In a bid to curb the importation of locally made products, Chairman and Group CEO of BUA Group, Abdul samad Rabiu has revealed his firms’ decision to reduce the over a million metric tonnes of raw sugar imports into the country.
Pleading with the Federal Government to support businesses in order that importation can be minimized, he pointed that Nigeria’s importation of close to two million metric tonnes of raw sugar for local refining per year is not sustainable.
Against this backdrop, Rabiu affirmed that the company will continue the Backward Integrated Policy of the Nigerian Sugar MasterPlan with extra investments in its 20,000ha Lafiagi Sugar and 50,000ha Bassa Sugar plantations.
He also stated that BUA is making a total of about $300 million from its Lafiagi Sugar Company to cover its plantation, sugar mill, refinery, ethanol and power plants, as well as complete agricultural aspects of the project.
Underscoring that Nigeria has the capacity to crush tonnes of sugar cane to produce refined sugar for exportation, he added that the completion of the Lafiagi sugar mill and refinery can crush about 7,000 tons of cane per day, producing over 140,000 tons of pure refined white sugar, close to 25 million litres of ethanol, generate 35 megawatts of electricity as well as employment opportunities for over 10,000 people.