₦airaland Forum

Zeusd3:
The project is sitting on a 20,000 hectare of sugar cane plantation

Interesting!

[quote author= post=84390203]This is the kind of positive CHANGE we voted for.

We spend #300 BILLION naira to import sugar?! Just imagine!

Slow and steady we are getting it right in this nation.

Slow and steady we will get there.

God bless Nigeria.[/quote]welcome back man.....

.....A welcomed development.......

WalkerMichael:
How do we spend as high as 300bn importing sugars annually when dangote produces?? What's wrong? Can anyone school me please?

Too much excuses for stealing money in every sector in this country sha.

Lol

If you know you know. Even that factory cannot cost $300 million.

Ojukoroju stealing

9jaRealist:
It's a PRIVATE sector investment...
Your "leaders" have NOTHING to do with it.
>

You know nothing fr

BigGuyMan:
You know nothing fr

I do not dignify childish personal insults....
They merely betray a lack of substance and a CRUDE upbringing.
>

OkCornel:
This my friend is the right question to ask. Hopefully this would have some positive effect on the value chain for home grown sugar cane in the long run.

BUA could;
1) Lease hectares of land and grow sugar cane en masse

2) Foster backward linkage with farmers and other small to medium scale farms to augment existing supply.

3) In the long run, consider production of ethanol as biofuel.

Overall ripple effects... more jobs and forex savings.

Anyways, time will tell.

The BUA and Dangote sugar projects maximize the extended value chain in sugar production by using by-products for the production of fuel ethanol, animal feeds, in-house electricity (w/ surplus power generated by the plants supplied to the national grid).
>

Ranchhoddas:
Lol

If you know you know. Even that factory cannot cost $300 million.

Ojukoroju stealing

How exactly is it "stealing"?
It is a PRIVATE investment by a PRIVATE sector company.

These are backward integration projects...
With everything from plantations to captive power plants.

The similar Dangote project in Niger State is $450m...
But PRIVATE investors can estimate whatever they please (Dangote Sugar is listed and cannot).
>