300 million naira or dollars..
What kind of company will invest 300million dollars on sugar production?
Please guys is that sector really profitable and reliable?

God bless my Gov

voltron14:


I'm not from Kwara, I love how the Saraki dynasty was dismantled, I'm pro APC but these photos aren't doing justice to a supposed 300 million dollar project.

Heck nothing suggests even 300 million Naira has been spent.

This is Private investment by BUA group.

fernandez1:
Good development..... Other States govnors should follows up....in no time all States will be developed

It's not a government project.

Saraki could not boast of bringing a single investor that Kwarans wll benefit 4rm thru out his 8yrs tenure as Governr & his yrs as a Senator and 4 yrs of bn d Senate President. His godson Abdulfatah Ahmed cnt also boast of one.
My Kwara wll b grt again

Fuadx1:

This is Private investment by BUA group.

Regardless, the attempt to promote the project is lame.

Op is it $300m or $30m? It's the latter figure i saw elsewhere.

The project will really contribute to our economy and help save our Forex from the unnecessary importation of sugar.

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Fuadx1:

This is Private investment by BUA group.

so why is the state making fanfare in something that doesn't concern them apart from taxes

sneezy:
The project will really contribute to our economy and help save our Forex from the unnecessary importation of sugar.

no be todaY DEM DON DEY SAVE FOREX
FOOD INFLATION REACHED 14% IN OCTOBER

fernandez1:
Good development..... Other States govnors should follows up....in no time all States will be developed

I really wish so, especially for bayelsa, delta and cross rivers, all they do is squander their wealth.

MrGidifeed:
Abdul Samad Rabiu, Founder/Executive Chairman, BUA Group with H. E. Abdulrahman Abdulrazaq, Governor of Kwara State during an offical tour of BUA's 20,000Hectare Sugar Plantation and Refinery site in Lafiagi, Kwara State, North Central Nigeria.

The $300m BUA Sugar factory and farm in Kwara is gradually nearing completion. Nigeria spends N300bn importing sugar. This plant will process 14,000 tonnes of canes daily to produce 200,000 tonnes of refined sugar, 35mw of electricity and 200,000 liters of ethanol to cut import.

Source: https://ngg.ng/2019/11/26/kawara-stata-governor-abdulrazaq-visits-the-ongoing-300m-sugar-factory-farm/

very nice,but what happened to Nigerian sugar company bacita?

welturebotanical:
300 million naira or dollars..
What kind of company will invest 300million dollars on sugar production?

A company that sees the huge profits possible in a 200 million strong population and market.

Do you realise that Nigeria will be the 3RD most populous nation on earth after China and India by 2050?

Any wise business today will build the biggest factory it possibly can in Nigeria, to meet the the present and coming demand.

hmmmmn kwara!!!!
OTOGEEEEEEEEEEE!!!!!!!!!

hope they won't kill him like they killed Fmr Gov. Muhammad Lawal. May God help him sha!!!

grandstar:
This is utter nonsense. Do we have any comparative advantage in sugar production? Can't manufacturing be focused on where the country excels at?

Kwara has a fertile land that can support large scale of sugar production

MrGidifeed:
Abdul Samad Rabiu, Founder/Executive Chairman, BUA Group with H. E. Abdulrahman Abdulrazaq, Governor of Kwara State during an offical tour of BUA's 20,000Hectare Sugar Plantation and Refinery site in Lafiagi, Kwara State, North Central Nigeria.

The $300m BUA Sugar factory and farm in Kwara is gradually nearing completion. Nigeria spends N300bn importing sugar. This plant will process 14,000 tonnes of canes daily to produce 200,000 tonnes of refined sugar, 35mw of electricity and 200,000 liters of ethanol to cut import.

Source: https://ngg.ng/2019/11/26/kawara-stata-governor-abdulrazaq-visits-the-ongoing-300m-sugar-factory-farm/

The title should be more pictures of politicians at the sugar plant.

Rosskiki:


A company that sees the huge profits possible in a 200 million strong population and market.

Do you realise that Nigeria will be the 3RD most populous nation on earth after China and India by 2050?

Any wise business today will build the biggest factory it possibly can in Nigeria, to meet the the present and coming demand.

Okay sir. But I just feel 300million USD is too much

moderator ! DOMINIQUE LALASTICLALA correct Kwara state spelling on FP.

voltron14:
I'm not from Kwara, I love how the Saraki dynasty was dismantled, I'm pro APC but these photos aren't doing justice to a supposed 300 million dollar project.

Heck nothing suggests even 300 million Naira has been spent.

It is NOT a government project...
But it was started during the PDP administration.
>

welturebotanical:
300 million naira or dollars..
What kind of company will invest 300million dollars on sugar production?
Please guys is that sector really profitable and reliable?

mu2sa2:
Op is it $300m or $30m? It's the latter figure i saw elsewhere.

voltron14:
Make una no vex me.

What in these photos looks like 300 million dollars of investment?

And remove that sugarcane plantation picture which was obviously lifted.

Don't know how much these refineries cost...
But the Dangote Sugar Refinery project in Niger State is costing $450m.

The BUA refineries (this is the third one) are state-of-the-art...
And includes private infrastructure such as a captive power plant.
>

bayelsaowei:
Projects are never complete in this country...they are always ongoing...forever that is...

This is BUA's THIRD sugar refinery...
There are 2 others in Lagos and Port Harcourt!
>

fernandez1:
Good development..... Other States govnors should follows up....in no time all States will be developed

It's NOT a state government project...

These are all PRIVATE projects, and between BUA, Dangote and Olams...
There are other sugar refineries in Lagos, Rivers and projects in Niger, Taraba, Adamawa and Nasarawa states.

The states should get credit for providing land...
But greater kudos belong to the Sugar Development Council, which grants tax holidays and other incentives.
>

grandstar:
This is utter nonsense. Do we have any comparative advantage in sugar production? Can't manufacturing be focused on where the country excels at?

What "comparative advantage" do we need?
We have sugarcane and fertile land, yet spend over $500m yearly importing raw sugar.
>

MY BROTHER'S WHAT IS THERE TO CELEBRATE? LET THE GOVERNMENT FIRST TAKE LIG..........HT AS THEIR PRIO............RITY

voltron14:
Make una no vex me.

What in these photos looks like 300 million dollars of investment?

And remove that sugarcane plantation picture which was obviously lifted.

Leave them, they are being scammed.

Highest, $30m.. thats taking into account the 35MW power plant and the Ethanol plant

That's how they inflate everything. Sugar processing shouldn't be a long process. Just like rice milling.

ikaboy:
this guy money don de long sha...

He has always been rich.

He owns a cement plant long time.

9jaRealist:


It is NOT a government project...
But it was started during the PDP administration.
>

Do the pictures do justice to such a project?

Keep kwayet, what do you know about comparative advantage? Don't u know the employment opportunities, tax, etc that will come from that company? Are we supposed to be importing sugar? Guy be careful

grandstar:
This is utter nonsense. Do we have any comparative advantage in sugar production? Can't manufacturing be focused on where the country excels at?

Deepthoughts:
very nice,but what happened to Nigerian sugar company bacita?

And Dangote sugar...anyway the more the merrier. It appears BUA is tracking down Mr. Cement himself following in every step.

Could see a BUA petrochemical facility in the future.