NSDC commends BUA for its contributions to the sugar industry

BUA Foods Plc received praise from the National Sugar Development Council (NSDC) on the level of progress made by its wholly owned subsidiary, LASUCO Sugar Company Limited (“LASUCO”), which spans 20,000 hectares of arable land in Lafiagi, Kwara State.

Over the years, BUA Foods has invested heavily in the Federal Government’s Backward Integration Program under the supervision of the NSDC.

When completed, the more than $300 million integrated sugar mill will include a sugar mill with a capacity of 10,000 tons of cane per day, a sugar refinery with an annual capacity of 220,000 metric tons, a power plant of 35 megawatts to power the plant. with potential to supply the national grid, and a 20 million liter per year ethanol production plant.

ABU Foods

The plantation also has a 3 km airstrip of international standards, built to support its operations.

Speaking to the NSDC team in Lafiagi, BUA Foods Acting Managing Director Ayodele Abioye said the visit was timely as it reaffirms the company’s commitment to ensuring the advancement of the food sector and of the Nigerian economy.

According to Mr. Abioye, “We thank the National Sugar Development Council. We are glad you like the level of work that has gone into this plantation and remain committed to fully achieving the backward integration program. Its role in conserving foreign currency, building local capacity, creating jobs, improving skills acquisition and reducing the emphasis on imported raw materials is clearly understood.

“We believe in take-off; this huge project will have a huge impact on our business and on the aspirations of the board. »

Speaking during the working visit to the plantation, NSDC Executive Secretary Zacch Adedeji said the government led by President Muhammadu Buhari is committed to revamping the sugar industry through the Nigeria Sugar Master Plan (“NSMP”) which has the ability to ensure that we grow what we eat and eat what we grow while providing employment opportunities to millions of Nigerians.

Mr. Adedeji, who thanked BUA Foods for its resilient commitment to the Backward Integration Program (BIP), expressed satisfaction with the level of progress made at the integrated sugar mill, adding that Nigeria is on the verge of achieve self-sufficiency in sugar production.

ABU Foods
ABU Foods

“At the sugar council, our goal is to locally produce 70% of Nigeria’s sugar consumption, which currently stands at 1.7 metric tons per year. LASUCO is expected to play a pivotal role in achieving this goal, as it is expected to contribute up to 25% of the targeted local consumption based on its capacity. »

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Mr. Adedeji added: “I am impressed with the level of progress I have seen here. All it takes is to further develop the area where I have seen the commitment of the BUA team to address it”.

The company is working to support farmers through an outgrower program to increase sugar cane production and provide a springboard for expanding its local sugar production while impacting the host community and the Nigerian economy as a whole.

Earlier, Mohammed Kudu Kawa, the Emir of Lafiagi described the project as a “breakthrough initiative” which will boost the development of the community.

According to him, “For us, the BUA-LASUCO project is a dream come true for Lafiagi because there are only a handful of cities that can boast of an investment of $300 million. We are proud of this project and very happy that it is located in our region. The potentials are huge, the type of transformation this project will bring to Lafiagi is beyond imagination. Today we are on the world map thanks to the 3 km track. We are very happy and committed to this project; There is nothing the BUA needs that we will not accept”.

About BUA Foods PLC

BUA Foods is a leading food company with well-diversified and scalable operations producing sugar, flour, pasta, rice and edible oils. With factories strategically located across Nigeria coupled with a cordial alliance with local stakeholders in host communities, BUA Foods is a resilient business built on a strong brand proposition and a reputable operator for delivering high quality products. quality.

BUA Foods continues to invest in modern technology for efficient food production, growing in innovative ways with strategic partners across the value chain. The company is also well positioned to take advantage of significant export potential across West Africa and the wider African continent.

Based and listed in Nigeria, BUA Foods has become one of the most capitalized companies in NGX and one of the leading consumer goods companies by market value.

Media Contact

Adewunmi Desalu II Director, Marketing and Corporate Communications II 08028395787

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