December 22, 2024 - 11:07 PM Africa/Lagos
Future investments
By increasing the planted area and improving yield per unit area using improved high yielding rice seedlings, total production will increase. The company is continually working to acquire and increase its land bank.
In order to be able to efficiently process the increased production, the processing capacity of the rice mill will be upgraded from 10 to 30 tonnes per hour in 2024. This was the first phase of the mill expansion.
Transport and workshop operations are critical to a company that moves 90,000 tonnes of rice, shipping 30,000 tonnes of products and moving thousands of tonnes of materials (fertiliser, cement, sand, fuel, etc). IAEGO, therefore, continues to invest in its fleet and workshops.
IAEGO shall renew its management softwares to standalone softwares with an Enterprise Resource Planning (ERP) software system, named ABS. The ERP (ABS) system will increase the accuracy and timeliness of internal and external reporting, which in turn will improve decision making. The system will therefore help to reduce overhead costs and increased productivity.