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Unstable sugar price in Nigeria caused by increase in foreign exchange ― NSDC
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Flour Mills Signs $300m Sugar Production Deal with Nasarawa
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Views: Visits 7 …reiterates commitment to National Sugar Master Plan By Johnbosco Agbakwuru FLOUR Mills of Nigeria, FMN, weekend, called on state governments to do all they could to ensure adequate protection of its investments from all forms of insecurity, in order to ensure increased investments nationwide. Already, the Flour Mills Nigeria said it is investing over $300 million in the establishment of a sugar manufacturing company in Nasarawa state to stimulate economic activities in the state and provide employment opportunities to the people of the state. Group Managing Director /CEO FMN, Mr. Omoboyede Olusanya, made the call during the signing of a Memorandum of Understanding, MoU, with Nassarawa State Government, following its acquisition of 20,450 hectares of land to build a sugar company in Toto Local Government Area of the state.
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