x

KIA Africa Group Targets N46 billion Revenue by 2027

By Becky Adi

The Executive Secretary of the National Sugar Development Council (NSDC), Zacch Adedeji, has spoken glowingly about the progress the implementation of the National Sugar Master Plan (NSMP) and the Backward Integration Programme (BIP) is making in the area of expansion of the sector and the attainment of self-sufficiency in sugar production.

Adedeji who said this while on a working visit to the Dangote Sugar Refinery (DSR), Numan, Adamawa state, said the quality and quantity of investments in the sector in the last seven years have been very impressive.

The NSDC boss noted that the sugar sector in the country is now a multi-billion naira industry owing to the diligent implementation of the NSMP by the Federal Government.

According to Adedeji, KIA Africa group, the new investor which took over and overhauled the defunct Nigeria Sugar Company (NISUCO), in Bacita, Kwara state, has a lot of ambitious plans for the sector.

“As we speak, work has commenced there and hundreds of Nigerians living within Bacita as well as other adjoining communities have been gainfully employed and engaged by the company. The sector is open to genuine and serious investors. We at the Council are always available to provide both policy and technical assistance to willing investors,” he assured.

Speaking further on the KIA Africa group, he said, “the new owner has set its eyes on producing at least 300,000 metric tonnes of sugarcane, refining an estimated 204,000 metric tonnes of the sweet commodity, and generating N46 billion revenue by 2027. He further added that a workforce of about 20,000 employees would be engaged to drive the company towards optimum production and ensure economic growth of the country”.

He said another major player in the industry, Flour Mills Limited recently signed a multi-million dollar agreement with the Nasarawa state government to build a factory in Toto LGA of the state.

Adedeji said the sector has other notable movers like the Dangote Sugar Refinery, BUA Sugar Refinery and Golden Sugar Refinery who are currently implementing the BIP component of the NSMP.

Hot this week

Police to Begin Enforcement of Tinted Glass Permit in Kogi

By Noah Ocheni, Lokoja The Kogi State Police Command has...

Customs Sets October 2 for Online Test of Superintendent Cadre Applicants

The Nigeria Customs Service (NCS) has scheduled the online...

Pres. Tinubu flags off Owerri Easter Pilgrimage to Israel, Jordan

By Joyce Remi-Babayeju President Bola Tinubu has officially flagged off...

CSO Hails Sanwo-Olu For Marketing Lagos, Nigeria To Global Investors

A civil society organization, Campaign for Dignity in Governance,...

NNPC Foundation Boosts Economy with Agricultural Intervention, Say Kano Farmers

By Jabiru Hassan Farmers in Kano State have commended the...

Kogi Boat Mishap: Death Toll Rises to 36, 40 Rescued

By Noah Ocheni, Lokoja The National Inland Waterways Authority (NIWA)...

Nigeria @65: Claims of Progress Are Deceptive – Activist Ukegbu

A social rights activist, Comrade Okechukwu Keshi Ukegbu, has...

Nigeria @65: Northern CAN Urges Hope, Calls on Leaders to Strengthen Nation-Building

By Achadu Gabriel, Kaduna The Christian Association of Nigeria (CAN),...

Group Presses Nasarawa Assembly for Speedy Passage of Climate Change Bill

y Leo Zwanke, Lafia The Nasarawa State Network on Environment...

PCRC Zone 4 Trains Members on Community Policing in Lafia

By Leo Zwanke, Lafia The Police Community Relations Committee (PCRC),...

Related Articles

Popular Categories

spot_imgspot_img