• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, August 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Minister Inspects Nigeria/Benin Republic-owned Sugar Firm, Decries Decrepit Condition

by Adegwu John
8 months ago
in Business
Minister Inspects Nigeria/Benin Republic-owned Sugar Firm
Share on WhatsAppShare on FacebookShare on XTelegram

The minister of state, Industry, Federal Ministry of Industry Trade and Investment, John Owan Enoh has inspected the Savé Sugar Company, a joint venture between Nigeria and Benin Republic, decrying the current decrepit condition of the facilities

Advertisement

Inspecting the once thriving company located in Cotonou, Benin Republic on Tuesday, the minister has expressed  appreciation for the extra security measures put in place by the government of Benin Republic to secure the Savé Sugar Company which was  Established in 1975.

Special adviser to the minister on media, Diana Tiku Nsan, said on arrival in Cotonou,  Sen. Enoh paid a courtesy visit on his Benin counterpart, minister of Commerce and Industry, Benin Republic, Shadiya Alimatou Assouman, where a meeting with both ministers resonated with shared concerns and aspirations of both countries.

Assouman said “this visit marks a historic moment. Since the inception of the company, no Nigerian minister has visited the facility. Your bold step signifies a commitment not only to the sugar complex but also to the bilateral relations between our nations ” .

Nigeria’s minister, who proceeded on an on-site  inspection of the facility, observed that the company has experienced changing fortunes and now lies almost decrepit with the last managers, Compliant of China, having vacated in May 2023, at the expiration of a 20-year lease agreement.

RELATED

Fitch Upgrades Afreximbank To ‘BBB’

Japan Agency Rating Reinforces Afreximbank’s Credibility, Says Denya

2 hours ago
BREAKING: Emirates Airlines Resumes Flights To Nigeria October 1

Emirates Airline To Participate In Africa Tourism, Creative Economy Expo

11 hours ago
ADVERTISEMENT

After the assessment, the minister said, “various meetings at both technical and policy levels have continued to be held, but an action is needed.  This visit is an eye opener, and more than anything else, we seek its revival. The two countries, as a matter of urgency, need to get a worthy core investor within the shortest possible time.

This is not just about sugar; it is about livelihoods, partnerships, and the shared future of our nations.However, where that is not feasible, the recommendation of the 2021 joint assessment report which submits to the selling of our equity in the company will be brought to the table for possible consideration. Action starts today.”

Nsan also said “the deteriorating situation with the Savé Sugar Company Ltd predates the exit of the Chinese. A joint assessment visitation in 2021 was quite damning and recommended that Nigeria sell its equity holding in the company. This was declined by the Buhari administration, which instead preferred that upon expiration of the lease agreement with Compliant of China, the two governments competitively source for new core investors.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: John Owan Enoh
SendShare10176Tweet6360Share
ADVERTISEMENT
Previous Post

Kogi Gov Abolishes Parents’ Tax Clearance As Condition For Enrollment In Tertiary Institutions 

Next Post

Gas Association President To Address 2025 World Summit

Adegwu John

Adegwu John

You May Like

Fitch Upgrades Afreximbank To ‘BBB’
Business

Japan Agency Rating Reinforces Afreximbank’s Credibility, Says Denya

2025/08/29
BREAKING: Emirates Airlines Resumes Flights To Nigeria October 1
Business

Emirates Airline To Participate In Africa Tourism, Creative Economy Expo

2025/08/29
Tinubu Names Abubakar Dantosho MD Of NPA
Business

NSC Boss Lauds Dantsoho On Election As IAPH Vice President

2025/08/29
tinubu
Business

Capital Market Stakeholders Back Tinubu’s Reforms, Urge Companies To List On NGX

2025/08/29
FG Inaugurates National Building Code Advisory Committee
Business

FG Inaugurates National Building Code Advisory Committee

2025/08/29
TCN Receives 7 New Power Transformers In Lagos, To Boost Power Supply
Business

TCN Clarifies Onitsha Sub-region Incident, Denies Explosion Claim By Enugu DisCo

2025/08/29
Leadership Conference advertisement

LATEST

JUST-IN: Many Feared Dead As Sokoto Records Another Boat Tragedy

Jonathan Hasn’t Ruled Himself Out Of 2027 Presidential Contest, Says Ex-President’s Cousin

Court Jails Businessman 6 Months For Cocaine Trafficking

Lagos Records 8,692 Domestic, Sexual Violence Cases In 1 Year

PICTORIAL: Obasanjo Visits Alaafin Amid Row With Ooni

Abu Shouk: Inside Sudan’s Painful Memory

Japan Agency Rating Reinforces Afreximbank’s Credibility, Says Denya

Edo Resident Doctors Laud Okpebholo Over 2024 MRTF Payment, Ezoti Quarters Renovation

Troops Rescue 117 Hostages, Arrest 150 Suspected Criminals In 1 Week

Civil Service Reform Imperative Amid Neutrality Debate, Says FCSC Chair

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.