{"id":827,"date":"2020-03-16T06:24:44","date_gmt":"2020-03-16T05:24:44","guid":{"rendered":"http:\/\/towncryyers.com\/?p=827"},"modified":"2020-03-16T06:29:37","modified_gmt":"2020-03-16T05:29:37","slug":"nigerian-business-mogul-cosmas-maduka-launches-35-million-rice-mill-in-anambra-state","status":"publish","type":"post","link":"https:\/\/towncryyers.com\/index.php\/2020\/03\/16\/nigerian-business-mogul-cosmas-maduka-launches-35-million-rice-mill-in-anambra-state\/","title":{"rendered":"Nigerian Business Mogul Cosmas Maduka Launches $35 Million Rice Mill In Anambra State"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By Mfonobong Nsehe<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nigerian business mogul Cosmas Maduka, one of Nigeria\u2019s most\nsuccessful businessmen, has built a rice processing mill in Anambra, a state in\nNigeria\u2019s southeastern region, at a reported cost of $35 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to a report by ThisDay, the rice mill which was\nconstructed by Coscharis Farms, a subsidiary of the Cosharis Group which Maduka\ncontrols, was officially launched last Tuesday at a ceremony in Anambra\nattended by Nigeria\u2019s Central Bank Governor, Godwin Emefiele and various\nNigerian state governors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The first phase of the rice mill which has a milling\ncapacity of 40,000 MT per annum was launched on Tuesday, but the entire project\nis expected to have an annual milling capacity of 120,000 MT when completed by\nthe end of 2020 according to a press statement by Maduka.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"720\" data-attachment-id=\"832\" data-permalink=\"https:\/\/towncryyers.com\/index.php\/2020\/03\/16\/nigerian-business-mogul-cosmas-maduka-launches-35-million-rice-mill-in-anambra-state\/10212487_1021099510201839fbimg1568150352875jpeg2a20b38c7baddba3b3cb8bcd9c6a1279jpegjpegd8ccfd9ee1107cc30336af4314b03886_jpeg_jpeg2fd5b461f7dcb051d602ef6c8c7cc9e0\/\" data-orig-file=\"https:\/\/i0.wp.com\/towncryyers.com\/wp-content\/uploads\/2020\/03\/10212487_1021099510201839fbimg1568150352875jpeg2a20b38c7baddba3b3cb8bcd9c6a1279jpegjpegd8ccfd9ee1107cc30336af4314b03886_jpeg_jpeg2fd5b461f7dcb051d602ef6c8c7cc9e0.jpg?fit=960%2C720&amp;ssl=1\" data-orig-size=\"960,720\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"10212487_1021099510201839fbimg1568150352875jpeg2a20b38c7baddba3b3cb8bcd9c6a1279jpegjpegd8ccfd9ee1107cc30336af4314b03886_jpeg_jpeg2fd5b461f7dcb051d602ef6c8c7cc9e0\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/towncryyers.com\/wp-content\/uploads\/2020\/03\/10212487_1021099510201839fbimg1568150352875jpeg2a20b38c7baddba3b3cb8bcd9c6a1279jpegjpegd8ccfd9ee1107cc30336af4314b03886_jpeg_jpeg2fd5b461f7dcb051d602ef6c8c7cc9e0.jpg?fit=300%2C225&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/towncryyers.com\/wp-content\/uploads\/2020\/03\/10212487_1021099510201839fbimg1568150352875jpeg2a20b38c7baddba3b3cb8bcd9c6a1279jpegjpegd8ccfd9ee1107cc30336af4314b03886_jpeg_jpeg2fd5b461f7dcb051d602ef6c8c7cc9e0.jpg?fit=960%2C720&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/towncryyers.com\/wp-content\/uploads\/2020\/03\/10212487_1021099510201839fbimg1568150352875jpeg2a20b38c7baddba3b3cb8bcd9c6a1279jpegjpegd8ccfd9ee1107cc30336af4314b03886_jpeg_jpeg2fd5b461f7dcb051d602ef6c8c7cc9e0.jpg?resize=960%2C720&#038;ssl=1\" alt=\"\" class=\"wp-image-832\" srcset=\"https:\/\/i0.wp.com\/towncryyers.com\/wp-content\/uploads\/2020\/03\/10212487_1021099510201839fbimg1568150352875jpeg2a20b38c7baddba3b3cb8bcd9c6a1279jpegjpegd8ccfd9ee1107cc30336af4314b03886_jpeg_jpeg2fd5b461f7dcb051d602ef6c8c7cc9e0.jpg?w=960&amp;ssl=1 960w, https:\/\/i0.wp.com\/towncryyers.com\/wp-content\/uploads\/2020\/03\/10212487_1021099510201839fbimg1568150352875jpeg2a20b38c7baddba3b3cb8bcd9c6a1279jpegjpegd8ccfd9ee1107cc30336af4314b03886_jpeg_jpeg2fd5b461f7dcb051d602ef6c8c7cc9e0.jpg?resize=300%2C225&amp;ssl=1 