core values of professionalism to ensure its overall success. He further stated that the percentage of interest in the project being taken on behalf of the Kwara State Government by Harmony Holdings represents critical capital value and not just idle fund.

Citing as example the success story that has been Shonga Farm Holdings Ltd, he assured the Management of Kohath Investment Group that they could not have come to a better place for the rice production project, as Kwara State is one of the most ready States for agribusiness in the Federation. Mr. Daramola also used the opportunity to encourage the investors to leverage on Harmony Holdings clout and influence, especially in facilitating necessary intra-governmental approvals and community relations.

The Managing Director/CEO Kohath Investment Group, Mr. Teni Eleoramo, while responding on behalf of the Company stated that the Kohath Rice Company (KRC) Integrated Rice Production Project was conceived to further develop local capacity in rice production through an innovative integrated system that provides value to all stakeholders in the value chain. Upon completion, Mr. Eleoramo stated that the project will deliver 80,000 Metric Tonnes of high quality long grain parboiled rice to the Nigerian market and empower an estimated 3,000 agrarian families through the out grower and facility sharing scheme.

He further stated that though the Company is vastly experienced in Public Private Partnership (PPP) projects, having executed some across the Federation (including the FCT Abuja), what they met on ground is quite encouraging and it buttresses the fact that Kwara State is indeed at the fore-front of revolutionising agriculture business in Nigeria.

The investor, Kohath Investment Group (KIG) is a wholly owned Nigerian Company with business interest in agriculture, real estate development, mining, energy and trading. It is committed to positively contributing to the Gross Domestic Product (GDP) of Nigeria.