Flour Mills, Nigeria’s integrated food business and agro-allied group, says it is expanding its sugar backward integration programme (BIP) with the acquisition of 20,450 hectares of land in Nasarawa.
The project is estimated to cost at least $300 million.
In a regulatory filing posted on the Nigerian Exchange Limited (NGX) on Friday, Umolu Joseph, company secretary, said the move is part of the company’s commitment to the backward integration programme of the Nigeria Sugar Master Plan and the overall growth strategy of the industry in Nigeria.
“The 20,450 hectares is…