300w, https:\/\/i0.wp.com\/towncryyers.com\/wp-content\/uploads\/2020\/03\/10212487_1021099510201839fbimg1568150352875jpeg2a20b38c7baddba3b3cb8bcd9c6a1279jpegjpegd8ccfd9ee1107cc30336af4314b03886_jpeg_jpeg2fd5b461f7dcb051d602ef6c8c7cc9e0.jpg?resize=768%2C576&amp;ssl=1 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Coscharis Farms Limited, a subsidiary of Coscharis Group, is\nan integrated rice processor that started operations in 2014 to meet part of\nthe estimated 5.9 million MT annual rice demand in Nigeria. Coscharis Farms\ncurrently has close to 3,000 hectares of land for rice cultivation in Anambra\nand an irrigation system on its farm to enable multi\u2010cycle rice cultivation.\nCoscharis Farms has a robust farmer out\u2010grower development programme within\nAnambra State, and its environs that aims to reach thousands of farmers that\ncould provide rice paddy to its mill when completed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe want to process paddy harvested from our farm into best\nquality rice. We want to contribute significantly to the government\u2019s efforts\nto ensure food sufficiency through local production of rice. In addition, we\nwant to set the pace for production of best quality local rice that will cause\nour people to change their preference from imported rice to locally milled rice\nwhich is known to be rich with important nutrients,\u201d Maduka said at the launch\nof the rice mill.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nigerians consume more than 5 million metric tons of rice\nevery year, with a significant portion of its consumption needs sourced from\nimports.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"1031\" data-attachment-id=\"829\" data-permalink=\"https:\/\/towncryyers.com\/index.php\/2020\/03\/16\/nigerian-business-mogul-cosmas-maduka-launches-35-million-rice-mill-in-anambra-state\/630201923918_cosmas_maduka\/\" data-orig-file=\"https:\/\/i0.wp.com\/towncryyers.com\/wp-content\/uploads\/2020\/03\/630201923918_cosmas_maduka.jpg?fit=800%2C1031&amp;ssl=1\" data-orig-size=\"800,1031\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"630201923918_cosmas_maduka\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/towncryyers.com\/wp-content\/uploads\/2020\/03\/630201923918_cosmas_maduka.jpg?fit=233%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/towncryyers.com\/wp-content\/uploads\/2020\/03\/630201923918_cosmas_maduka.jpg?fit=795%2C1024&amp;ssl=1\" src=\"https:\/\/i2.wp.com\/towncryyers.com\/wp-content\/uploads\/2020\/03\/630201923918_cosmas_maduka.jpg?fit=795%2C1024&amp;ssl=1\" alt=\"\" class=\"wp-image-829\" srcset=\"https:\/\/i0.wp.com\/towncryyers.com\/wp-content\/uploads\/2020\/03\/630201923918_cosmas_maduka.jpg?w=800&amp;ssl=1 800w, https:\/\/i0.wp.com\/towncryyers.com\/wp-content\/uploads\/2020\/03\/630201923918_cosmas_maduka.jpg?resize=233%2C300&amp;ssl=1 233w, https:\/\/i0.wp.com\/towncryyers.com\/wp-content\/uploads\/2020\/03\/630201923918_cosmas_maduka.jpg?resize=795%2C1024&amp;ssl=1 795w, https:\/\/i0.wp.com\/towncryyers.com\/wp-content\/uploads\/2020\/03\/630201923918_cosmas_maduka.jpg?resize=768%2C990&amp;ssl=1 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Cosmas Maduka, 60, is the founder of Coscharis Group, one of\nNigeria\u2019s largest privately-owned conglomerates with businesses and interests\nthat span across various sectors of the Nigerian economy: car dealerships,\nfoods &amp; beverages, engineering and agriculture.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Mfonobong Nsehe Nigerian business mogul Cosmas Maduka, one of Nigeria\u2019s most successful businessmen, has built a rice processing mill in Anambra, a state in Nigeria\u2019s southeastern region, at a reported cost of $35 million&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[9],"tags":[197,198],"class_list":["post-827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-cosmas-maduka","tag-rice-mill"],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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