Connect with us

top stories

Buhari visits Niger, commissions N50 billion Sunti Sugar Company

Published

on

By Hammed Salawu, Minna
President Muhammadu Buhari on Thursday commissioned N50 billion Sunti Golden Sugar Estate, in Mokwa, Niger state, ROYAL NEWS has gathered.
While addressing guests at the commissioning, President Buhari called on Private investors in the country to partner with the government in creating investment opportunities.
He said the coming of the sugar factory is timely as Nigeria has made her way out of recession and “we have showed considerable progress.”
According to him “we are looking inward to our natural endowment and deposit. We are focusing on agriculture and other non oil sectors.
“The mill as I was told cost the company N50 billion, and it’s expected to produce 100,000 metric tons of sugar yearly.
“It will provide direct employment for about 10,000 people yearly, and impact up to 50,000 people indirectly, including 3,000 small-scale out growers.
“While commending hte company for creating job opportunities for Nigerians, President Buhari said “flour Mill has shown commitment to Nigeria all through the good times and bad times.”
President Buhari also reiterated the benefits and economic possibilities of the River Niger, saying “it has been long overlooked, it is time explore and harness the benefits for commerce and investment.
Furthermore, he assured Nigerians that his administration will continue to create the enabling business environment and improve security and infrastructure across the nation.
Earlier, the Governor of Niger state, Abubakar Sani Bello said the agricultural sector is getting the needed attention it requires to generate employment and accelerated income growth.
While calling on investors to visit Niger state, he said the lands are under-cultivated and need more companies to partner with the state.
In his remarks, the Chairman, Flour Mills Nigeria, John Coumantaros, said that the estate would set the country on the path to become self-sufficient in sugar production.
According to him, “the sugar estate would feature 17,000 hectares of irrigable farmland and a sugar mill that processes 4,500 metric tons of sugar cane per day.
“At full capacity, the estate is expected to produce one million tonnes of sugar cane which roughly translates into 100,000 metric tons of sugar yearly.”
Coumantaros further said that the establishment of the project would reduce sugar importation into the country as well as save money in foreign exchange. “It will also boost local capacity and reduce unemployment by putting thousands of Nigerians to work,’’ it added.
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest News

top stories2 hours ago

2019: Kwara North monarchs insist on producing next governor

Foremost traditional rulers in Kwara State have maintained their stance on the need for political parties to adopt principles that...

news1 day ago

Read outcome of Osun guber polls

The Independent National Electoral Commission (INEC) has declared the Osun State governorship election inconclusive. The reason for the cancellation, according...

news1 day ago

Adeleke leads Oyetola, more results awaiting

The governorship candidate of the Peoples Democratic Party in Osun State, Senator Ademola Adeleke, is leading the candidate of the...

Politics1 day ago

Tinubu refuses to endorse Ambode, insists on direct primaries

The national leader of All Progressives Congress (APC) Bola Ahmed Tinubu and members of the Lagos chapter of the Governor’s...

news1 day ago

Buhari’s minister, Shittu says he couldn’t afford N22.5m for APC forms, speaks on NYSC

The Minister of Communications, Barrister Adebayo Shittu on Saturday declared that contrary to insinuation that he was rich as a...

news1 day ago

2019: David Mark can unite Nigeria – Jonathan

Former president, Goodluck Jonathan has stated that only a man with the strength of character and clear conscience like Senator...

news2 days ago

Bolaji Abdullahi grieves over Bamigboye’s death

The Peoples Democratic Party(PDP) Gubernatorial Aspirant Mallam Bolaji Abdullahi has described the death of the First Military Governor of Kwara...

Politics2 days ago

Osun Decides: Why I will win in landslide – Ademola Adeleke

. The standard bearer of the Peoples Democratic Party in the ongoing Osun election, Senator Ademola Adeleke, has boasted that...

news2 days ago

Boko Haram: Army reveals plan to end insurgency

The Theatre Commander, Operation Lafiya Dole, Major General Abba Dikko, has charged troops to redouble their efforts in the fight...

top stories2 days ago

Osun election: What APC candidate Oyetola said after voting

Alhaji Gboyega Oyetola, the governorship candidate of the All Progressives Congress (APC) in Saturday’s governorship election in Osun State, has...

Advertisement

Trending

Copyright © 2018 Royal News.

%d bloggers like this: