Enugu State Government and Jelfah Nigeria Ltd finalize ₦40bn agreement to revive Sunrise Flour Mills, with Jelfah acquiring 60% stake and investing ₦24bn.

Enugu State Government and Jelfah Nigeria Ltd have finalized a ₦40 billion agreement to revive the inactive Sunrise Flour Mills, operational since 1985. Jelfah will acquire a 60% stake and invest ₦24 billion, while the state retains 40%. Governor Peter Mbah highlighted the deal's significance for economic growth, aiming to boost the economy from $4.4 billion to $30 billion through private investment. The project includes cultivating 10,000 hectares for local inputs.

September 17, 2024
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