BUA Group Renews Pact With FG on Increased Local Sugar Production, to Develop Sugar Estates in Kwara, Kogi

Spread The News
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

In a bid to boost the Nigerian Sugar Industry, BUA Group has signed a pact with the Federal Government till 2023.

The firm said it is committed to developing two sugar estates in Kwara and Kogi states as part of its contribution to strengthening the local sugar industry.

Already, BUA’s 300million dollars investment in its subsidiary, Lafiagi Sugar Company (LASUCO), is one of the largest private led investments in that region of the country.

When it fully comes on stream, BUA Group’s $300million investment in the 20,000 hectares Lafiagi Sugar Estate which covers a sugar plantation, sugar mill, refinery and ethanol plant is expected to produce about 1.5 million metric tonnes of raw sugar annually, 25 million litres of ethanol, generate 35 megawatt of electricity and create employment opportunities for over 15,000 people directly and indirectly.

Kabiru Rabiu (r), Group Executive Director, BUA Group in a handshake with Okechukwu Enelamah (l) Hon. Minister for Industry, Trade & Investment at the signing of Phase II of the BIP for the Nigerian Sugar Industry Masterplan while Latif Busari (c), Executive Secretary of the National Sugar Development Council looks on

This post has already been read 96 times!

(Visited 1 times, 1 visits today)

Do You Have News For The DailyBells Nigeria News Crew For Publication? Contact us today @ megacrown1@yahoo.com, dailybellsnigeria@yahoo.com or Call Our Hotline +234 802 523 7926

All rights reserved. This material and any other material on THE DAILYBELLS NIGERIA should not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from the Editor/CEO.

%d bloggers like this: