• Contact Us
  • About Us
Tuesday, October 14, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Companies and Markets

Buhari to inaugurate N50bn sugar mill in Niger

metro by metro
March 9, 2018
in Companies and Markets
0
0
SHARES
0
VIEWS

The Flour Mills of Nigeria Plc said that arrangements were in top gear for the inauguration of its sugar mill, the Sunti Golden Sugar Estate, in Mokwa, Niger state.

The ill which is expected to produce 100,000 metric tons of sugar yearly is to be established at the cost of N50 billion.

Read Also

Dollar Holds Soft Tone on Rate Cut Expectations, Powell Comments

Stakeholders Weigh CBN’s Directive On New CEOs Of Banks 

Dollar Steadies Ahead of Fed Meeting

A statement issued by the company’s Media Officer, Mr Tola Samuel, said that the estate scheduled to be commissioned by President Muhammadu Buhari on March 15, would set the country on the path to become self-sufficient in sugar production.

According to the statement, the farm at peak production 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 who will be cultivating sugarcane to feed the mill.

It added that the sugar estate would feature 17, 000 hectares of irrigable farmland and a sugar mill that processes 4,500 metric tons of sugarcane per day.

“At full capacity, the estate is expected to produce 1 million tons of sugarcane which roughly translates into 100,000 metric tons of sugar yearly.

“Enclosed within a 35-kilometer dyke, the production facility area is 15,100 hectares, with a cane area that features a maximum output of 10, 000 hectares.

“The dyke provides flood protection from the River Niger.

“Over N1 billion was invested in the state-of-the-art irrigation system that will ensure the efficient cultivation of sugar cane, with infrastructure that includes drain pumps, pump stations, and a power grid,’’ the statement said.

It 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.

Tags: Flour Mills of Nigeria Plc
Previous Post

Anti-labour practices: Nokia workers down tools in Nigeria

Next Post

Nuclear face-off: Trump, Kim to take part in historic meeting

Related Posts

FG considers foreign exchange reforms as dollar shortages bite
Companies and Markets

Dollar Holds Soft Tone on Rate Cut Expectations, Powell Comments

September 17, 2025
CBN
Companies and Markets

Stakeholders Weigh CBN’s Directive On New CEOs Of Banks 

September 17, 2025
Dollars
Companies and Markets

Dollar Steadies Ahead of Fed Meeting

September 15, 2025
Insurance Reform Act: Landlords, Tenants May Be At Odds Over Costs, Threaten Affordable Housing In Nigeria
Companies and Markets

Insurance Reform Act: Landlords, Tenants May Be At Odds Over Costs, Threaten Affordable Housing In Nigeria

August 23, 2025
Next Post

Nuclear face-off: Trump, Kim to take part in historic meeting

Amid Rising States’ Indebtedness, IMF Raises Nigeria’s 2025, 2026 Economic Growth Projections

Amid Rising States’ Indebtedness, IMF Raises Nigeria’s 2025, 2026 Economic Growth Projections

October 14, 2025
Alausa: The Dilemma Of A ‘Japada’ Medical Minister Of Education

Alausa: The Dilemma Of A ‘Japada’ Medical Minister Of Education

October 14, 2025
Nobody Can Threaten Us  —  ASUU Dismisses FG’s ‘No Work, No Pay’ Directive

Nobody Can Threaten Us  —  ASUU Dismisses FG’s ‘No Work, No Pay’ Directive

October 14, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version