Flour Mills expands backward integration programme with $300m investment in Nasarawa

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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 situated at Umaisha Development Area of Toto Local Government of Nasarawa State on the north bank of the Benue River, about 70 Kilometres upstream from Lokoja,” the company said.
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“It is expected that land preparation, including surveys and the initials designs, will start immediately in anticipation of the commencement of operations during the course of this year.

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