President Buhari Commissions N50bn Sugar Factory In Niger
A move to boost the economic base of Nigeria has seen President Muhammadu Buhari commissioning N50 billion sugar factory in Niger State on Thursday.
The factory, Sunti Golden Sugar Estate, is situated at Mokwa Local Government Area of Niger State.
Buhari, while addressing participants at the launching, said private sector partnership with the government cannot be over emphasised, especially with job creation prospects.
He described the establishment of the factory as apt, particularly at a time when Nigeria has wriggled its way out of recession with considerable progress.
“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 N50bn, 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 the company for creating job opportunities for Nigerians, the President said, “Flour Mills has shown commitment to Nigeria all through the good times and bad times,” the President stated.
Buhari also reiterated the benefits and economic possibilities of the River Niger, saying, “It has been long overlooked; it is time to explore and harness the benefits for commerce and investment.”
He assured Nigerians that his administration would continue to create enabling business environment and improve security and infrastructure across the nation.
Niger State Governor, Abubakar Sani Bello, said there were obvious signs that the agriculture sector was getting the desired attention it requires to generate employment and accelerated economic growth.
While calling on investors to visit Niger State, he said the lands were under-cultivated and needed more companies to partner with the state.