BUA Launches Backward Integration Scheme for Subsidiary
BUA, one of Nigeria’s leading indigenous conglomerates, is launching a backward integration scheme in its sugar subsidiary plantation in Kogi S tate before the end of the year.
Group Executive Director of BUA Group, Kabiru Rabiu said Cultivation on the land will commence in the last quarter of the year. The plantation will assist in boosting the sugar production of the Group and enhance employment, and open up opportunities for ancillary industries.
According to him, the plantation is structured to generate its own power during the process of converting molasses to sugar, while provision has also been made for gas supply to fire its turbines.
BUA owns the second largest sugar refinery in Sub-Saharan Africa, located in Lagos Nigeria with an installed capacity of 720,000 metric tons per annum and is set to commission a second sugar refinery with the same capacity in Ports Harcourt, Rivers State next year. The company also acquired Lafiagi Sugar Company (Lasuco), Kwara State through a privatisation exercise in 2010.
Recently the Governor of Kogi state Capt. Idris Wada confirmed the allocation of land to BUA for the setting up the proposed plantation.
Rabiu sais: “We are pleased with the support of Governor Idris Wada by assisting us toward setting up a sugar plantation in Kogi state. We promise to support the government and people of the state, and be a loyal and productive corporate citizen.
“The plantation will be a modern state of the art automated plant with the technology deployed from Brazil, widely known as having the best technology in sugar production and refinery”.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
KWTV Medview Airlines Nigeria Governors\' Forum Saad Belgore Aso-ofi Ndama Al-hassan Abdulganiyu Salahudeen Babaita Ibrahim Kayode Adeyemi Amina Susa\'a De Ahmed S.O. Opowoye Borgu Pakata Makama Of Ilorin Femi Oladiji Apaokagi Trader Moni Ilorin Muslim Community Bilikisu Gambari Bola Iyabo Ibiyeye Adisa Sobi Specialist Hospital Gbenga Olawepo Olokoba Abdullahi Ayinla Olofa Of Offa Ademola Kiyesola IESA Kwara State Infrastructure Development Fund Nurudeen Muhammed QuickWin Kwara Volleyball Association Majlis For Sadakah, Zakat And Waqf Popo-Igbonna Sola Saraki University Oba Of Jebba Yoonus Kola Olatinwo Babatunde Ajeigbe COVID-19 Palliatives Oyedun Juliana Funke Stephen Fasakin Saka Aleshinloye Abdulkadir Akanbi-Oke Standard Organization Of Nigeria Naira Redesign Abdullahi Biffo Muslim Media Watch Group Of Nigeria Javed Khan Kwara Central Bature Bello Kassim Babamale Adamu B. Yaqubu Olota Of Odo-Owa Federal Polytechnic Offa Lukman Adeloyin Hijaab College Of Health Ebun-Olu Adegboruwa Saka Saadu Gbemi Saraki Kwara State Geographic Information Service SSUCOEN National Association Of Nigerian Students Sulyman Tejidini Ohoro Of Shao International Public Sector Accounting Standards Www.Kwarareports.com Abubakar Baba Sulaiman Abdulrahman Abdulrazak Abdulwahab Olarewaju Issa Gaa Olobi Government High School (GHS), Adeta Abdulrahman Onikijipa AbdulGaniyu Kareem Rueben Parejo Alikinla Ibrahim Abdullahi Al-Hikmah University Okasanmi Ajayi

