Share
Fourmills chair speaks on new sugarcane factory in Niger State
According to John Coumantaros the most important the thing that the commissioning of Sunti Golden Sugar Estate represents is the merging of agriculture and industry in one place. CNBC Africa's Christycole Popoola, caught up with him at the estate's commissioning in Niger State on Thursday and they discussed the company's hopes for the project.
Fri, 16 Mar 2018 12:14:53 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- The commissioning of the Sunti Golden Sugar Estate signifies the convergence of agriculture and industry on a single site, fostering job creation and economic expansion in Niger State and beyond.
- Flower Mills Nigeria has made substantial investments in key food value chains, exceeding $5 billion since its inception, to promote local production and reduce dependency on imports.
- The company's partnership with the community and government, coupled with supportive policies, underscores its commitment to advancing agribusiness and driving Nigeria's economic diversification agenda.
Flower Mills Nigeria, also known as FMMPLC, has a rich history that dates back to 1960, coinciding with Nigeria's independence. The company, initially a single-site flour mill founded by George S. Clementaro, has evolved over the years to become the largest food and agro-allied business in the country, boasting over 11,000 employees. With a wide range of products, ranging from pasta to breakfast cereals, Flower Mills Nigeria has established itself as a key player in the food industry, providing a farm-to-table offering to consumers across the nation. At the recent commissioning of the Sunti Golden Sugar Estate in Niger State, John Coumantaros, the Chairman of Flower Mills Nigeria, spoke to CNBC Africa about the significance of the project. One of the major highlights of the Sunti Sugar Estates is the integration of agriculture and industry on one site. Situated in Niger State, the estate features a 10,000-hectare farm complex with irrigation facilities and outgrower programs connected to a factory for on-site sugar processing. At present, the estate employs 3,000 individuals, with plans to increase this number to 10,000 at full capacity. The ripple effect of this project is estimated to create around 50,000 jobs in Niger State and the surrounding communities, contributing to economic growth and development. Coumantaros emphasized the importance of breaking the cycle of importing raw materials by promoting local agriculture and industrial production. Flower Mills Nigeria has made significant investments exceeding $5 billion since its inception, focusing on key food value chains such as vegetable oil, sweeteners, starches, proteins, and grains. The company's commitment to driving agriculture and industry aligns with the government's efforts to diversify the economy away from oil dependence and boost local production. Coumantaros highlighted the government's supportive policies in encouraging investments in the agribusiness sector. In building robust partnerships, Flower Mills Nigeria prioritizes its relationship with the local community, aiming to not only provide jobs but also to promote education and skill development. By investing in infrastructure such as schools, roads, and electricity, the company is fostering capacity building and social upliftment within the community. As the Sunti Sugar Estate was commissioned, Coumantaros reflected on the journey from the founder's vision to the collaborative efforts that brought the project to fruition. He expressed pride in the company's role in feeding the nation and reiterated their commitment to integrating raw material sourcing, manufacturing, and consumer delivery. Flower Mills Nigeria's strategic approach underscores its dedication to sustainable growth and development, symbolizing a new chapter in Nigeria's agro-industrial landscape.
SIGN UP FOR OUR NEWSLETTER
DAILY UPDATE
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.