Jigawa State Governor, Mohammed Badaru Abubakar, on Tuesday, performed the ground breaking ceremony of a proposed sugar industry with a projected annual turnover of over 60 billion naira upon completion.
Badaru made the disclosure during the ceremony in Garin Ciroma of Gagarawa Local Government Area of the state saying, when the industry started to operate on full capacity it was expected to produce over 120,000 metric tons of sugar per annum.
According to him, the annual production of the proposed industry was almost twice the existing local sugar production in the country which is presently, put at 75,000 metric tones per annum.
In his remark, the chairman of Lee Group of Companies, Mr. Lee Sheau, said, the group had been in Nigeria since 1962 adding that, at present the group has over 40 companies across the country.
“With the vast potentials for natural resources and prospect for large scale farming in Nigeria. agriculture, we believe is one of the sector that could revive the economy of this country,’’he said.