Why we allowed Sunti Sugar estates – Etsu Nupe
self-sufficiency in sugar was well within sight with the kind of investment by Four Mills of Nigeria.
“I am happy to mention also that 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,’’ the president said.
The chairman of Flour Mills, Mr. John Coumantaros, said the estate was expected to produce one million tons of sugarcane, which roughly translates into 100,000 metric tons of sugar yearly.
This locally produced sugar, according to him, will save the country 100 million dollars in foreign exchange every year, apart from over 10,000 jobs it will create when fully operational.