A Kano-based privately-owned company, UMZA International Limited has set aside an investment sum of N38.1 billion for the establishment of a sugarcane plantation and a rice processing mill in Bauchi State.
Alhaji Muhammad Maifata, the Executive Chairman of the company, made this known when his management team paid a courtesy visit to Bauchi State Governor Bala Mohammed, yesterday in Bauchi.
He said the sugarcane plantation was expected to be producing a million metric tons of sugar annually for export and internal consumption, while the rice mill would be involved in production, processing and milling of rice to boost food security in the country.
He explained that the factories, when completed, would provide employment to no fewer than 10,000 people indigenous to Bauchi State, apart from other professionals that would be engaged within and outside the state.
In response, Governor Mohammed expressed his appreciation to the company for finding the state worthy of benefiting from its investments. He assured of his support for the project when it begins.
