Kaduna May 14, 2024 – Uba Sani, the Kaduna State Governor, says the $50 million Soya Bean Oil Refining Plant being established in the state will produce 500,000 litres of soya oil per day.
He said this at the groundbreaking ceremony of the Sunagrow International Oil Ltd in Kutungare in Igabi Local Government Area of the state.
Sani said the plant would contribute to the economic development of Kaduna and Nigeria by creating thousands of direct and indirect jobs across the production value-chain.
He said the plant would facilitate the transfer of technology and technical know-how related to the area of Soya extraction and refinery processes, leading to the development of local expertise in the field.
“I am delighted to perform the groundbreaking for the construction of the $50 Million Soya Bean Oil Refining Plant by Sunagrow International Oil Ltd at Kutungare, Igabi LG of Kaduna State.
“When completed, the $50m Soya Bean Oil Refining Plant will have a production capacity of 500,000 litres per day.
“ It will also contribute to the economic development of Kaduna and Nigeria by creating thousands of direct and indirect jobs at various skill levels, from agricultural labourers to skilled technicians and engineers for refinery operations.”
.“The Sunagrow 50-million-dollar oil plant will have an economic multiplier effect, and create opportunities for local businesses to supply raw materials, services, and support activities to the company. This will in turn improve our local economy.
“Similarly, there will be a transfer of technology and technical know-how related to soya extraction and refinery processes, leading to the development of local expertise in the field.
“On behalf of the good people of Kaduna state, I want to thank the management of Sunagrow International Oil Ltd, for sighting such a huge investment in our state.
“I urge the management to equally invest in community development initiatives in areas of education, healthcare, and social welfare programs, and adopt oil extraction methods that are environmentally friendly.
“I call on other investors to avail themselves of the huge opportunities in Kaduna State, especially in agriculture, renewable energy, infrastructure, mining, manufacturing, transportation, ICT, and tourism. We offer very attractive incentives. We extend not just an invitation, but a steadfast guarantee that their investments in Kaduna State will be nurtured by a robust policy framework and unwavering support.”
Ritesh Argawal, the Managing Director of the company, said the establishment of the company was inspired by Governor Sani’s vision for the economic development of Kaduna State.
He said the governor’s proactive efforts in facilitating the necessary approvals and providing the required support were instrumental towards enabling Sunagrow to commence the significant undertaking.
