President commissions FMN’s N50bn investment in Niger State

yinka ogunlami

March 16, 2018 11:28 AM

Flour Mills of Nigeria’s N50 billion Sugar production facility was just commissioned by President Muhammad Buhari in Mokwa, Niger state.

The sugar estate features 17, 000 hectares of irrigable farmland and a Sugar mill that processes 4,500 metric tons of sugarcane sweetness per day.

The event was the proverbial “Hello world, we’re here to save the day” introduction befitting of an Agribusiness company the size of FMN.

The estate is the purest representation of the Federal Government’s Nigerian Sugar Master Plan (NSMP) with an ambition to set Nigeria on the path to self-sufficient sugar production.

The farm at peak production will provide direct employment for about 10,000 people yearly, and impact up to 50,000 people indirectly.

Speaking after commissioning the Mill and touring the farm, the President said “Projects like the Sunti Sugar Estate are in tandem with the vision and objectives that we set out to achieve when this administration instituted the Economic Recovery and Growth Plan (ERGP).

While, our focus is steadfast on delivering on our policy goals of tackling corruption, improving security and rebuilding the economy; more than ever, Government will work in close partnership with businesses to strengthen investments in Agriculture, Power, Manufacturing, Solid Minerals, and the Service sectors”

Along with the President at the event were the Niger State Governor, Alhaji Sani Bello, Kebbi State Governor Senator Abubakar Atiku Bagudu, the Central Bank of Nigeria (CBN) Governor, the MD of the Bank of Industry, Captains of Industry and other dignitaries.

The FMN Group’s mantra, “Feeding the Nation, Everyday,” is at the heart of the company’s strategic decisions on what they produce, how and where factories are set up, the level of care that is put into products, and how they interact with host communities and the wider environment.

This is a featured post.

yinka ogunlami