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

APGA Releases Timetable for 2026 Anambra LG Primaries

The All Progressives Grand Alliance (APGA) has released its...

Nigeria Records Gains Against Lymphatic Filariasis as Free Hydrocele Surgeries Expand

Nigeria is making progress in tackling lymphatic filariasis, a...

Snakebite: FCTA Assures Residents of Availability of Antivenom in Hospitals

By Joyce Remi-BabayejuThe Federal Capital Territory Administration (FCTA) has...

AFCON 2025 final: CAF suspends Hakimi, Thiaw, fines Senegal, Morocco

The Confederation of African Football (CAF) has imposed multiple...

Kaduna: 80 Worshippers Escape After Church Abduction as Scores Remain in Captivity

By Achadu Gabriel, KadunaAt least 80 Christian worshippers abducted...

APC chairman dismisses 2027 vice-presidential speculations

The National Chairman of the All Progressives Congress (APC),...

Community Leaders, Health Officials Back Door-to-Door Tobacco Control Campaign

By Idibia Gabriel, KadunaCommunity leaders and health officials in...

Excitement as TETFund begins construction of Abuja Leadership Centre

The Vice-Chancellor of Yakubu Gowon University (formerly the University...

Civil Society Groups Commend Senator Jarigbe’s Performance, Urge Responsible Public Discourse

Civil Society Groups for Good Governance (CSGGG), an alliance...

Women Group Backs Senator Jarigbe with Vote of Confidence

By Joyce Remi-BabayejuA Cross River State based Women professionals...

NSCDC Launches Gender Policy II to Promote Inclusive Security Operations

The Nigeria Security and Civil Defence Corps (NSCDC) has...

Related Articles

Popular Categories

spot_imgspot_img