Home Business Nigeria: BUA to Commission U.S.$300 Million Lafiagi Sugar Company By 2022

Nigeria: BUA to Commission U.S.$300 Million Lafiagi Sugar Company By 2022

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Lagos — In line with the federal government’s Backward Integration Programme on self-sufficiency in sugar, BUA Group said it has invested over $300million in its Lafiagi Sugar Company (LASUCO).

Speaking yesterday during a facility tour of the company in Lafiagi,

Kwara State, the senior general manager, LASUCO, Abdul-Rasheed Olayiwola, said the company is an integrated milling factory.

“LASUCO is an integrated milling factory that is comprised of Sugar

mill, Ethanol plant, sugar refinery and power plant that will be integrated into the national grid.”

Olayiwola stated that the sugar company with 20,000 hectares of land has a processing mill capacity of 10,000 tcd from sugar cane to widely accepted white sugar, adding that the sugar refinery has a refining capacity of 220,000 metric tonnes.

He explained that since 2014 that the company took over the land, the group has invested heavily to ensure that the BIP programme of the federal government becomes a success.

He said, “BUA group has made over $300million investment so far on this project and when it becomes operational by first quarter of 2021, we will have 5,000 direct staff and over 10,000 indirect staff.

“We will have farmers, loaders, truckers and other auxiliary services providers who will be basically the locals and other Nigerians.

“The National Sugar Council of Nigeria (NSCN) has visited the site numerous times and has acknowledged their investment and is looking up to the company to lead the realisation of the sugar master plan of the federal government. They always leave this site fully satisfied that BUA is on course.”