The National Sugar Development Council (NSDC) in partnership with Kogi State Government is set to invest the sum of $350m into sugar manufacture in the state.
Alhaji Salihu Bkeke, the leader of the delegation from NSDC stated this on Thursday when he led a team of some foreign investors to Governor Bello at the Government House in Lokoja.
Alhaji Bkeke said the Council, which was burdened with the responsibility of making Nigeria self-sufficient in sugar production, has discovered the great potentials in the sugarcane production in Oguma, a community in Bassa Local Government Area of the state.
He said, “Kogi state government I must say is agricultural-friendly. We have a master-plan with a roadmap on possible ways of achieving this fit. Based on the roadmap we have in place, we looked for potential sugar-growing states, and Kogi state is one of the best states so far with such opportunities from the feasibility studies done.”
Speaking on his opinion, the Council already has two investors – BUA Group and CONTEC Global – who are willing to invest in the project, adding that the investors will need a large portion of land where the projects will be sited.
He added, “As a Council, we will assist in every way possible to see that the project take off. On the part of the government, the land will be needed, access roads, compensation will be given where necessary. The investors are willing to invest and community social responsibility will be accorded priority.”