NIGERIA: Bauchi government allocates 60,000 ha to US$200 million sugar project
Published: 05/19/2017, 9:45:49 AM
The Bauchi State Government has allocated 60,000 hectares of land for the cultivation of sugarcane and the establishment of a US$200 million sugar milling plant and refinery, through a public-private partnership with an investment promotion company, Geolo Global company limited, according to Nigeria's Channels TV.
The state governor, Mohammed Abubakar signed the MoU of the proposed sugar milling plant and refinery which is projected to produce 5,000 metric tonnes of refined sugar per day and Generate Internal Revenue for the state.
The revenue is estimated at US$50 million annually in addition to 53 megawatts of electricity to be used by the company and the state.