=== (AGENDAWATCHDOG) === Flour Mills Nigeria plans to plough over $300m into the setting up of a sugar processing plant in Nasarawa state to accelerate economic activities in the state and generate jobs for the citizens.
This was made known by the Managing Director (GMD)/ Chief Executive Officer of the company, Omoboyede Olusanya, during the signing of a Memorandum of Understanding (MoU) with the Nasarawa State Government in Abuja, on Friday.
According to Olusanya, the company would invest an initial capital of $300 million in the project which would cover 2,450 hectares of land.
Speaking further, the GMD added that as part of the company’s corporate social responsibility, it would build schools and recreational facilities among other amenities, while thanking the state government for giving the company the opportunity to add value to the industrial drive of the present administration, as well as address the economic problem of the state.
The Governor, Abdullahi Sule, while making his remarks, stated that the agreement was in fulfillment of his earlier promise to industrialized the state two years ago, disclosing that land for the project had already been provided, adding that Nasarawa would collaborate with the Federal Government and security agencies to ensure a smooth take-off of the company in the state.
Sule tasked the company not to only engage in sugar production but to also venture into massive production of cassava to provide raw material in the same area for flour production.
PROJECTED IMPACT: The sugar company would stimulate economic activities, generate employment and bring development to the state.