June 22, 2017

BUA Group to grow Nigeria’s sugar output by 2mmt annually

BUA Group to grow Nigeria’s sugar output by 2mmt annually


By Michael Eboh

BUA Group  says its $300 million investment in Lafiagi Sugar Company (LASUCO) in Kwara State would help grow the country’s sugar output by two million tonnes (mmt) per annum.

Speaking to journalists in Abuja, Managing Director, BUA Sugar, Mr. Ibrahim Yaro, said BUA is serious and is ever ready to surprise Nigeria and Nigerians in its current efforts of becoming a mega local sugar producer.

According to him, the company remains committed to partnering with the government in ensuring the success of the backward integration policy of the sugar industry as well as in its drive to resuscitate and develop other areas of the Nigerian agricultural sector.

He explained that BUA’s interest in the local production of raw sugar brought about the acquisition of LASUCO which he said has over 20,000 hectares of arable land, suitable for sugar cane plantation and is strategically located to serve the northern and southern markets of the country.

He stated that the 500 hectares earmarked for its nursery development in 2016 had been developed; adding that similarly, what is currently ongoing was the land clearing and development preparation for additional 5,000 hectares which would take the company through 2018.

“We are focused, determined and vigorously marching forward to meet our set targets with the Sugar Council. LASUCO is targeting the production of 2million tons of sugar cane annually and this segment alone could produce over 4,000 jobs, while thousands of employment ýwould be generated at plant and at an indirect level,” he said.