BUA set to curb sugar im­por­ta­tion

Business a.m. - - COMMODITIES & AGRICULTURE -

IN A BID TO CURB THE im­por­ta­tion of lo­cally made prod­ucts, Chair­man and Group CEO of BUA Group, Ab­dul sa­mad Rabiu has re­vealed his firms’ de­ci­sion to re­duce the over a mil­lion met­ric tonnes of raw sugar im­ports into the coun­try.

Plead­ing with the Fed­eral Gov­ern­ment to sup­port busi­nesses in or­der that im­por­ta­tion can be min­i­mized, he pointed that Nige­ria’s im­por­ta­tion of close to two mil­lion met­ric tonnes of raw sugar for lo­cal re­fin­ing per year is not sus­tain­able.

Against this back­drop, af­firmed that the com­pany will con­tinue the Back­ward In­te­grated Pol­icy of the Nige­rian Sugar Master Plan with ex­tra in­vest­ments in its 20,000ha Lafi­agi Sugar and 50,000ha Bassa Sugar plan­ta­tions.

He also stated that BUA is mak­ing a to­tal of about $300 mil­lion from its Lafi­agi Sugar Com­pany to cover its plan of tation, sugar mill, re­fin­ery, ethanol and power plants, as well as com­plete agri­cul­tural as­pects of the project.

Un­der­scor­ing that Nige­ria has the ca­pac­ity to crush tonnes of sugar cane to pro­duce re­fined sugar for ex­por­ta­tion, he added that the com­ple­tion of the Lafi­agi sugar mill and re­fin­ery can crush about 7,000 tons of cane per day, pro­duc­ing over 140,000 tons of pure re­fined white sugar, close to 25 mil­lion litres of ethanol, gen­er­ate 35 megawatts of elec­tric­ity as well as em­ploy­ment op­por­tu­ni­ties for over 10,000 peo­ple.

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