The 14 billion CFA Francs industrial park is composed of a shea butter factory which produces 100 tonnes/day; a Refinery of 30,000l/day, an Oil mill of 200 tonnes/day; livestock feed mixer of 120 tonnes/day.
A company told me that it was paying N7-8 million before, now it is paying N32 million.
MAN, in its advocacy, observed that the sustained monetary policy tightening by the CBN for more than two years has not brought down inflation.
The SON, he stressed, would not relent in its mandate of ensuring that only quality products are allowed in the markets.
The plant has the capacity to assemble and produce 10,000 trucks annually. It is a joint venture, controlled by Dangote with a leading share of 65% and Sinotruck of China with 35%.
To achieve this, the development partners estimated that a total investment of around 5 billion USD in industrial and semi-industrial production facilities will be needed
Prof. Ike-Muonso reminded participants drawn from Directorate cadre and Heads of Divisions that RMRDC occupies a critical position in Nigeria’s economic and industrial development aspirations.
They are laying irrigation pipes, they are completing other infrastructure, they are expanding their factories and rehabilitating them, and so on.
The US$925 million accordion arrangement raises the total amount disbursed to US$3.175 billion.
The food packaging giant also announced the launch of an aseptic beverage carton featuring a paper-based barrier, reducing its carbon footprint by 33 percent
