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He said the importation of raw sugar and the fluctuation in foreign exchange are partly responsible for changes in prices of refined sugar. He said the Backward Integration Programme (BIP) of the Nigeria Sugar Master Plan would address the raw sugar importation issue over time. He expressed satisfaction with the players in the BIP, adding that within the last seven years of the implementation of the BIP, Nigeria has achieved over 3m metric tonnes of refining capacity. He listed land access, community hostilities, foreign exchange restrictions and natural disasters as challenges of the sugar s...

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.

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 ...

The Nasarawa State Government and Flour Mills of Nigeria have signed a Memorandum of Understanding (MoU) for a $300million investment in sugar production. Under the MoU, the state leased 20,450 hectares of land to Flour Mills of Nigeria for 50 years, during which the company is expected to ramp up the Backward Integration Plan (BIP) […]

According to the National Bureau of Statistics (NBS), Nigeria’s unemployment figure currently stands at 33.3 per cent making her the highest on a global list of countries. Without mincing words, this is indeed a very depressing, disturbing and an alarming piece of information that should bother any discerning mind and whoever is interested in the […]