A Kano-based privately-owned company, UMZA International Limited is to invest N38.1 billion to establish 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.
Governor Mohammed pledged his support as well as expressed his appreciation to the company for finding the state worthy of benefiting from its investments spread across the country.
He assured that his administration would continue to provide an enabling business environment for investors, stressing that we would jealously guard and protect all investments in our state.
The governor called on other investors to emulate the company, by patronising Bauchi and investing in the state.
He noted that the factories would promote the economy and generate employment in the state, by eliminating redundancy, indolence and other criminal tendencies that were inimical to peace and tranquillity in the state.