Business

February 16, 2011

FG set to limit importation of foreign products – TAPGUN

MORE ban is coming as the Federal Government is determined to limit importation of foreign Products into the country.

The Minister of State for Commerce and Industry, Ms. Josephine Tapgun, gave this hint  when she visited Savannah Sugar Company Ltd to see the progress made so far since the privatisation of the company.

“Government is determined to look inward rather than continued dependency on importation of foreign goods as a way of achieving the vision 20.2020 targets,” she said.

She lauded the company for creating employment opportunities among the youth of the area, adding that this will help in alleviating poverty which will further bring about cordial relationship between the communities and the sugar company

The Managing Director of the Company, Mr. Taaziya Akila, said that the company  was incorporated in 1971 to undertake the production of refined granulated sugar, adding that the company has a designed capacity of 100,000 metric tones of granulated sugar.

“In order to improve the fortune of the company, however, federal government, who had the largest share in the company, decided to sell its shares.  Therefore in 2002 the company was privatized with Dangote Industries Limited emerging as preferred bidder and subsequently emerged as the core investor” he stated.

Todi described the out-growers scheme as an innovative programme of federal government with the aim of engaging the rural populace in gainful employment in order to improve the standard of living of the farming communities which clearly demonstrates the government’s commitment to the rapid revival of the sugar sub-sector for improving the sugar production in Nigeria.

Mr. Nelson Dahungu, on behalf of the Savannah out growers urged the federal government to provide more feeder roads for transporting their farm products to the main factory and to lift irrigation schemes as they have perennial sources of water bodies around their communities like River Benue, River Gongola and Lake Kabowa