COMMERCE: ENOH INSPECTS SAVE SUGER COMPANY IN BENIN REPUBLIC .... Expresses appreciation for the extra security measures put in place by the Government of Benin Republic to secure the Joint Venture

Nigeria's Honourable Minister of State for Industry, Senator John Owan Enoh and Benin Republic Minister of Commerce and Industry, Shadiya Alimatou Assouman

"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." Senator Enoh.

Nigeria's Minister of State for Industry, Fed. Ministry of Industry Trade and Investment, Senator John Owan Enoh was recently in Cotonou, in Benin Republic on Tuesday 14 January 2025, Senator John Owan Enoh, to inspect the once-thriving sugar production facility; Savé Sugar Company, a joint venture between Nigeria and the Benin Republic.

The visit has been described as a day etched in the annals of the Nigerian-Benin relations.

Senator Enoh, on arrival in Cotonou paid a courtesy visit on his Benin counterpart, Shadiya Alimatou Assouman, Minister of Commerce and Industry Benin Republic, to express 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.

The meeting between both ministers, brief yet significant, resonated with shared concerns and aspirations of both countries. 

Shadiya Alimatou Assouman in her remarks, 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.” 

 

Thereafter, the Minister of State proceeded on an on-site inspection of the facility and 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 twenty year lease agreement.

Unfortunately, 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, the two governments competitively source for new core investors. 

Senator John  Enoh, flanked by members of his team, meticulously examined the infrastructure, assessing its potential for revival.

The Minister of State for Industry, after the inspection, remarked that "Various meetings at both technical and policy levels have continued to be held, but away from these, action is needed. Seeing is believing is a common popular saying. 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."

This is contained in a statement issued and signed by Diana Mary Tiku Nsan, SA (Media) to the Honourable Minister of State for Industry, FMITI and made available to Naij News Alert