He further disclosed that the magnitude of investment in the sugar estate is a clear manifestation that the policies on economic diversification of the government is attracting the right kind of support and engagement.
The president called on private investors in the country to partner with the government in creating investment opportunities.
He said, “We are looking inward to our natural endowment and deposit. We are focusing on agriculture and other non oil sectors.
“The mill, as I was told, cost the company N50bn, and it’s expected to produce 100,000 metric tons of sugar yearly.
“It will provide direct employment for about 10,000 people yearly, and impact up to 50,000 people indirectly, including 3,000 small-scale out growers.
“While commending the company for creating job opportunities for Nigerians, the President said, “Flour Mills has shown commitment to Nigeria all through the good times and bad times.”
Buhari also reiterated the benefits and economic possibilities of the River Niger, saying, “It has been long overlooked; it is time to explore and harness the benefits for commerce and investment.”
He assured Nigerians that his administration would continue to create enabling business environment and improve security and infrastructure across the nation.
