The Managing Director of BUA Foods, Ayodele Abioye, on Wednesday revealed that the company has invested over $200 million in its integrated sugar estate project.
Mr Abioye, who disclosed this at a press briefing held in Lagos Wednesday, noted that the estate is located in Lafiagi, Kwara State.
He revealed that the company was investing in the project comprising a sugar refinery, ethanol plant and other supporting infrastructure to reduce dependence on forex-impacted raw materials.
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