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.
Ghali Alaaya Funmilayo Mohammed Binta Abubakar-Mora Abdulazeez Uthman Kunbi Titiloye Nnazua Sai Kayi Lateef Ademola Olatunji Ibrahim Issa Jetti Sheikh Ridhwanullah El-ilory Oke Sunna IYA YUSUF Javed Khan Ahmed Idris Mohammed Ishola Moses Abiodun Umar Yakubu Jaja Iyiola Oyedepo Bukola Ajikobi Umar Ayinla Saro Muhammed Aliyu Sunset Workers Taofeeq Olateju CACOVID Lanwa Col. Ibrahim Taiwo Kwara-SAPZ Project Adolescent Girls Initiative For Learning And Empowerment Saliu Oluwole Kazeem Adekanye Adam Abdullahi Al-Ilory Afeyin-Olukuta Dasuki Belgore Lola Olabayo Christopher Odetunde Ilorin Water Reticulation Ahmed Saidu Rufai Ahmad Olanrewaju Belgore Alikinla Samari Niyi Osundare Olatinwo Abdulhakeem Adelaja Amao Bamidele Adegoke Oladimeji Apaola Oke-Ogun Neuropsychiatric Hospital Ilorin Innovation Hub Ojuekun Oya State ASKOMP Issa Memunat Moyosore Bankole Omishore Mashood Abdulrafiu Agboola Abubakar Olusola Saraki Tunji Oyawoye Dagbalodo Emir Of Yashikira Olaitan Buraimoh Niyi Ogundiran Akume Age AbdulKareem Mope Dasuki Belgore Post-utme Ganiyu Abolarin Kwara State Fish Farmers Association Prince Sunday Fagbemi Aisha Abodunrin Ibrahim Mohammed Ibrahim Kwara State Pension Board Otoge Olupako Of Share Post Utme Basic Education Certificate Examination 2017 Budget Esinrogunjo Kuliyan Geri AbdulRauf Keji

