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Bauchi signs MoU to establish Sugar Milling Plant

By News Express on 19/05/2017

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•Governor Abubakar.
•Governor Abubakar.

The Bauchi State Government has allocated 60,000 hectares of land for the cultivation of sugarcane and the establishment of a 200 million Dollar sugar milling plant and refinery, through a public-private partnership with an investment promotion company, Geolo Global company limited.

The State Governor, Mohammed Abubakar signed the MoU of the proposed sugar milling plant and refinery which is projected to produce 5000 metric tonnes of refined sugar and Generate Internal Revenue for the state.

The revenue is estimated at 50 million us dollars annually in addition to 53 megawatts of electricity to be used by the company and the state. (Channels TV)

Source News Express

Posted 19/05/2017 01:14:32 AM

 

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